Rocket Padel raises £7m ahead of West London and East Croydon club openings

Rocket Padel has raised €8 million (£6.8 million) in funding, pushing ahead with opening new clubs in West London and East Croydon. The business, which already operates clubs in Denmark, the UK, and plans to build its first in Spain, values the company at an undisclosed eight-figure amount. Rocket Padel states the UK is its fastest-growing market, with its flagship Battersea Power Station club in London having 95% of court time booked.

The chairman and lead investor, Morten Bugge, emphasises the focus on locations that can generate multiple revenue streams from repeat play, hospitality, and corporate demand. The funding enables Rocket Padel to invest in larger venues and build upon its operating expertise. The UK is central to their growth strategy, and they are open to strategic partnerships to accelerate this growth.

The new East Croydon club, set to open in early 2027, will feature nine courts, a cafe, bar, and flexible social spaces. The Shepherds Bush club, located in a former film studio, will house 11 courts, golf simulator pods, and food and drink facilities. Both locations aim to increase event bookings and longer visits, as they believe the experience extends beyond the time spent on the court.

Businesses including Goldman Sachs, JPMorgan, Blackstone, Google, and American Express have utilized Rocket Padel clubs for corporate events and client entertainment, highlighting the appeal of the social and hospitality aspects.