Puttshack has completed a new growth capital round of $60m (£43.1m) led by existing backer Promethean Investments to fund growth in the U.S., and UK and around the world.

The tech-enabled mini-golf concept was founded by Adam Breeden and was originally part of his Social Entertainment Ventures, but has since branched out as a standalone business.

Joining its three current UK venues, Puttshack opened its first U.S. location in Atlanta last month, with plans to open in Miami and Nashville to follow.

Logan Powell, CFO of Puttshack said: “Despite the challenges in our industry throughout 2020, we are poised for growth and are excited to bring our tech-infused, patented mini golf offering to more locations and guests. This capital will allow us to continue the vision of our founders, and we are grateful for the continued support of all our investors.”

Michael Burt, managing partner Promethean Investments, said: “Puttshack is truly leading the way in the social entertainment industry, and we are honoured to continue supporting the company and the entire team. The investment round was oversubscribed, which speaks volumes of the strength of the concept and team. The demand for social entertainment, particularly as we emerge from the global pandemic, is extremely high, and Puttshack is set to grow at a rapid pace.”

Puttshack uses patented ‘Trackaball’ technology that keeps score as consumers play.

Food and drinks are globally inspired, with an upscale cocktail bar, and a nightclub experience in the evening.

 

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