Pro Padel League raises $15 million as investors bet on sport’s U.S. growth
#Pro Padel League #funding #investors #padel #United States #growth #racket sport #emerging market
📌 Key Takeaways
- Pro Padel League secures $15 million in funding from investors
- Investment reflects confidence in padel's growth potential in the United States
- The league aims to expand the sport's presence and professional infrastructure
- Padel, a racket sport, is gaining popularity as an emerging market in the U.S.
📖 Full Retelling
The Pro Padel League has raised $15 million in new funding as it looks to accelerate its next phase of growth in the U.S.
🏷️ Themes
Sports Investment, Market Expansion
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Original Source
Sign up today for the CNBC Sport Newsletter CNBC Sport Pro Padel League raises $15 million as investors bet on sport’s U.S. growth Published Tue, Mar 24 2026 8:00 AM EDT Jessica Golden @JGolden5 Brandon Gomez @in/brandon-gomez/ @bgomezreports WATCH LIVE Key Points The Pro Padel League has raised $15 million in Series A funding, signaling growing investor confidence as the sport expands in the U.S. Padel’s rapid global growth is now spilling into the U.S., with projections of 15 million American players by 2030. The league is building out teams, infrastructure and a media-driven product as investors and operators bet padel could become a major new sports asset class. watch now VIDEO 3:29 03:29 Why padel is booming: Inside the rise of the latest racket sport craze CNBC Sport The Pro Padel League has raised $15 million in a new funding round, the league announced on Tuesday, highlighting the growing investment for yet another rising racket sport as it gains traction in the U.S. The new raise follows $10 million in seed funding for the league, received in March 2025. The Series A funding round was led by Charlotte Hornets co-chairman and governor Rick Schnall, with additional investment from venture capital firm Left Lane Capital. "I think this speaks to the nature of the long-term growth prospects that we have as a league," Pro Padel League CEO Michael Dorfman told CNBC. Dorfman said the new funds will go toward expanding the league's front office, building out its infrastructure and creating a full calendar of events to support players. Founded in 2023, the Pro Padel League features 10 teams across the United States, Canada and Mexico. Source: Pro Padel League The North American league currently has 10 city-based franchises: eight in the U.S., one in Canada and one in Mexico. The league also recently launched a developmental circuit called PPL 2 — aimed at identifying North American talent — and secured new sponsorship deals with watchmaker Frederique Constant as well...
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