Topgolf Entertainment Group, a Dallas, TX-based global sports entertainment company, closed on another round of investment funding.
The amount of the deal was not disclosed.
– Fidelity Management and Research Company,
– WestRiver Group,
– Thomas Dundon, Providence Equity Partners, and
– Callaway Golf Company.
The company intends to use the funds to continue to grow operations.
Topgolf combines technology and entertainment, golfers and non-golfers, children and adults to make golf fun and engaging via venues that feature dozens of climate-controlled hitting bays for year-round comfort and a chef-inspired menu. Today, 40 venues entertain more than 13 million guests annually, via original content shows, next-gen simulator lounges, competitive tours, and pop-up social experiences.
Across its venues, digital platforms and social media, Topgolf has amassed a following of 52 million fans.
Beyond the funding, the company also announced strategic partnerships to open venues in Australia, Mexico, Canada and the United Arab Emirates.