Topgolf Entertainment Group

Dallas, Texas, United States Entertainment & Recreation Acquired

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.

Acquired

Topgolf Entertainment Group has been acquired

This company is no longer available on our private secondary market.

Overview

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

March 2021

Funding

Total raised $3B across 5 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Acquisition (Callaway all-stock merger)

Date

March 2021

Amount

$2.7B

Valuation

$2.7B

Lead Investors

Callaway Golf Company
DateRoundAmount RaisedValuationLead Investors
March 2021 Acquisition (Callaway all-stock merger) $2.7B $2.7B Callaway Golf Company
December 26, 2017 Series E (Late-stage) Not disclosed Fidelity Investments
August 2016 Debt facility $275M Not disclosed

Leadership

  • David McKillips

    Chief Executive Officer

  • Andrew Macaulay

    Chief Technology Officer

    LinkedIn

Competitors

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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