Expansion Funding of $20 Million Granted to Blue Jeans Golf for Growth of Golf Ranch Idea
Blue Jeans Golf, a golf investment and management company founded by Devin Charhon and Michael Canfield, former Topgolf employees, has announced the successful completion of its Series B fundraising round, led by Old Tom Capital and Creator Sports Capital. This investment will accelerate the company's growth and expansion plans, with the ultimate goal of transforming Golf Ranch into one of the largest driving range membership communities in the U.S.
The funds raised will be primarily used for site acquisition and development, enabling Golf Ranch to grow from its current 4 locations to as many as 12 by 2026. This expansion will also support the company's focus on building the "Golf Lite" category through strategic investment and innovation.
Old Tom Capital, a leading investor in the Golf Lite space, and Creator Sports Capital, known for backing Good Good Golf, believe this investment presents the most compelling profile in golf. Evan Roosevelt, managing partner of Old Tom Capital, described Golf Ranch as the clear category leader in Golf Lite. Meanwhile, Brian Kabot, co-managing partner of Creator Sports Capital, believes the intersection of content and community at physical locations is the future, and Golf Ranch is paving the way.
Golf Ranch transforms underutilized driving ranges into vibrant community hubs through a tech-enabled practice experience, modern branding, and membership-based model. The Ranch Pass membership system, priced at $20 per month, has already attracted over 8,000 active members across existing locations in Texas, Missouri, and Connecticut.
The company aims to cater to players who view golf as both a pastime and a practice. Old Tom Capital's recent white paper stated that the Golf Lite segment offers the highest margin, most scalable, and most underbuilt opportunity in golf today. This investment will enable Blue Jeans Golf to continue acquiring, preserving, and investing in community-anchored golf facilities across the U.S.
The Series B funding follows a recently closed $15 million debt facility. Canfield, the co-founder and CFO of Blue Jeans Golf, expects the investment to accelerate the company's path to growing to more than 50 Golf Ranch locations, with over 100,000 members. Old Tom Capital believes this community-driven, resilient, and scale-built investment profile is the future of golf.
The cities planned to be equipped with Golf Ranch locations to reach a total of 12 sites by the end of 2026 are not explicitly mentioned in the available search results. However, with this significant investment, it's clear that Blue Jeans Golf is poised to revolutionise the golfing landscape in the U.S. and beyond.
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