Teamworks Secures $235 Million Funding to Lead Sports Tech Innovation
Teamworks Secures Major Investment to Propel AI Innovations
Oversubscribed Series F Financing Led by Dragoneer Investment Group
Teamworks, the premier operating system powering over 6,500 elite sports teams, recently announced it has successfully secured $235 million in its latest funding round. This oversubscribed Series F financing, led by the returning investor Dragoneer Investment Group, highlights the growing confidence in Teamworks' vision for the future of sports technology.
Closing at a pre-money valuation exceeding $1 billion, this investment will significantly bolster the company's mission to implement AI-powered solutions across various levels of sports, including professional, collegiate, and Olympic programs. The funding will firmly establish Teamworks as the go-to leader in sports technology innovation.
A Commitment to Sports Technology Leadership
According to Zach Maurides, CEO and Founder of Teamworks, "This significant investment validates our vision of creating the most comprehensive technology ecosystem in sports. From our beginnings in communication and scheduling to developing the ultimate operating system for sports, this funding positions us to accelerate our data science capabilities and design the future of AI in sports."
Teamworks has positioned itself as the leading provider of sports technology by focusing on four crucial pillars that drive success:
Personnel
This pillar equips front office and personnel staff with tools to identify, acquire, and develop talent, ensuring championship-caliber teams are built.
Performance
Integrated performance teams utilize data to deliver personalized care that enhances athletes’ readiness to compete.
Coaching
Coaching staff benefit from a streamlined process that consolidates video, data analysis, and insights into a single, accessible platform.
Operations
Organizational leaders can optimize communication, logistics, and administrative tasks across the board, creating a seamless connection among players and staff.
This funding comes during a pivotal time when Teamworks' operating system has become the preferred technology among collegiate and professional teams, boasting impressive adoption statistics. The figures reveal that 100% of NFL teams, 90% of MLB teams, 87% of NBA teams, and 65+ Olympic federations across 24 countries utilize their solutions.
Innovative Solutions for Modern Sports
Christian Jensen, Partner at Dragoneer Investment Group, commented on Teamworks' success: "Teamworks is the unmatched leader in sports technology, delivering vital solutions that are indispensable across the sports ecosystem. Our partnership has unveiled their remarkable execution and growth trajectory, confirming their market-leading status. We are thrilled to contribute to Teamworks' ongoing transformation in sports management."
This significant investment, comprising primary and secondary funding, will enable Teamworks to expand its capabilities in AI-powered solutions across all product categories. The focus will be on enhancing its world-class data science team and providing AI-driven insights, allowing for smarter decision-making for athletes, coaches, and administrators.
With this funding, Teamworks aims to enhance its platform functionality, improve data integration with partner technologies, and develop a consolidated mobile app that provides real-time alerts and context-aware recommendations powered by advanced machine learning and data science.
"Our customers partner with us because we are a reliable company that has provided premium solutions for over 18 years, and we evolve alongside them," said Kyle Charters, CFO of Teamworks. "As the landscape of sports transforms and customer ambitions expand, this milestone offers substantial resources to fuel innovation and attract top talent to help them thrive."
About Teamworks
Teamworks is recognized as the leading operating system for high performance, empowering over 6,500 sports teams and military organizations globally. Its suite of premier products facilitates winning by enabling data-driven talent acquisition, performance development, game preparations, and streamlined operations.
Founded in 2004, Teamworks has expanded its offerings through strategic acquisitions of companies such as INFLCR, ARMS Software, Smartabase, and more, which enhances its ability to meet the complex demands of modern, high-performance environments. Headquartered in North Carolina, Teamworks remains at the forefront of innovation in sports and human performance technology.
About Dragoneer Investment Group
Dragoneer Investment Group is a dynamic investment firm managing over $25 billion, committed to investing in high-quality businesses across both public and private sectors. With over a decade of successful partnerships with management teams, Dragoneer is focused on delivering attractive returns while preserving capital and ensuring operational safety. They have invested in notable companies, illustrating their commitment to collaborating with exceptional businesses globally.
CONTACT: [company email address]
Frequently Asked Questions
What is the purpose of Teamworks' recent funding?
The recent funding aims to enhance Teamworks' AI-powered solutions and expand its data science capabilities to lead innovation in sports technology.
Who led Teamworks’ Series F financing round?
The Series F financing round was led by Dragoneer Investment Group, a returning investor in Teamworks.
How many sports teams use Teamworks' platform?
Teamworks powers over 6,500 sports teams and military organizations worldwide, demonstrating its widespread adoption.
What are the four key pillars of Teamworks?
The four pillars include Personnel, Performance, Coaching, and Operations, all designed to enhance team management and success.
Where is Teamworks headquartered?
Teamworks is headquartered in North Carolina, continuing to innovate in sports and human performance technology.
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