Topgolf Entertainment Group is a multinational sports-entertainment company operating golf entertainment venues globally. The company offers a unique experience combining high-tech golf bays with gaming, food and beverage service, live entertainment, events spaces, and membership programs. Topgolf utilizes proprietary Toptracer technology for ball-tracking and gamification, and operates 148+ venues across North America, Europe, Asia, and the Middle East. As of January 2026, 60% of the company is owned by private equity firm Leonard Green & Partners, with Topgolf Callaway Brands (now Callaway Golf Company) retaining a 40% minority stake.
Topgolf Entertainment Group has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2000
Employees
11,800–12,200
Total Funding
$3B
5 rounds
Latest Valuation
$2.7B
Mar 1, 2021
Laid off hundreds of employees across US venues (~5 per venue) following the LGP majority-stake deal.
Post-buyout cost cutting signals near-term margin pressure, not distress.
Appointed David McKillips as CEO effective Feb 23, 2026, succeeding Artie Starrs.
New PE-owner-installed leadership, consistent with the subsequent restructuring.
Closed sale of 60% Topgolf/Toptracer stake to Leonard Green & Partners at ~$1.1B enterprise value.
New majority owner and ~50% valuation reset from the 2021 Callaway merger mark.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $3B across 5 rounds
Last updated 09-16-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 2021 | Acquisition (Callaway all-stock merger) | $2.7B | $2.7B | Callaway Golf Company |
| Dec 26, 2017 | Series E (Late-stage) Press release | Not disclosed | — | Fidelity Investments |
| Sep 13, 2016 | Debt facility | $275M | — | JPMorgan Chase Bank |
David McKillips
Chief Executive Officer
Erin Chamberlin
President and Chief Operating Officer
Susana Arevalo
Chief Financial Officer
Jay Spears
Chief Information Officer
Jon Olsen
General Counsel
Scott Blevins
President and General Manager, Toptracer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Drive Shack
Golf entertainment venue operator offering interactive golf games, dining, and social entertainment across multiple locations
GolfSuites
Golf entertainment venue with high-tech gamified golf, outdoor climate-controlled suites, cocktails, and dining in a more golf-centric format than traditional golf entertainment
BigShots Golf
All-in-one sporting venue with interactive golf games and Doppler radar technology; acquired by Topgolf in October 2023 for $29M
Swingers
Golf-themed entertainment venue blending cocktail bars, street food, and indoor crazy golf with immersive experiences for social and corporate events
Dave & Buster's Entertainment
Restaurant and entertainment business with large arcade section; competes for similar audience seeking social, active entertainment experiences
X-Golf America
Virtual golf entertainment centers offering indoor golf simulation and related golf entertainment services
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