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10/23/2022

Indoor mini-golf/dining concept Puttshack continues U.S. expansion with new capital

Marianne Wilson
Editor-in-Chief
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Puttshack Miami
Puttshack Miami (Photo credit: The Louis Collection)

An entertainment destination that combines tech-driven mini-golf with food and drink and whose creators include the founders of Topgolf has closed a new round of funding to support its U.S. expansion.

Puttshack has opened at Brickell City Centre, in Miami, an outdoor dining, entertainment, shopping, culture and community center developed by Swire Properties. The new location comes on the heels of the company’s announcement earlier this month that it has secured $150 million in growth capital from BlackRock to support its expansion in top U.S. markets.

Puttshack opened its first U.S. location in 2021, at The Interlock in Atlanta, followed by Chicago, Boston, and Miami. A fourth location will open this winter, in St. Louis.

Additional locations expected to open in 2023 include Dallas, Denver, Houston, Nashville, Philadelphia, Pittsburgh, and Scottsdale, Ariz., plus a second location in Atlanta. Other U.S. locations to be announced soon. 

"Puttshack is tapping into new markets with its innovative approach on the beloved game of mini golf, making it the clear leader in the social entertainment industry," said William Im, director in BlackRock's credit team. "The demand in this space is compelling, and we are excited to support Puttshack in its rapid expansion. There is a positive outlook on the horizon with substantial growth for the company."

Puttschack’s mini-golf course are powered by the brand's “Trackaball” technology, which is integrated throughout the entire game experience. It includes automated scoring, bonus points opportunities, interactive games at each hole, and more.

The format also includes a “globally inspired” dining menu and bar, with an upscale nightclub vibe featuring local DJs.

The 27,0000-sq.-ft. Puttshack Miami features three, nine-hole competitive mini-golf courses complemented by best-in-class food and beverage offerings and event space. It alsoincludes an outdoor terrace with seating capacity for up to 96 people that overlooks the Miami cityscape.

"Miami is known as a city to see and be seen and that perfectly aligns with the Puttshack brand," said Chris Rockwood, COO, Puttshack. "We know Puttshack will become a premier destination at Brickell City Centre and be the go-to destination for happy hours with friends and colleagues, date nights and late nights, company outings, and for families of all ages to enjoy exceptional food and hand-crafted drinks."

Puttshack is committed to giving back to its local community by supporting Girls Make Beats, a nonprofit organization that empowers girls by expanding the female presence of music producers, DJs, and audio engineers. As part of its give-back program, Puttshack Miami is pledging $1.00 for every purchase of the "Miami Tailpipe," a locally inspired sharable spring roll dish packed with house-smoked chimichurri pork, ham, cheese, black beans and grilled pineapple, and served with mustard and sweet chili dipping sauces.

Puttshack’s recent growth capital follows a $60 million funding round from Promethean Investments in 2021.

The company has its global headquarters in Chicago.