2025 Revenue
$3M(Est.)
Customers
200(Est.)
Funding
$8M
YOY
100%
Team · 2023
20
Founded
2023
Podplay Revenue & Funding (2025)
Podplay generated an estimated $3M in annual revenue in 2025. Source: Interview estimate
Podplay is a vertical SaaS platform that provides club management software and hardware to racket sport venue operators, primarily pickleball and table tennis clubs. The company charges monthly SaaS fees on a per-court basis, offering tiers that range from software-only to a fully autonomous mode that includes door access, security cameras, and remote monitoring. As of late 2025, Podplay reported approximately $3 million in contracted ARR across more than 200 locations and over 2,000 courts on the platform.
Podplay grew out of PingPod, a network of autonomous table tennis clubs founded in 2019 by Max Koeghler, David Silverman, and Ernesto Eguin. The technology stack that now powers Podplay was originally built to run PingPod's contactless, staffless club model. Podplay was formally incorporated as a wholly owned subsidiary in summer 2023, began taking outside customers that same summer, and was spun out as a standalone entity in August 2025 ahead of its own Series A fundraise.
The company closed an $8 million Series A in October 2025 led by Frontier Growth, a vertical SaaS-focused investor that has been active in the sector since 1999. Co-founder Ben Borden leads go-to-market strategy and spoke with Nathan Latka in December 2025.
Last updated
Podplay Revenue
Podplay generated an estimated $3M in annual revenue in 2025.
Podplay reported approximately $3 million in contracted ARR as of the December 2025 interview, with co-founder Ben Borden telling Nathan Latka the figure was approaching that level. The company serves more than 200 locations and more than 2,000 courts on the platform.
Year-over-year growth was described as triple digits, with Borden pegging it between 100% and 200%. The predecessor operating business, PingPod, generated revenue in the hundreds of thousands of dollars in 2020 from a single location, with average revenue per hour used of approximately $30 across all pricing tiers, which ranged from $20 to $50 per hour, and utilization running at 60 to 70 percent on a 24-hour basis.
Podplay did not disclose a specific prior-year ARR figure that would allow a precise dollar-amount growth calculation.
Founder / CEO
Ben Borden
Co-Founder
Ben Borden is a co-founder of Podplay and leads go-to-market strategy. He is not identified as CEO in the transcript or known people data. Elliot Rifkin is also named as a co-founder and leads the technical team. Max Koeghler is a co-founder of PingPod and the person Borden describes as his longtime business partner. PingPod was originally founded in 2019 by Max Koeghler, David Silverman, and Ernesto Eguin.
Before Podplay, Borden and Koeghler co-managed a hedge fund that reached several hundred million dollars in assets under management at its peak, which Borden described as a success. Borden also served as a seed investor in startup hedge funds earlier in his career, including the first fund run by Mike Cagney, who later founded SoFi and became chairman of Figure Technologies. Borden was working at Figure Technologies, a blockchain holding company, prior to joining PingPod full time. Figure Technologies went public in September 2025.
Elliot Rifkin, the technical co-founder, spent the bulk of his career at digital agency RGA, where his major projects included the Equinox mobile booking app and the Nike Plus running app. Borden noted that approximately 90 percent of the Podplay tech team has ties to those two projects, reflecting a deliberate hiring strategy of reassembling engineers, product managers, and designers Rifkin worked with previously. Net worth for any founder was not discussed in the interview.
Customers
Podplay had more than 200 locations signed on the platform as of the December 2025 interview, with more than 2,000 courts in total. The average number of courts per location was trending toward approximately 10, up from lower levels earlier in the company's history.
Pricing is structured on a per-court, monthly SaaS fee basis. Software-only clients typically have between 2 and 6 courts and pay in the lower tiers. Hardware-enabled clients, which represent more than 60 percent of the customer base, carry higher average contract values, with the host noting figures closer to $10,000 per year for those clients, though Borden did not confirm a precise ACV figure for hardware clients on the record. Borden described average revenue per location as sitting around $10,000 to $15,000 annually across the base.
City Pickle, which operates the pickleball facility at Central Park in New York City, was named as an early launch partner and lighthouse client. A free tier was not discussed in the interview.
Podplay serves 200 customers.
Podplay Business Model
Podplay generates revenue through monthly SaaS fees charged on a per-court basis. The company offers three tiers: software-only, software plus hardware, and a fully autonomous mode that adds door access control, security cameras, and remote monitoring by a team based in the Philippines. More than 60 percent of clients are in hardware-enabled tiers.
Software-only clients typically go live within one to two months of signing. Hardware-enabled clients face a lead time of four to six months due to a more involved onboarding process and a backlog on the hardware side. Borden described the business model as competing on ROI rather than price, with value drivers including enabling new revenue lines for clubs such as sponsor-monetized video replays, reducing labor overhead, and improving user experience.
Profitability at the Podplay level was not discussed in the interview. The company's stated approach to growth includes a virality component tied to video replay features that customers share on social media, as well as a founder brand and building-in-public strategy that Borden pursues through LinkedIn posts and the Podplay blog. The average revenue per hour used across PingPod's operating locations in 2020 was approximately $30, with pricing ranging from $20 to $50 per hour depending on pod type.
Point-in-time figures shared on the GetLatka podcast, each linked to the exact moment it was said on camera.
Customers (2025)
200(Est.)
“Ben Borden: We are kind of approaching 3,000,000 in contracted ARR. We have a little over 200 locations signed up on the platform.”
Watch at 13:31Podplay Employees & Team Size
Podplay's tech team is led by co-founder Elliot Rifkin. Borden noted that approximately 90 percent of the technical team has ties to the Equinox mobile booking app and Nike Plus running app projects at agency RGA, reflecting a concentrated hiring strategy built around Rifkin's prior network. A total headcount figure for Podplay was not disclosed in the interview. PingPod's autonomous club model operates without full-time on-site employees at individual locations, with remote monitoring handled by a team in the Philippines for clients on the autonomous tier.
Podplay employs approximately 20 people as of 2023.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Reached 20 employees (December 2023) | Not recorded |
Frequently Asked Questions about Podplay
What is Podplay's revenue?
As of 2025, Podplay generated an estimated $3M in annual revenue.
Who founded Podplay?
Podplay was founded by Ben Borden.
When was Podplay founded?
Podplay was founded in 2023.
How much funding does Podplay have?
Podplay raised $8M across 1 round.
How many employees does Podplay have?
As of 2023, Podplay had 20 employees.
Where is Podplay headquartered?
Podplay is headquartered in New York, New York, United States.
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Full Interview Transcripts
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Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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