USA: Puttshack Completes Growth Capital Round of $150 Million to Fuel Expansion on US Market and Opens New Location in Boston

Based in London with global headquarters in Chicago, US, British company Puttshack’s entertainment concept under the same name, launched in 2018, offers a mix of high-tech mini golf game (with patented “Trackaball™” technology) and food and beverage offering marketed as an overall experience. A recent 150 million US dollar financial injection from US investment firm BlackRock and continued financial support from UK private equity investor Promethean Investments are now expected to further advance the company’s pursued growth strategy in the US market.

“As the global leader in the emerging and growing market of competitive socializing, we have found immense success since opening our first two U.S. venues in Atlanta and Chicago last year,” said Logan Powell, Group CFO of Puttshack. “This new capital from BlackRock will allow us to further expand and bring our one-of-a-kind concept to more cities across the country. Our guests are our top priority; therefore, we will continue investing in innovative technologies to enhance the overall guest experience with a seamless booking platform and novel mini golf game components only available at Puttshack.“

In 2018, the provider’s first facility opened in London. The third Puttshack facility in the US was launched this past Wednesday in the heart of Boston’s Seaport District (Massachusetts). The new facility extends over two floors and a total area of approximately 2,400 square meters. A total of four nine-hole miniature golf courses as well as a bar and restaurant area on each floor are available for guests. (eap)

All photos: courtesy of Puttshack.