GolfSuites is a U.S. golf entertainment company that develops and operates technology-enabled driving range and indoor simulator venues combining ball-tracking gamified golf with food, beverage, and event hospitality. Its venues feature climate-controlled hitting bays, full-service restaurants and bars, lessons, and private event space, targeting both casual social visitors and serious golfers. Founded in 2016 and led by Chairman & CEO Gerald (Jerry) Ellenburg, GolfSuites has operated outdoor 'eatertainment' facilities in markets such as Tulsa/Jenks (OK), Baton Rouge (LA) and Lubbock (TX), and is pivoting toward an indoor simulator 'City Club' lounge model intended for franchising. The company has raised capital primarily through successive SEC Regulation A offerings open to retail investors, and counts original Shark Tank shark Kevin Harrington among its senior board advisors and major shareholders.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
51–200
Total Funding
$26.95M
4 rounds
Total raised $26.95M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Corporate Note Offering
Date
November 8, 2025
Amount
Corporate note offering at 14.95% annual interest
Valuation
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| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| November 8, 2025 | Corporate Note Offering | Corporate note offering at 14.95% annual interest | — | |
| February 2024 | Regulation A (Round 4) | Open offering: targeting $5M-$60M; ~$8.9M sold through 6/30/2024 | — | |
| May 10, 2022 | Regulation A (Round 3) | ~$3.61M | — |
Gerald D. Ellenburg
Chairman & CEO
Ryan Koenig
Chief Development Officer
Kevin Harrington
Senior Board Advisor
Sean O'Shea
Investment Banking Advisor
Brian Harrington
Board Advisor
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Topgolf
Largest global golf entertainment operator (subsidiary of Topgolf Callaway Brands) with 100+ tech-enabled driving range venues; the category-defining competitor.
Drive Shack
Multi-level golf entertainment venue operator with climate-controlled hitting bays, food and beverage, and game-based play targeting families and seasoned golfers.
BigShots Golf
Open driving-range entertainment concept with ball-tracking, food and drink; acquired by Topgolf Callaway Brands in 2023.
Puttshack
Tech-enabled indoor mini-golf entertainment chain with patented scoring tech, upscale food and beverage; well-funded private competitor in adjacent off-course golf category.
Five Iron Golf
Urban indoor golf simulator venue operator combining TrackMan/simulator bays with food, beverage and event space; direct comp to GolfSuites' indoor 'City Club' pivot.
PopStroke
Tiger Woods-founded mini-golf and food-and-beverage entertainment chain backed by TaylorMade, competing for off-course golf entertainment spend.
No. GolfSuites is a private company and does not have a public stock ticker or trade on a public stock exchange. Its shares are generally held by founders, employees, investors, and other private shareholders. Buyers and sellers may be able to transact in GolfSuites shares through private secondary transactions, but any transaction depends on share availability, buyer and seller agreement, transfer restrictions, company approval rights, and any applicable right of first refusal. There is no guarantee that GolfSuites will complete an IPO or other liquidity event.
Yes, it is sometimes possible to buy GolfSuites shares pre-IPO through private secondary transactions. This depends on finding a willing seller, company approval, and satisfying any transfer restrictions or rights of first refusal.
Buyers interested in buying GolfSuites shares on the secondary market typically do so through SetterVC and other secondary-market platforms, subject to eligibility requirements, share availability, transfer restrictions, and issuer approval. Buyers may need to satisfy sophistication, accreditation, institutional, platform, regulatory, or other eligibility requirements before participating. Once eligible, buyers may be able to view listings, make bids, and work with a licensed broker through the transaction process. Buyers should ensure they have appropriate legal and financial advisors guiding them before completing any transaction.
GolfSuites's latest disclosed funding round was a Corporate Note Offering round in November 8, 2025. The round raised approximately Corporate note offering at 14.95% annual interest. Primary funding rounds are different from secondary transactions: in a primary round, capital goes to the company, while in a secondary transaction, investors buy existing shares from current shareholders. Funding-round data reflects publicly reported or collected information and may be incomplete.
GolfSuites has raised approximately $26.95M in disclosed funding across 4 rounds. These figures reflect primary capital raised by the company and do not include every possible secondary transaction, undisclosed round, debt facility, or private transfer. Reported funding totals can change as new rounds are announced or older round details are corrected. Eligible users can use SetterVC to track GolfSuites's funding history alongside private-market activity where available.
GolfSuites's most-cited competitors include Topgolf, Drive Shack, BigShots Golf, Puttshack, Five Iron Golf and PopStroke. Investors often compare these companies by sector, product focus, valuation, funding raised, growth signals, investor base, and private-market activity.
