Pickleball Inc. Raises $225 Million In Apollo Sports Capital-Led Investment And Becomes New Parent Of PPA Tour And Major League Pickleball
By Amit Chowdhry ● Today at 10:32 AM
Apollo Sports Capital, an investment platform of Apollo, has led a landmark $225 million structured investment in Pickleball Inc., the newly formed parent company of the Carvana PPA Tour and Major League Pickleball. The capital raise creates the largest, singularly operated pickleball ecosystem, integrating professional and amateur play with leading technology, retail, and infrastructure platforms. Pickleball Inc.'s newly merged business verticals generated over $140 million in combined revenue in 2025. Tom Dundon and the Pardoe family will remain the majority shareholders, adding several additional pickleball assets spanning facilities, courts, ecommerce, and technology.