THANK YOU FOR SUBSCRIBING
Teamworks, the leading athlete engagement platform for collegiate and professional organizations, has raised $25 million in Series C round of financing led by Delta-v Capital
Fremont, CA: Teamworks, the leading athlete engagement platform for collegiate and professional organizations, has raised $25 million in Series C round of financing led by Delta-v Capital. The round witnessed participation of few more new investors, including Afia Capital, a private investment platform backed by professional athletes, and Stadia Ventures, a global sports innovation hub for entrepreneurs, industry partners, and many more. Returning investors participating in the round include Seaport Capital, DUMAC, General Catalyst, Steve Pagliuca, and Reggie Love.
It is expected that the latest round of financing will allow Teamworks to maintain its momentum and global expansion rate. The organization has partnered with companies from four continents over the last year, adding to the more than 3,000 teams worldwide that leverage the platform to engage their athletes.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
"In this environment, we know the need for strong communication, strategic risk management, and meaningful preparation is vital," said Zach Maurides, CEO and Founder of Teamworks. "Now more than ever, we see how Teamworks empowers organizations to be successful, throughout any circumstances. We're thrilled to partner with Delta-v and use these resources to deepen our commitment to athletes and those who serve them," added he.
[vendor_logo_first]Teamworks partners with more than 2,000 Division I teams; nearly half of teams in the NFL, MLB, NHL, and NBA; collegiate and professional conferences; and national governing bodies. Organizations use Teamworks to operate efficiently and effectively by streamlining communication, scheduling, file sharing, and travel, ultimately allowing athletes, coaches, and staff to eliminate time wasted on logistics.
"We believe that sports is an emerging frontier for software adoption, and Teamworks is at the center of that wave providing the market-leading platform for collaboration and engagement with athletes," said Dan Williams, Partner at Delta-v Capital. "Before this pandemic, Teamworks' customers raved about their product, but like Zoom, it has become even more mission-critical at a time when sports organizations are operating in a remote environment. We are excited to partner with Teamworks and their amazing team on this next phase of growth."
The newly raised investment brings Teamworks' total funding to more than $45 million, with previous rounds led by General Catalyst and Seaport Capital. In the last year, Teamworks joined forces with INFLCR, the premium social media content delivery platform in sports. They gained recognition as a Triangle Business Journal's Best Places to Work for the second year in a row.
Inner Circle Sports, a boutique investment bank focused on the global sports and media industry, served as a financial advisor to Teamworks.
Check out: Top Sports Tech Solution Companies
More in News