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Puttshack Completes $150M Growth Round with Blackrock Funds
Chicago-based Puttshack, an upscale tech-infused mini golf experience with global food and beverage, has completed a $150-million growth capital round from funds managed by BlackRock and continued support from Promethean Investments. The new funding will support Puttshack’s rapid growth strategy in the U.S.
Puttshack opened its first location in London in 2018. Currently, Puttshack has two U.S. locations–Chicago and Atlanta—and four in the U.K. New venues in Boston and Miami are scheduled to open in fall 2022, followed by one in St. Louis this winter.
Additional locations in Dallas, Denver, Houston, Nashville, Philadelphia, Pittsburgh, and Scottsdale, plus a second location in Atlanta, are slated for 2023, with other U.S. locations to be announced.
“Puttshack is tapping into new markets with its innovative approach on the beloved game of mini golf, making it the clear leader in the social entertainment industry,” said William Im, director in BlackRock’s credit team.
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