18Birdies, an Oakland, CA-based developer of game-improvement and social platform for golfers, received revenue-based growth funding from Decathlon Capital Partners.
The amount of the deal was not disclosed. 18Birdies will repay the investment through its future revenues. No equity or ownership was exchanged for the growth capital, and 18Birdies was not required to give up any control of the company.
The company intends to use the funds to advance new product-development initiatives, expand its customer-support capabilities and develop new partnership relationships.
Led by CEO Eddy Lui, 18Birdies provides a game-improvement and social platform for golfers. Golfers reach for 18Birdies to get distances, plan and manage their rounds and stats, learn and challenge themselves with practice tools and content — and to connect with friends, family and the community to share in their collective golf journeys.
FinSMEs
29/09/2022