Callaway Golf completed a $30m investment in Five Iron Golf.

Callaway Golf, a firm that designs, manufactures, and sells golf clubs and golf balls, apparel, gear, and other products, completed a $30m investment in Five Iron Golf, an operator of an indoor golf facility. "We are pleased to announce our partnership with Five Iron Golf and are excited to support the continued growth of off-course golf and entertainment. Five Iron Golf has built a strong brand and leadership position in the evolving indoor golf market by creating technology-driven, eye-catching venues appealing to avid golfers, pure entertainment seekers, and everyone in between. This innovative business aligns with Callaway's belief that the future of golf will be more accessible and inclusive. The partnership includes a non-exclusive marketing agreement that provides Callaway the ability to continue to develop relationships with golfers wherever they engage with the sport and a valuable opportunity for strategic collaboration that will benefit both brands," Chip Brewer, Callaway President and CEO.