Epic Padel, a Virginia-based padel club operator, has raised $10 million in an oversubscribed seed funding round to accelerate its plans for growth across the United States.
The round was led by NowaisWorld and Stryde Ventures, with additional backing from 305 Ventures, High Water Venture Partners, Lane Holdings, Off Court Ventures, Silverback Capital Group, as well as a number of angel investors and athletes.
Founded in 2023, the company currently operates a single club in Charlotte but intends to use the new funding to open between four and six additional venues. Potential locations include Virginia, Wisconsin, specifically Milwaukee, South Carolina, and Utah. Epic Padel plans to target underused spaces such as existing racket clubs, parking lots and warehouses to house the new sites.
Padel, while rapidly expanding globally, remains a niche sport in the U.S. According to Playtomic’s latest Global Padel Report, there are around 800 courts nationwide, far behind Europe’s 44,000. Markets such as Spain, Portugal and France added more than 1,000 new courts in 2024 alone.
Epic Padel sees significant potential for growth in the U.S. market. Competitors including Padel Haus, Taktika Padel, Reserve and Ultra Padel have so far only established a handful of locations, typically in major urban centres such as New York, southern Florida and southern California.
Epic Padel is differentiating itself by focusing on “tier two” cities and offering more accessible pricing. Membership plans range from $59 to $259 per month, while non-members can book 90-minute sessions for between $60 and $120.
