# Pingpod

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pingpod

- Industry: Travel & Leisure
- Headquarters: New York, US
- Website: www.pingpod.com
- Total disclosed funding: $11M
- Latest round: Series A (Mar 16, 2022)
- Investors on record: 3

## About

Pingpod Inc. is a company specializing in providing automated table tennis experiences, catering to both casual and serious players through convenient reservation systems and 24/7 access to their dedicated spaces, known as Pods.Founded in 2019, Pingpod Inc. operates in New York, US, and focuses on offering automated table tennis services. The company was co-founded by David Silberman, Ernesto Ebuen, Juan Marca, and Maximilian Kogler, who also serve as the current CEOs. Since its inception, Pingpod has successfully completed three funding deals, with the most recent being a Series A round on March 16, 2022, where it raised USD 10.00 mn, led by Sequoia Heritage alongside Draper Gain Family Office and KittyHawk Ventures. This round brought the total amount raised to USD 10.00 mn and established a current company valuation of USD 40.585 mn.PingPod offers a fully automated table tennis experience, designed for casual players and enthusiasts alike. Their core service involves reserving ping pong tables in dedicated Pods that are operational 24/7. Users can reserve tables starting at USD 20 per hour, avail coaching lessons, join leagues, or host events like birthday parties and corporate gatherings. The Pods feature contactless check-in for seamless access, catering to a diverse clientele across major urban markets such as New York City, New Jersey, Philadelphia, Boston, Chicago, and Miami.PingPod generates revenue primarily through hourly table reservations and coaching services within its Pods. Users can book tables on an hourly basis or engage in private lessons with qualified PingPod Coaches. The company also hosts events tailored to groups, which require separate bookings, and may offer membership plans for frequent users at discounted rates. Specific pricing plans for group events and coaching packages are designed to accommodate various client needs, ensuring flexibility in market engagement.In March 2022, Pingpod Inc. raised USD 10.00 mn in Series A funding, led by Sequoia Heritage, to accelerate its growth and make table tennis affordable and accessible to all. The company plans to utilize this funding to enhance its current offerings and expand into new markets. Specific target regions for expansion are being explored, although details on the exact locations and timelines have not been disclosed. As part of their growth strategy, Pingpod aims to innovate and launch new products that support community engagement and broaden their customer base.

## Funding rounds

- Series A, Mar 16, 2022, $10M — HRTG Partners, KittyHawk Ventures, Draper Gain Family Office
- Seed, Oct 2, 2019, $0.6M — KittyHawk Ventures

## Investors

- KittyHawk Ventures (https://capitalatlas.ai/funds/kittyhawk-ventures) — Seed, Series A
- HRTG Partners — Series A
- Draper Gain Family Office — Series A