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The Picklr secures $4.5M financing commitment from franchisee-led investor group during Chapter 11 restructuring.

PRIVATEOct 12, 2026

Amount Raised

$4.5 Million

Round Type

Seed

KaysvilleSports

Investors

Franchisee-led investor group

Description

The Picklr, a major indoor pickleball franchise network, filed for Chapter 11 bankruptcy protection on October 10, 2026, citing financial obligations from rapid expansion. The company secured a $4.5 million financing commitment from an investor group led by one of its franchisees, subject to court approval. The bankruptcy filing applies to the parent holding company, Picklr Inc., while operating subsidiaries and individual franchisees remain unaffected. The Picklr says all clubs will continue operating as usual during the restructuring process.

Company Information

Company

The Picklr

Location

Kaysville, Utah, United States

About

The Picklr is North America's fastest-growing network of premium indoor pickleball courts, offering an unparalleled experience for players of all skill levels. With more than 500 state-of-the-art clubs sold nationwide, The Picklr provides programs for beginners to pros, and a vibrant atmosphere. Membership to The Picklr includes access to all club locations nationwide, free court reservations, four clinics per month, and unlimited participation in leagues, competitive play/events and tournaments.

Fundz sees it the moment The Picklr raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for The Picklr's next move

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The Picklr raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.