June 10, 2025 - News

Ballers Raises $20M for Wellness Racquet Club

First stop: Philly
Two people playing pickleball outdoors
Ballers

Ballers is building a social house of sport.

What’s happening: The hospitality-focused pickleball/padel club operator landed $20M to open its first site in Philadelphia this July.

Club circuit. Founded by former Equinox executives, Ballers combines pickleball and padel competition with off-court amenities like a turf field, contrast therapy, and dining experiences

Backed by Philadelphia 76ers owner David Blitzer and tennis stars Andre Agassi, Kim Clijsters, and Sloane Stephens, it’s deploying $30M to launch its inaugural clubs.

Philly and Boston will debut this summer before Miami by early 2026. Planning 50+ locations over the next decade, it’s exploring LA, NYC, DC, Chicago, and more.

Big swing. Tennis, pickleball, and padel are hitting record-high participation, and 43% of participants play more than one.

While public courts in parks, franchises like The Picklr, and free-for-all’s like Toronto’s Fairgrounds rapidly scale up, private operators are applying wellness culture and hospitality to create premium third spaces.

As Life Time builds out in-club and ground-up gameplay, others are taking a social club model, with Moss, Padel Haus, and NJ’s Padel United adding spa treatments, supper clubs, and co-working

Punchline: Consumers young and old are desperate to connect. Betting on racquet sports, Ballers and others will rally members around healthy hobbies.

Ryan Deer
Ryan Deer
The future of health and wellness in one newsletter

Subscribe for insights on the wellness economy, gyms and studios, preventative healthcare, wearable tech, and more

No thanks.