Puttshack receives $60M expense2 min read
Picture courtesy Puttshack
Puttshack, a notion concentrated on higher-tech indoor mini-golfing and worldwide cuisine, has secured $60 million in funding as it appears to open new locations, the business declared Wednesday.
The eatertainment chain opened its to start with U.S. spot in Atlanta in April and has plans to debut in suburban Chicago this fall, adopted by a Miami unit. Puttshack just lately signed a lease in Nashville, at the web site of the former Gibson Guitar manufacturing unit, and is slated to announce “multiple new U.S. locations” shortly, with options to open them up coming calendar year.
“This most current round of funding will let the group to carry on securing special and desirable real estate opportunities as it expands into a lot more best markets,” Puttshack reported in a assertion.
Prior to its U.S. openings, Chicago-based Puttshack operated three places in the U.K.
Puttshack CEO Joe Vrankin was the head of Topgolf from 2007 to 2012, and the idea was established by Steve and Dave Jolliffe, Topgolf’s originators, as effectively as Adam Breeden, co-founder of meals-and-games principles Flight Club, Ace Bounce and All Star Lanes.
The $60 million funding round was led by Promethean Investments, a U.K.- and U.S.-based mostly investment organization, that has also invested in Flight Club, among other eatertainment manufacturers.
“The demand for social enjoyment, specifically as we emerge from the world pandemic, is exceptionally large, and Puttshack is set to increase at a quick tempo,” Michael Burt, controlling associate at Promethean Investments, said in a statement.
Puttshack’s Atlanta area is about 25,000 square ft, with 4 mini-golfing classes, an indoor-outdoor rooftop patio and a full bar.
Puttshack’s mini-golf holes are tech-enabled and continue to keep score for gamers as they go by means of the system. The concept’s menu is targeted on globally-influenced, shareable items. Puttshack is open up to all ages in the course of the working day but only to these 21-and-in excess of at night time.