PRESS RELEASE APRIL 5, 2023 – EEP CAPITAL (“EEP”) today announced an investment in Padel X USA, a new Florida based Padel venture aspiring to build clubs, events and, e-commerce and events across the US continent.
Padel is considered the fastest growing sport in the world played in over 90 countries with an estimated 20 million active players. Padel is quickly gaining traction in the US market and the number of courts is expected to grow from 200 currently to over 30,000 courts and over 8 million players by 2030.
Padel X USA LLC, established in 2022, is a US based Padel venture founded by a team of Argentinian entrepreneurs with the aspiration of becoming the leading 360 padel platform in the USA, including clubs, e-commerce and events.
“We’re excited to become an investor in Padel X USA, and partner with CEO Diego Barral and his team to help roll-out the venture across the US”, comments Alan Flatt, President of EEP Capital.”
EEP Capital was established in Orange County, CA, in July 2022 as first dedicated venture capital company for the emerging US Padel market. EEP Capital provides capital, know-how and the toolbox to help US-based Padel entrepreneurs succeed. The current portfolio includes investments in NY based Padel Haus, the new Pro Padel League (“PPL”) and the ownership of the PPL team franchise Los Angeles Beat. EEPs funds have been raised from among others Swedish entrepreneurs, several leading Swedish NHL-players as well as professional World Padel Tour players.
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. We’re on a mission to bring Padel – considered the fastest growing sport in the world with an estimated 20 million active players – to the US in close partnership with passionate, local entrepreneurs. EEP Capital is based in Laguna Beach, CA, and is a spin-off from EE Padel, a global supplier of Padel courts and accessories. For more info, check out www.eepcapital.com