Secondary-market demand for GolfSuites shares can be affected by company performance, revenue growth, profitability, funding history, valuation, investor interest, sector momentum, public-market conditions, expected timing of a liquidity event, and the availability of shares for sale. Demand can also be affected by transfer restrictions, company approval rights, right of first refusal processes, limited information, and the price expectations of buyers and sellers. Strong demand does not guarantee strong pricing, liquidity, or investment returns. Weak demand does not necessarily reflect the company's long-term prospects. Demand signals should not be treated as a recommendation or prediction of investment performance. Buyers and sellers should treat demand signals as informational and conduct their own diligence before transacting.
Sellers often rely on intermediaries and platforms, such as SetterVC and other secondary-market platforms, to identify potential buyers. The exact process varies by company and transaction, but sellers often begin by confirming their ownership, desired price, transferability, and any company approval or notice requirements. If the seller agrees with a buyer on acceptable price and terms, the company may need to be notified through a share transfer notice or similar process. If a right of first refusal, company approval right, or other transfer restriction applies, the seller may need to wait until that process is completed. The parties may then execute a purchase and sale agreement, complete required transfer documentation, and close if all required conditions are satisfied. Sellers should always seek proper legal and financial advice before completing the transaction.
Yes, current and former GolfSuites employees, early investors, and other existing shareholders may be able to sell vested shares before an IPO through a private secondary sale. This is not automatic; it depends on whether the shareholder has transferable shares, whether there is buyer demand, and whether the company's governing documents permit the transfer. Many companies require prior notice, company approval, or a right of first refusal before shares can be sold. Sellers should also seek proper legal and financial advice before proceeding.
A GolfSuites secondary transaction usually involves an existing shareholder selling shares to a buyer before a public listing. The buyer and seller typically agree on price, number of shares, share class, and closing conditions. The seller may then need to notify GolfSuites through a share transfer notice or similar process. If GolfSuites or existing investors have approval rights, transfer restrictions, or a right of first refusal, those steps may need to be completed before the transfer can close. The parties typically enter into a purchase and sale agreement, complete any required transfer documentation, and close only if the necessary conditions are satisfied. Timing and certainty can vary by company and transaction.
In most private secondary transactions, parties commonly use a purchase and sale agreement that outlines price, terms, and conditions. They may also use share transfer documentation, often a stock transfer notice, share transfer notice, transfer instruction, or similar document, along with any required company approval or right of first refusal materials. Proof of ownership, such as a cap table entry, share certificate, brokerage statement, issuer confirmation, or administrator confirmation, may also be important. Buyers often request recent company financials, but private companies may limit disclosure. Since every deal varies, buyers and sellers should consult legal and financial advisors to understand which documents are needed.
Buying GolfSuites shares pre-IPO is risky. Shares are illiquid, no IPO or liquidity event is guaranteed, valuations can change, transfers may require company approval, and private companies may provide limited financial disclosure. Be prepared for total loss. SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, verify information, and seek independent legal and investment advice before proceeding.
Private secondary shares are typically illiquid. Unlike public stocks, there is no active public market, so selling them can be difficult and time-consuming. Sales depend on finding a willing buyer and often require company approval. Investors should be prepared to hold the shares for an extended period, with no guarantee of a future sale. Always assess your need for liquidity before investing.
SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, including verifying ownership, transferability, legal structure, company approval, and assessing the company's prospects. SetterVC and Setter Capital do not provide advice on whether an investment is good, what price to pay, or what the best bid or ask is. SetterVC and Setter Capital may share documents in some circumstances, but it does not guarantee their accuracy or completeness. Due diligence is essential. Seek legal and investment advice as needed.
Before buying GolfSuites shares, a buyer should try to review the share class, price per share, implied valuation, transfer restrictions, ROFR process, company approval rights, seller ownership evidence, recent financing or tender-offer information, available financial information, information rights, resale restrictions, tax considerations, and expected liquidity paths. Not all information may be available for a private company. Buyers should confirm available diligence, process details, and information needs with their own legal, tax, and investment advisers.
SPVs carry risks. Examples include the need to confirm the company allows SPV-based transfers, verify that the SPV truly owns the shares or interests it claims to own, and ensure it has not sold more interests than it holds. Due diligence is essential. Seek legal and investment advice as needed.
Forward contracts carry risks. Examples include the seller refusing to transfer the shares at the future date, even if the seller owns them, the seller going bankrupt with creditors claiming the shares, or the seller committing the same shares to multiple parties. Due diligence is essential. Seek legal and investment advice as needed.
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