Selkirk Raises $30M at $200M Valuation, Setting Stage for International Expansion

“We’re not only trying to build the largest pickleball company,” CEO Mike Barnes said. “We're trying to build a world-class sports company." Selkirk Sport, one of pickleball’s most recognized equipment brands, just took a major step in scaling its business.

The company announced a $30 million growth equity investment from New York-based Bluestone Equity Partners, reports Forbes, marking Selkirk’s first outside capital raise and valuing the business at about $200 million .

Founded in 2014 by the Barnes family — brothers Mike (31), Rob (33) and Tom (29) along with their father, Jim — Selkirk has grown from making 25 paddles a day to a fully vertically integrated brand that manufactures paddles, balls, nets, shoes and apparel both overseas and in the U.S.

Selkirk products are widely available online and through mass retailers like Target, Costco and Amazon.

Since 2019, Selkirk’s revenue has reportedly increased by 1,900 percent .

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An eye toward international expansion Selkirk expects to generate at least $100 million in revenue this year and has expanded to more than 200 full-time and part-time employees .

The Barnes family still runs the company — Mike and Rob as co-CEOs, Jim as president, and Tom heading research and development.

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