Five Iron Golf Gets $20 Million Investment From Danny Meyer’s Equity Fund

To help fuel continued expansion and enhancement of its indoor golf experiences, Five Iron Golf has received a $20 million minority investment from the growth equity fund co-founded by restaurateur Danny Meyer, the founder and Chairman of Shake ShackSHAK +1.9% as well as the owner/operator of New York City restaurants like Union Square Café, Gramercy Tavern, and The Modern.

Five Iron Golf now has 24 U.S. locations, including a new flagship facility at Grand Central Station in New York City that has 15 golf simulators, two full-service bars, and lounge areas with activities such as air hockey, billiards, and shuffleboard. It’s the sixth NYC venue for the company, which originated in Manhattan in 2017 and has since expanded to Baltimore, Chicago, Cincinnati, Cleveland, Detroit, Indianapolis, Las Vegas, Philadelphia, Pittsburgh, Washington D.C. and Seattle.

Five Iron Golf is billed as an “urban golf experience” that combines golf, technology, and entertainment in an inclusive environment, allowing participants of all ages and skill levels to play, practice and party from early morning until late night.

Read more at Forbes.com