Teamworks Valuation, Funding & Investors
Teamworks is valued at $1.2B as of June 2025.
Last Teamworks valuation
$1.2B
Series F · Jun 2025
Last Teamworks funding round
Undisclosed stage
Amount undisclosed · Apr 2026
Cumulative funding Teamworks raised
$422M
across 8 funding rounds
Key investors in Teamworks
General Catalyst
Seaport Capital
Dragoneer
Hg
Teamworthy Ventures
Delta-v Capital
About Teamworks
Teamworks is a Durham-headquartered software provider for sports organizations, offering modules for scheduling, recruiting, compliance, nutrition tracking, and athlete wellness. The platform serves NCAA Division I conferences, NFL teams, and USA Cycling with integrations for video analysis.
Founded
2009
HQ
Durham, NCWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.2B (Jun 2025)
Teamworks Valuation
Teamworks is currently valued at $1.2B, based on its Series F in June 2025.
The $235M round was led by Dragoneer.
Teamworks' valuation has grown 59x from $21M at its Series A in July 2016 to $1.2B in June 2025, across 3 priced rounds.
Teamworks valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2025 | Series F | $1.2B |
| Jul 2024 | Undisclosed stage | $1.2B |
| Jul 2016 | Series A | $21M |
Teamworks Funding History
Teamworks has raised a total of $422M across 8 funding rounds, plus 1 secondary share sale.
Teamworks' first fundraising round was a $6M Series A in July 2016. The most recent completed round was a undisclosed-stage round in April 2026.
Teamworks funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Secondary | Hg (lead) | - | - | - |
| Apr 2026 | Undisclosed stage | Hg (lead) | - | - | - |
| Jun 2025 | Series F | Dragoneer (lead) | $235M | $1.2B | Teamworks, a Durham, North Carolina-based enterprise SaaS provider known as the Operating System for Sports, raised $235 million in an oversubscribed Series F round on June 17, 2025, led by returning investor Dragoneer Investment Group. The financing was completed at a pre-money valuation exceeding $1 billion, marking the company's unicorn status, with proceeds earmarked for accelerating AI and data science capabilities, product development across talent, performance, coaching, and operations suites, expanding the data science team, enhancing platform functionality with better data unification, partner integrations, and a unified mobile app featuring real-time alerts and machine learning-driven recommendations. This brings Teamworks' total funding to over $400 million, following a $65 million Series E in 2023 also led by Dragoneer. Teamworks powers more than 6,500 elite sports teams globally, including Major League Baseball's Boston Red Sox, Premier League's Chelsea, and New Zealand Rugby, offering an integrated platform for recruiting, athlete development, game preparation, digital banking, operational technology, and administrative tasks. The company has pursued aggressive expansion through acquisitions, including Smartabase, Retain, Grafted, and NextPlay in January 2023 to bolster human performance, athlete development, compliance, and alumni engagement, and more recently Telemetry Sports to enhance coaching and video offerings. Dragoneer Investment Group, a San Francisco-based firm managing over $25 billion with investments in high-profile companies like Airbnb, DoorDash, Meta, Roblox, Slack, Snowflake, Spotify, and Uber, highlighted Teamworks' execution, product innovation, and market leadership in sports technology. Christian Jensen, Dragoneer partner, emphasized the platform's end-to-end solutions as indispensable across the sports ecosystem. The round underscores Teamworks' position in the growing sports tech sector, focusing on AI-powered innovations to transform operations for sports organizations. |
| Jul 2024 | Undisclosed stage | - | $19M | $1.2B | Teamworks, headquartered in Durham, North Carolina and founded in 2009 by Zach Maurides, Mitch Heath, and Shaun Powell, is the leading sports technology platform known as the Operating System for Sports, powering over 6,500 elite teams globally including 100% of NFL teams, 90% of MLB and Premier League, 87% of NBA, 83% of MLS, 81% of NHL, 99% of DI NCAA athletic departments, and 65+ Olympic federations across 24 countries. The platform originated in communication and scheduling and has expanded into a comprehensive ecosystem with AI-powered solutions for professional, collegiate, and Olympic sports, offering data unification, machine learning insights, real-time alerts via mobile app, and integrations for athlete, coach, and administrator decision-making. On June 17, 2025, Teamworks closed an oversubscribed $235 million Series F round led by Dragoneer Investment Group with participation from returning investors like Delta-v Capital, achieving a post-money valuation of $1.2 billion according to one report or pre-money exceeding $1 billion per the company's PR. The mix of primary and secondary funding will accelerate AI innovations, expand the data science team, enhance platform functionality, deepen partner integrations, and support a consolidated mobile app with context-aware recommendations. This follows prior raises including $115 million Series E in 2023 and $50 million Series D in 2022, bringing total funding to around $398 million and cementing unicorn status after 16 years. Teamworks sustains 30%+ annual growth amid a $17 billion sports tech market projected to grow at 20% CAGR through 2030, driven by analytics like Moneyball strategies. It leads competitors such as Hudl (video analysis) and Stack Sports (youth focus) through its broad operating system approach. The round reflects investor confidence in mature sports tech firms despite longer venture timelines, positioning Teamworks for potential acquisitions in human performance or digital banking. |
