Overview
- Bluestone Equity Partners invested $30 million through its $300 million debut fund, Bluestone Capital I, with partner Walker Brumskine set to join Selkirk’s board.
- Selkirk plans to use the capital for international expansion with a focus on Asia, deeper product and technology development, and potential acquisitions.
- The Barnes family retains operational control, with Mike and Rob Barnes as co-CEOs, Jim Barnes as president, and Tom Barnes leading research and development.
- The company is profitable, expects at least $100 million in 2026 revenue, employs more than 200 people, and reports roughly 1,900% revenue growth since 2019.
- The deal comes as pickleball participation continues to surge, Nike signed top pro Anna Leigh Waters, and Bluestone signals interest in additional complementary investments in the sport.