PingPod Closes $10 Million Series A
Site Products
PINGPOD

PingPod Closes $10 Million Series A Funding for Expansion

(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.

Full article here

Stay “In The Loop” with Butterfly professional table tennis equipment, table tennis news, table tennis technology, tournament results, and We Are Butterfly players, coaches, clubs and more.

Latest News

Butterfly Training Tips With Shigang Yang – Looping Half – Long Push

June 28, 2022
(By: Bowmar Sports) In this Butterfly Training Tips Shigang Yang he is focusing on his student looping a… Read More

NATIONAL TEAM TRIALS UPDATE: U15 BOYS AND GIRL EVENTS CONCLUDE, TRAN AND MOYLAND CONFIRM TOP SEED STATUS

June 28, 2022
(By: Vlad Farcas) Saturday June 25th, the National Team Trials started in Fort Worth, TX at the Texas… Read More

Butterfly Training Tips With Anav Gupta – Forehand & Backhand Loop Stroke Management

June 28, 2022
(By: Bowmar Sports) In this Butterfly Training Tips with Anav Gupta is focusing on Forehand Backhand Stroke Management.… Read More

Steven Moreno First In The World For 25 Consecutive Weeks In The U-13 Category Of The International Table Tennis Federation

June 27, 2022
Congratulations STEVEN MORENO for been 25 consecutive weeks in the U-13 Category of the International Table Tennis Federation… Read More

Butterfly Training Tips With Yu Di – Backhand Loop Training

June 27, 2022
In this Butterfly Training Tips Yu Di is focusing on Backhand Loop Training. Yu Di, is a coach… Read More

Coaching Tips of the Week: What Is the Playing Style You Are Trying to Develop?

June 27, 2022
(By Larry Hodges) If you don’t know where you are going, it’s tough to get there. This is… Read More

2022 Classic Hardbat World Championships

June 27, 2022
(By Larry Hodges) August 5-7, in Missouri City, TX, just outside Houston. It’s time for some serious Hardbat… Read More

Coach Jeffrey Zeng Leads His Team To Division B Title At America’s Team Championship

June 27, 2022
(By: Bowmar Sports Team) Congratulations to coach Jeffrey Zeng!  His students, Ryan Lin, Winston Wu and William Wu… Read More
View All News

Get the latest from Butterfly

Stay “In The Loop” with Butterfly professional table tennis equipment, table tennis news, table tennis technology, tournament results, and We Are Butterfly players, coaches, clubs and more.