The Pro Padel League (PPL) has raised $15 million in a Series A funding round, underlining growing investor confidence in the rapidly expanding sport.
Investor Group Expands
The round was led by Rick Schnall, co-chairman of the Charlotte Hornets.
Additional backing came from Andrew Schwartzberg, Jason Tillis, and existing investor Left Lane Capital.
Growth Funding Accelerates
The new capital will support league expansion, team infrastructure, and player development.
It follows a $10 million seed round completed in 2025.
Padel Momentum Builds
PPL’s second raise in 12 months reflects padel’s surging popularity in North America.
The league is positioning itself to convert recreational demand into a scalable professional product.
Franchise Values Rising
PPL currently operates ten teams across the US, Canada, and Mexico.
Several franchises are already valued at over $10 million.
Star Investors Join
Backers include Frances Tiafoe, Maarten Paes, and Edward Rogers of Maple Leaf Sports & Entertainment.
Competition Heats Up
PPL faces competition from rival circuits such as Premier Padel, as multiple organizations race to capitalize on the sport’s global growth.