BATL closes Series A round, increases funding to $10 mln

Backyard Axe Throwing League (BATL), a Toronto-based urban axe throwing company, has raised an undisclosed Series A financing. The round, which brings BATL's total funding to more than $10 million, was arranged by Canadian investment bank FirePower Capital. The investors were not disclosed. Founded in 2006 by CEO Matt Wilson, BATL operates 14 venues across North America for the sport of axe throwing. To date, it has hosted more than 1.25 million visitors in leagues and private events. The company plans to expand its retail footprint to more than 100 locations by 2023.

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