Funding round
PGA TOUR Growth
Reported as "Growth Equity"
PGA TOUR, which works in golf league management in Ponte Vedra Beach, raised $1.50B in a Growth round announced on 31 Jan 2024, led by Fenway Sports Group, at a $12.90B post-money valuation. 3 firms took part.
$1.50B
Amount raised
$12.90B
Post-money valuation
$11.40B pre-money
3
Investors
1 lead
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced PGA TOUR at $12.90B after the new money. The $1.50B bought investors about 12% of the company. It is PGA TOUR's first venture round on record, 56 years after it was founded in 1968. No later venture round is on record for PGA TOUR.
PGA TOUR's funding rounds
This is the only venture round on record for PGA TOUR.
- Growth this round 31 Jan 2024, led by Fenway Sports Group $1.50B$12.90B post-money
Investors
Who put money in
Fenway Sports Group led the round with 2 other firms.
Lead investor
- Fenway Sports Group new investor
Also in the round
- Strategic Sports Group new investor
- Cohen Private Ventures new investor
Comparable rounds
How it compares
The closest in time: 2 in Sports & Leisure - Clubs, Fields & Pitches, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Sports & Leisure - Clubs, Fields & Pitches | 30 Sep 2023 | $200M | not disclosed | not named |
| Sports & Leisure - Clubs, Fields & Pitches | 21 Nov 2024 | $100M | not disclosed | Atwater Capital |
| Vantage Data Centers Data Solutions | 31 Jan 2024 | $6.40B | not disclosed | DigitalBridge and Silver Lake |
| Resorts | 29 Jan 2024 | $3.00B | not disclosed | KSL Capital Partners |
| Domyn Tech Companies | 1 Jan 2024 | $720M | $1.88B | not named |
| Industrial Machinery & Supplies | 23 Jan 2024 | $400M | not disclosed | Koch Equity Development |
| Solar Energy Company | 8 Jan 2024 | $400M | $816M | I Squared |
| Picnic Groceries | 9 Jan 2024 | $389M | not disclosed | Edeka |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did PGA TOUR raise in its Growth round?
PGA TOUR raised $1.50B in its Growth round, announced in Jan 2024.
Who led PGA TOUR's Growth round?
Fenway Sports Group led it, with Strategic Sports Group and Cohen Private Ventures.
What was PGA TOUR's valuation at the Growth round?
$12.90B post-money ($11.40B pre-money).