(Courtesy of Businesswire)
NEW YORK–(BUSINESS WIRE)–PingPod, the 24/7 autonomous Table-Tennis-On-Demand concept with three NYC locations currently open, three more in the pipeline, and a Philadelphia location set to launch this spring, has raised $10 million in a Series A funding round led by Sequoia Heritage. KittyHawk Ventures and Draper Gain Family Office also participated in the round.
“Since opening our first location in February 2020, we’ve seen rapid growth with over 35,000 reservations made on our system and north of 13,000 customer sign-ups,” said Max Kogler, PingPod co-founder and CEO. “Table tennis is among the top 10 sports in terms of participation and popularity worldwide and a fast-growing sport in the US. It is PingPod’s mission to enable and accelerate that growth by making table tennis affordable and accessible to all.”
Table tennis has existed for over 100 years but has experienced very little innovation and is widely perceived as a parlor game, especially in the US. By building a network of accessible, self-serve pods, PingPod has been able to unlock demand while keeping operating costs low. PingPod uses technology to make the booking process easier and enhance the playing experience with digital features such as instant replay and automated scoreboards. “Podifying” the sport has brought new, casual players to table tennis.
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