Pro Padel League Secures $15 Million in Series A Funding
Pro Padel League (PPL), a New York City-based sports organization dedicated to promoting and organizing padel events, has successfully raised $15 million in its Series A funding round. The round was led by Rick Schnall, the Co-Chairman and Governor of the Charlotte Hornets. The funding announcement was made on March 25, 2026.
Company Overview
Founded with the aim of expanding the reach of padel—a racket sport that combines elements of tennis and squash—Pro Padel League has been at the forefront of popularizing the sport in the United States. The company is spearheaded by CEO Michael Dorfman, who has been instrumental in driving its growth and strategic direction.
Lead Investor
Rick Schnall, the lead investor in this funding round, brings significant experience and a strategic vision from his role with the Charlotte Hornets. His investment underscores a growing interest in emerging sports leagues and the potential market for padel in the U.S.
Strategic Use of Funds
While specific plans for the newly acquired funds were not disclosed, it is anticipated that Pro Padel League will use the capital to enhance its infrastructure, expand its geographic footprint, and further develop its event offerings. The funding is expected to enable the league to host larger tournaments and attract more players and spectators.
Executive Insights
CEO Michael Dorfman expressed optimism about the future of the league, stating, "This investment marks a significant milestone for us. With the backing of Rick Schnall, we are well-positioned to elevate padel's presence in the American sports landscape."
Conclusion
The successful completion of the Series A funding round marks a pivotal moment for Pro Padel League as it seeks to expand its influence in the world of sports. With new capital and strategic support, the league is poised to make significant strides in promoting padel across the United States.