Apollo Sports Capital Leads $225M Investment in Pickleball Inc., Valuing It at $750M
APO•Apollo Sports Capital led a $225 million funding round in Pickleball Inc., bringing total capital to $315 million and valuing the new parent at $750 million. The investment integrates Pickleball Central, PickleballTournaments.com and Just Courts, which drove over $140 million in revenue in 2025 and bolsters Apollo’s sports platform.
1. Investment Details
Apollo Sports Capital led a $225 million structured funding round for Pickleball Inc., raising total capital to $315 million and valuing the parent company at $750 million. Dundon Capital Partners also participated, marking one of the largest investments in a single emerging sports entity.
2. Integrated Business Assets
The funding round consolidates Pickleball Central, PickleballTournaments.com and Just Courts into a unified platform, enabling vertical integration across equipment retail, event management and court construction.
3. Financial Performance
Pickleball Inc. reported more than $140 million in combined revenues for 2025, with professional tours generating $60 million, including $30 million from sponsorships, and setting a $74 million revenue target for the current year.
4. Ownership and Governance
The Pardoe family and Tom Dundon retain majority control post-investment, and the five-person board features executives including Apollo Sports Capital CEO Al Tylis and Pickleball Inc. CEO Connor Pardoe.
