Who is the owner of Tower paddle boards?
Founder, tower paddle boards with over two decades of internet experience at the executive level, stephan aarstol is an internet industry veteran. He has founded a number of ventures including: the no middleman project, tower electric bikes, tower paddle boards, the tower beach club, sidepot gaming, and more. Aarstol founded tower paddle boards in 2010. Aarstol pitched his business on shark tank in 2011. Mark cuban made an offer and invested $150,000 for a 30% stake in aarstol’s company.Founder, Tower Paddle Boards Founded in 2010 and funded by billionaire Mark Cuban, Tower Paddle Boards is one of the biggest success stories in Shark Tank history. With only $100K in lifetime sales at the time of the 2011 pitch, Cuban invested just $150K, and since then Tower has done well over $40M in sales.
How many paddle boards are sold each year?
About 130,000 paddle boards are sold annually in the US and Europe for a total of $143 million. US for a total of $220 million to $400 million, and 13 to 24 million surfboards are sold annually globally for a total of $13. The Stand Up Paddleboard Market is estimated to be valued at US$ 1. Bn in 2023 and is expected to exhibit a CAGR of 10. Coherent Market Insights. Companies covered: C4 Waterman, Boardworks Surf and Sup. Cascadia Board Co. Goodhill Co.Stand-up paddle boards can vary in price, ranging from about $200 to around $3000. If you are lucky, you will also have a chance to find a quality board for under $500. The paddle board price is generally influenced by materials, brand, size, features, and construction quality.Paddle Revenue In 2024, Paddle’s revenue reached $90. M up from $76. M in 2023. The company previously reported $76. M in 2023, $55M in 2022, $45. M in 2021, $36. M in 2020, $20M in 2019, $9. M in 2018, $1M in 2016.
What is the paddle board market worth?
The Stand Up Paddleboard Market is estimated to be valued at US$ 1. Bn in 2023 and is expected to exhibit a CAGR of 10. Coherent Market Insights. Companies covered: C4 Waterman, Boardworks Surf and Sup. Cascadia Board Co. Goodhill Co. The number of employees at Paddle more than doubled during the year, to 284. In 2022, Paddle raised £162 million from US private equity giant KKR at a £1.
How big is the paddle board market?
Global Stand-up Paddle Board Market size was valued at USD 1. USD 1. USD 3. CAGR of 10. The stand-up paddle board market is growing rapidly with new companies entering the market. Padel is worth about €2bn a year and growing fast. The Padel World Championship is held every second year since 1992, with Argentina (every time), Spain or Brazil reaching the final in every competition.The popularity of padel, also known in its Anglo-Saxon version as padel or padel tennis, has grown tremendously in recent years, making it a very profitable business opportunity.In terms of revenue, the global Padel Sports market size was valued at around USD 342. USD 508.
What is the valuation of paddle company?
The latest round brings Paddle’s total funding to date to $293 million. UK-based Paddle, which provides payments infrastructure for software companies, has secured $200 million in a Series D round led by KKR. The funding takes the fintech’s valuation up to $1. UK’s latest unicorn. Annual revenue of Paddle is $60. M as on Dec 31, 2022.