What is Teamworks?
Founded and headquartered in Durham, North Carolina, Teamworks develops specialized collaboration software designed to enhance communication and information sharing for athletic teams, departments, and organizations. The platform aims to streamline operations and improve team performance by centralizing critical data and communication channels. Teamworks serves a broad spectrum of athletic entities across the country, positioning itself as a key technology partner in the sports industry.
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 Delta-v Capital LLC, DUMAC, Afia Capital, Seaport Capital, Stadia Ventures, and General Catalyst
Series D (2022): $50M featuring General Catalyst, Seaport Capital, Afia Capital, Teamworthy Ventures, and Delta-v Capital
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
General Catalyst
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. They partner with entrepreneurs to accelerate growth and build enduring enterprises, leveraging deep sector expertise and operational experience.
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. They focus on control-oriented investments and fostering long-term growth.
Stadia Ventures
Stadia Ventures is a global network connecting entrepreneurs, industry experts, and investors to drive transformation in the sports and esports sectors. They focus on identifying top startups and providing them with resources and strategic advantages.
What's next for Teamworks?
The substantial enterprise-level funding, including the recent major strategic investment, indicates Teamworks is in a significant growth phase, likely scaling its operations and expanding its market reach. This capital will likely be directed towards enhancing its software capabilities, potentially exploring new features for athlete performance tracking, fan engagement, or operational efficiency. The company's focus on the athletic sector, coupled with consistent financial backing, suggests a strategic roadmap aimed at solidifying its position as a leader in sports collaboration technology and potentially exploring adjacent markets or advanced analytics.
See full Teamworks company page
