#United States #Raleigh #Investment #Pickleball #Hyperspace Ventures

Hyperspace Ventures Expands Investment Strategy

Hyperspace Ventures, a North Carolina-based technology firm, has made a bold move by investing $6.8 million since the last quarter of 2024, targeting both the burgeoning sport of pickleball and various innovative tech companies. This strategic pivot marks a significant enhancement in their investment readiness and showcases their dedication towards fostering growth in emergent industries.

Focus on Growth and Innovation

"At our core, Hyperspace is a software design and development company," noted Taylor Meyer, Managing Partner at Hyperspace Ventures. "We build, launch, and scale digital products. Recently, we’ve started to explore investing in high-growth companies we confidently support, adding another layer to our founders’ growth strategies."

Through this investment initiative, Hyperspace Ventures aims to collaborate with a network of influential investors and advisors. Their deal flow is now available to all accredited investors, providing them with a fresh opportunity to connect with high-growth private enterprises and bolster the entrepreneurial ecosystem.

Breakdown of the $6.8 Million Investment

Hyperspace’s latest investments reflect their strategic vision:

• - $515,000 going into Ethos (renamed from Learn to Win), an enterprise performance training platform.
• - $670,000 allocated to Bezel, a marketplace for verified luxury watches.
• - $50,000 provided to PinPrint, a pioneering startup in medical technology.
• - $5.56 million dedicated to various ventures related to pickleball, including technology developments, facilities, and professional pickleball initiatives.

The Impact of Pickleball

Hyperspace Ventures' significant commitment to pickleball aligns them with a sport experiencing remarkable growth, as highlighted by a 223% increase in participation in the U.S. over the past three years, according to Pickleheads statistics. The overall pickleball market was valued at over $1.5 billion in 2023.

"The $6.8 million invested over the past nine months is just the beginning," emphasized Peter Fox, Managing Partner at Hyperspace. "We are committed to growing alongside founders who are shaping future innovation within the Raleigh-Durham area and beyond."

About Hyperspace Ventures

Based in North Carolina, Hyperspace Ventures is a technology company recognized for its exceptional capacity to design, build, and invest in digital products tailored for startups and established brands alike. With a focus on developing web and mobile applications as well as cloud systems, Hyperspace has successfully launched numerous companies spanning diverse sectors.

In addition to investment activities, the firm has built a suite of internal tools empowering companies to enhance their operational efficiency, secure funding, attract talent, and expand their networking capabilities. Their offerings include Space Dial, Launch Deck, HyperHire, and The 42 Club.

For more information, you can visit hyperspaceventures.com. To explore investment opportunities through Hyperspace’s deal flow, visit hyperspaceventures.com/investorsurvey.