K1 Speed Receives $6.6m Debt Financing from Praesidian Capital

K1 Speed, Inc., a Irvine, California-based large operator of indoor go-kart racing tracks, has received a $6.6m debt financing from Praesidian Capital.

The company intends to use the proceeds from the investment to fund its expansion plans.
K1 Speed, Inc., which plans to open two new locations in Santa Clara, California and Austin, Texas.

Founded in 2003 and led by CEO David Danglard, the company already operates kart racing centers in San Diego, Los Angeles, Santa Clara, Seattle, the Inland Empire, Fort Lauderdale and Phoenix.



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