Success Story
Founded in 2020, Kris Ball launched The Padel Club after recognising its rising popularity while working abroad. With no courts available in his local area, Wilmslow, Kris decided to start the business in the anticipation that demand for the sport would take off.
| Region/Nation | North West |
|---|---|
| Sector | Arts, Entertainment and Leisure |
| Programme | Northern Powerhouse Investment Fund II |
| Partner |
In total, The Padel Club has now raised £3.8m in its latest funding round, with £1.5m from NPIF II – Praetura Equity Finance, which is managed by Praetura as part of the Northern Powerhouse Investment Fund II. Existing investor, Endeavour Ventures, has provided additional EIS investment as part of the latest funding round.
The funding will enable The Padel Club to supercharge its growth plans by capitalising on the strong pipeline of sites it has built and plans to open. The Club currently operates four courts and recently announced plans to open a new site in TraffordCity, which will host 11 high specification courts, alongside a clubhouse for players to relax and socialise.
The investment from NPIF II – Praetura Equity Finance will help facilitate its latest site expansions, with the finance provided being used to build 42 new courts by 2025. The Club has also won Leading Newcomer Award Winner at the This Is Manchester Awards 2023.
Tags related to this content:
Quick links
More success stories
Read a success story about Ruuby
An on-demand beauty marketplace, which allows customers to order a host of beauty services to their desired location, has raised £2m to accelerate its growth in the North West by doubling down on its existing operations in Manchester and Liverpool.
Read a success story about Power Roll
Based in Murton, Power Roll, a pioneer in the solar energy transition, has raised £4.3 million in its most recent funding round, including £1.5 million from NPIF II – Maven Equity Finance, which is managed by Maven Capital Partners as part of the Northern Powerhouse Investment Fund II.
Read a success story about Xentra
A fast-growing Leeds cybersecurity company secured a six-figure loan from NPIF II – Mercia Debt Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II).