Puttshack USA Inc.
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Puttshack USA Inc. - overview
Established
2017
Location
Chicago, IL, US
Primary Industry
Travel & Leisure
About
Puttshack USA Inc. is an innovative entertainment company based in the US, specializing in tech-enhanced mini golf experiences, merging leisure with dining to create a unique social environment. Founded in 2017, Puttshack USA Inc. operates upscale mini golf venues that combine technology and dining.
The company is headquartered in Chicago, US. The founder, Adam Breeden, has a background in launching multiple successful ventures. Puttshack has secured a total of USD 60. 00 mn in funding, with the most recent round, a GROWTH round, led by Promethean Investments occurring on October 6, 2022.
Puttshack delivers a unique mini golf experience that integrates advanced technology with a vibrant dining atmosphere. The core service revolves around tech-infused mini golf courses, where proprietary golf balls track players' shots automatically. This innovative offering caters to individuals and groups seeking recreational competition and casual hangout venues. Puttshack's facilities accommodate a diverse clientele, including families and corporate groups, creating an inclusive environment.
Their courses and dining experiences are available in key markets, primarily the United States and the United Kingdom. In 2020, Puttshack reported revenues of USD 8,398,305. 90 and an EBITDA of USD -8,808,462. 80.
The company generates revenue mainly through mini golf rounds, dining services, and event hosting, with private event packages catering to corporate clients and special occasions contributing to its revenue stream. They capitalize on promotional opportunities like gift card sales to incentivize customer return visits. Following the recent investment round on October 6, 2022, where BlackRock provided USD 150 mn in debt to Puttshack USA Inc. , the company plans to utilize these funds for expansion within the U.
S. market. Upcoming products are being designed to enhance the technology of their mini golf experiences, although specific release dates have not been disclosed. Puttshack aims to broaden its footprint in additional urban centers, focusing on regions that align with its entertainment and dining offerings.
Current Investors
Promethean Investments
Primary Industry
Travel & Leisure
Sub Industries
Recreational & Entertainment Facilities, Restaurants & Nightlife
Website
www.puttshack.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Puttshack USA Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Puttshack USA Inc. | - | ||||||||
| Growth | Completed | Puttshack USA Inc. | - | ||||||||
| Growth | Completed | Puttshack USA Inc. | - |
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