What is Teamworks?
Founded in 2006 and headquartered in Durham, North Carolina, Teamworks develops and delivers collaboration software tailored for athletic organizations. The platform is designed to enhance information sharing and streamline communication for athletic teams, departments, and organizations across various levels. By centralizing communication and operational data, Teamworks aims to improve efficiency and performance for its clients in the competitive sports landscape. The company's focus on specialized software solutions for the athletic sector positions it as a key player in sports technology.
How much funding has Teamworks raised?
Teamworks has raised a total of $403.1M across 7 funding rounds:
Private Equity
$6.3M
Series B
$15.3M
Series C
$25M
Series D
$50M
Series E
$65M
Series F
$235M
Private Equity
$6.5M
Private Equity (2016): $6.3M, investors not publicly disclosed
Series B (2018): $15.3M led by General Catalyst
Series C (2020): $25M supported by General Catalyst, Seaport Capital, Afia Capital, Delta-v Capital LLC, Stadia Ventures, and DUMAC
Series D (2022): $50M featuring Teamworthy Ventures, Delta-v Capital, Afia Capital, Seaport Capital, and General Catalyst
Series E (2023): $65M backed by Dragoneer Investment Group
Series F (2025): $235M with participation from Dragoneer Investment Group
Private Equity (2025): $6.5M, investors not publicly disclosed
Key Investors in Teamworks
Dragoneer Investment Group
Founded in 2012 and headquartered in San Francisco, California, Dragoneer Investment Group is a company that provides investment services to both public and private clients, often focusing on growth-stage technology companies.
General Catalyst
General Catalyst operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages, deploying capital strategically to back entrepreneurs and management teams pursuing ambitious visions.
Seaport Capital
Seaport Capital is a lower middle-market buyout firm specializing in investing in communication infrastructure and services, business and information services, and media companies, targeting private companies with significant EBITDA.
What's next for Teamworks?
The recent major strategic investment in Teamworks signals a strong confidence from its backers in the company's future trajectory and market potential. This capital infusion is expected to fuel further innovation in its collaboration software, potentially expanding its feature set and enhancing its user experience. Strategic investments often indicate a focus on scaling operations, entering new markets, or developing advanced technological capabilities. Teamworks is likely to leverage this backing to solidify its leadership position, explore new partnerships, and continue its mission of revolutionizing how athletic organizations manage their operations and communications.
See full Teamworks company page
