PRESS RELEASE JUNE 23, 2023 – Latest investment showcases its continued portfolio expansion across the US
Sports investment firm EEP Capital announces the addition of San Francisco’s Park Padel to their investment portfolio. EEP Capital now holds core investments on both coasts of the US.
Park Padel, established in November 2022, is founded by a group of three entrepreneurs from the San Francisco Bay Area, with a passion for sports and wellness, who fell in love with padel while traveling in Spain. Excited to facilitate the growth of this dynamic sport in the US, these entrepreneurs built a plan to establish padel in the Bay Area.
“Padel has seen explosive growth in Miami, Texas, and New York. With its athletic culture and international presence, San Francisco is next,” says Neil Chainani, COO of Park Padel. The group will leverage their strong networks in the Bay Area to build an athletic social club where players can learn from experienced coaches and build a strong community around the sport. Their facility will have 4-6 top-tier courts, lessons and clinics for all levels, members-only tournaments and events, and a corporate event rental space.
The group is proud to have Brian Vahaly, former American professional tennis player and former CFO of boutique fitness chain [solidcore], as a member of Park Padel’s board. His unique experience across franchises and racket sports makes him an invaluable asset to the company.
“We are excited to invest in Park Padel and help them grow. As a San Francisco based startup, Park Padel can benefit from great demographics in the region including international players already playing the sport and newcomers attracted to the fun, social and athletic side of this sport. We have been impressed with the amount of work the three founders have done to kick off this business,” said Alan Flatt, CEO, EEP Capital.
Jessica Talbert, CEO of Park Padel, also highlights the importance of EEP Capital’s investment in the venture.
“We are excited to partner with an investment group like EEP Capital, the first VC firm to support padel entrepreneurs in the US. With their investment comes an expertise in padel club construction and operations that will lead to our success.”
EEP Capital, the first dedicated venture capital firm for the US Padel market, already invests in New York City’s first and only club, Padel Haus, run by Santiago Gomez. The capital company also invests in the new padel league in North America, the Pro Padel League. EEP Capital is the owner of Los Angeles Beat. In April, the firm announced its investment in Padel X. Padel X USA, established in 2022, is a US-based Padel venture founded by a team of Argentinian entrepreneurs who aspire to become the leading 360 padel platform in the USA, including building clubs, e-commerce, and events.
EEP Capital investors include Swedish, US, and Spanish sports entrepreneurs, including active NHL players Jacob Markström and Elias Lindholm, as well as professional Padel players on the World Padel Tour.
For more info, please contact:
Alan Flatt, President, EEP Capital LLC, T: +1 949 338 4226, E: alan@eepcapital.com
Philip Siberg, Chairman, EEP Capital LLC. T: +46 70 7906734
About EEP Capital LLC
EEP Capital was established in 2022 to provide early-stage venture capital and know-how to US based Padel entrepreneurs. EEP Capital invests in early-stage companies including consumer oriented padel clubs, high growth opportunities in sports technology, consumer goods, and sports teams, as well as providing best-practice know-how in padel sport to help secure long-term success. The company was founded by seasoned padel entrepreneurs, former corporate executives and professional athletes with main focus on investing in the US market. EEP Capital is based in Laguna Beach, CA, and is an affiliate of EE Padel, a global supplier of Padel courts and accessories. For more info, check out www.eepcapital.com