Haymarket, Virginia, United States: As the mission to preserve and protect caddie programmes becomes stronger, CaddieNow has announced the successful close of a US$3 million series A round of funding.
The additional resources strengthen the company’s ability to expand into the top private and resort courses in the United States. The round was led by a strategic investor group with the assistance of Parchman, Vaughan and Company LLC and Attentive Law Group.
“We are excited to continue to advance our mission, which is to preserve and protect existing caddie programmes while creating hundreds of new programmes and thousands of new caddies,” said Dave Cavossa, Chief Executive Officer and Founder of CaddieNow.
“We have had great support since our launch four years ago and we are thankful to the angel investors who helped get us here,” he added.
The new funding will be allocated primarily to further developing CaddieNow’s technology platform, expanding its sales and marketing teams, and further equipping its customer service team.
CaddieNow is currently active at more than 110 private golf clubs and resorts, using in aggregate over 5,000 caddies located in 13 States. With the caddie and golf labour market expected to reach US$2 billion in size by 2025, CaddieNow says it’s well positioned to support this growth.
CaddieNow pairs golfers with caddies, protects and preserves existing caddie programmes at top-tier clubs and resorts, and protects the occupation of caddying to elevate the standards of caddie services.
Founded in 2015 and headquartered outside Washington, DC, its mission is to grow the game of golf through youth caddies and make them widely available and easily accessible to golfers of all skill levels.