Garden Grove-based GolfGear International Inc., maker of the Tsunami driver club, has raised $10 million in funding.
The company, which is publicly traded on the low-profile Pink Sheets exchange, plans to use the money to increase production and sales and marketing.
“This infusion of capital will enable us to shift our operations into high gear,” said Peter H. Pocklington, chairman of GolfGear.
Pocklington owns part of several companies, including Meditron Medical Inc. of Quebec. He has bought and sold more than 50 companies.
To Canadians, Pocklington is best-known as the former owner of the Edmonton Oilers National Hockey League team that won five Stanley Cup championships under his leadership.
But his lasting legacy will be trading superstar Wayne Gretzky to the Los Angeles Kings in 1988 in the so-called “Deal of the Century.” Pocklington eventually sold the team. He lives in Indian Wells.
Cornell Capital Partners LP, which funds public companies with small market values, provided the funding.
GolfGear holds patents for what’s known as “forged insert technology” used in the production of golf clubs.
