The Jolliffe brothers and a licensee developed the first three Topgolf locations in the United Kingdom beginning in 2000.
The U.S. licensee, with WestRiver Group as the lead investor, brought Topgolf to the U.S. in 2005 with the opening of Topgolf Alexandria. WestRiver Group was founded and is run by Erik Anderson, Co-Chairman and CEO of Topgolf International, Inc., dba Topgolf Entertainment Group (TEG).
As the company expanded, Callaway Golf Company (NYSE: ELY) became an investor in 2006 and Thomas Dundon in 2011. Also in 2008, the company was incorporated as Topgolf International, Inc.
In 2016, Topgolf International, Inc. created three new divisions: TEG (a DBA for Topgolf International, Inc.), Topgolf (the venues in the U.S. and U.K.), Topgolf International (the division focused on Topgolf’s international expansion) and Topgolf Media (the division focused on enhancing the Topgolf experience through advanced digital media, strategic partnerships and sponsorships). Additionally, in 2016, Providence Equity Partners made a sizable minority investment in TEG.
Today, WestRiver Group, Callaway, Dundon and Providence Equity are four of the lead investors in TEG.