The entertainment concept which combines tech-infused mini-golf with food and drink is intending to grow at a rapid pace.
Puttshack opened its first US location last month at the new mixed-use development, The Interlock, in Atlanta. The concept intends to open a location in Oak Brook in the autumn of this year, followed by a Miami location. The company has also recently signed a lease in Nashville’s The Gulch, with a number of other new locations planned to open in 2022.
In line with this strategy, Puttshack has completed a growth capital round of $60M led by Promethean Investments. The funds will be used to continue to support the company’s growth.
Logan Powell, Chief Financial Officer of Puttshack, commented: “We are thrilled to continue our partnership with Promethean and others as we look to continue our growth in the US, UK and beyond. Despite the challenges in our industry throughout 2020, we are poised for growth and are excited to bring our tech-infused, patented mini golf offering to more locations and guests.”
