RALEIGH – Triangle-based serial entrepreneur Rob Autry, and his latest company Swing Sports are one step closer to opening a 100,000 square-foot structure featuring 34 tennis courts, 29 pickleball courts, 12 paddle courts, four beach volleyball courts and 20 ping pong tables near Brier Creek.
An an SEC filing indicates that the company has raised $3,475,000 from 14 investors.
Autry, who is also the founder and former president of Vstrator and the founder and former owner of the first Cafe Carolina and Bakery, founded the organization in 2015.
The filing indicates that the company may raise additional capital, up to $1,525,000 more, and that funds raised will be used as working capital, including possible use as normal compensation paid to the company’s executive officers.
The raise includes debt and could also include an option, warrant, or other right to acquire another security, according to the filing.
wralSPORTSfan covered the company, which was previously known as Triangle Racquet Sports, Inc., in a September 2020 article describing the facility as a “tennis fanatic’s fantasy island.”
The facility is a public-private partnership with the City of Raleigh, and the first of this magnitude, according to wralSPORTSfan reporter Jared Fialko. WRAL.com has previously published a video about the facility.