| Apr 2023 | Series E | Dragoneer (lead) | $65M | - | Teamworks is a Durham, North Carolina-based enterprise SaaS provider offering the Operating System for Sports, a centralized platform with applications for recruiting, talent acquisition, athlete development, performance tracking, game preparation, coaching, operations, digital banking, and community building, serving over 6,500 elite sports teams globally including MLB's Boston Red Sox, Premier League's Chelsea, and New Zealand Rugby. The company raised a $65 million Series E round in April 2023 led by Dragoneer Investment Group to accelerate global expansion, enhance platform offerings, and support mergers and acquisitions. In January 2023, prior to the Series E, Teamworks acquired four sports-tech companies—Smartabase, Retain, Grafted, and NextPlay—to expand capabilities in human performance, athlete development, compliance, anonymous reporting, surveys, and alumni engagement. Dragoneer Investment Group, a San Francisco-based growth-oriented firm managing over $25 billion with investments in companies like Airbnb, DoorDash, Meta, Roblox, Slack, Snowflake, Spotify, and Uber, returned as lead investor for the Series E, continuing their partnership focused on Teamworks' execution, product expansion, and growth trajectory. The Series F funds AI and data science enhancements, product development across talent, performance, coaching, and operations suites, data unification, partner integrations, and a unified mobile app. Teamworks positions itself as the unmatched leader in sports technology, indispensable to professional, collegiate, and Olympic sports organizations, with innovations creating a market-leading end-to-end experience. Post-Series E developments include the June 2025 acquisition of Telemetry Sports to boost coaching and video offerings, further strengthening its platform amid competition in the sports-tech sector. |
| Jun 2022 | Series D | Delta-v Capital (lead); David Robinson; General Catalyst; Blossom Street Ventures; Teamworthy Ventures; Jessica McDonald; Seaport Capital; Afia Capital; Marcus Mariota | $50M | - | Teamworks is an enterprise SaaS company providing the Operating System for Sports, serving over 5,000 collegiate and professional sports organizations globally with integrated software for communication, scheduling, collaboration, and more, including acquisitions like INFLCR for athlete brand-building and NIL, and Notemeal for performance nutrition. On June 14, 2022, Teamworks closed a $50 million Series D financing round led by Delta-v Capital, with participation from General Catalyst, Seaport Capital, Teamworthy Ventures, Blossom Street Ventures, Afia Capital, and athletes including David Robinson, Marcus Mariota, and Jessica McDonald, bringing total funding over $100 million. The round aimed to drive product innovation, expand categories, pursue M&A, and capitalize on sports tech adoption. Delta-v Capital highlighted Teamworks' market leadership and parallels to successful vertical SaaS plays. Subsequent rounds included a July 2024 venture round of $18.8M and a June 2025 Series F of $235M at over $1B pre-money valuation led by Dragoneer. |
| Apr 2020 | Series C | Delta-v Capital (lead); General Catalyst; Reggie Love; DUMAC; Teamworthy Ventures; Stadia Ventures; Seaport Capital; Afia Capital; ScOp Venture Capital; Stephen Pagliuca | $32M | - | Teamworks is the leading athlete engagement platform and enterprise SaaS company serving collegiate and professional sports organizations globally, providing tools for team communication, operations, performance management, and acting as the Operating System for Sports with integrated software across multiple categories. In April 2020, Teamworks raised $25 million in a Series C round led by Delta-v Capital, with participation from new investors Afia Capital and Stadia Ventures, and returning investors including General Catalyst, Seaport Capital, DUMAC, Steve Pagliuca, and Reggie Love, bringing total funding to over $45 million. The financing aimed to support global growth, scale operations, invest in new technologies, and enhance communication, risk management, and preparation amid the pandemic, as the platform served over 3,000 teams worldwide. Delta-v Capital highlighted Teamworks' position at the center of software adoption in sports, noting its market-leading platform for athlete collaboration had become mission-critical in remote environments, similar to Zoom. Teamworks has since continued growth with subsequent rounds, including a $50 million Series D in June 2022 led by Delta-v Capital, bringing total funding over $100 million, and much later a $235 million Series F in June 2025 at over $1 billion pre-money valuation led by Dragoneer, but these are distinct from the 2020 round. |
| Mar 2018 | Series B | General Catalyst (lead) | $15M | - | Teamworks announced a $15.3 million Series B funding round in February 2018 led by new investor General Catalyst, with support from existing investor Seaport Capital. At the time of the round, the company served more than 2,000 organizations with communication and operations software for athletic teams and organizations. The funding was intended to support technology investment and team expansion to meet growing demand for the company's solutions. Post-money valuation and financial metrics for this round were not disclosed publicly. |
| Jul 2016 | Series A | Seaport Capital (lead); DUMAC; Circle Ventures; David Cummings | $6M | $21M | Teamworks raised $6 million in its Series A funding round in July 2016, led by Seaport Capital with participation from investors including Circle Ventures, David Cummings, and DUMAC. The post-money valuation for this round was $20.83 million. The funding aimed to expand the platform's capabilities and increase market penetration for Teamworks, a provider of communication and operations software for elite athletic organizations. Teamworks has since grown significantly, raising additional rounds including a $15.3 million Series B in 2018 led by General Catalyst with Seaport Capital's support, a $50 million round led by Delta-v Capital bringing total funding over $100 million, and a $235 million oversubscribed Series F in June 2025 at a pre-money valuation exceeding $1 billion led by Dragoneer Investment Group. The company powers more than 6,500 elite sports teams globally as the Operating System for Sports, offering integrated software for recruiting, development, management, branding, and community building, with acquisitions like INFLCR in 2019 and Notemeal in 2021 enhancing its offerings. |
Who has invested in Teamworks?
18 investors have backed Teamworks across its funding rounds, including General Catalyst, Seaport Capital, Dragoneer, Hg, Teamworthy Ventures and Delta-v Capital.
Lead investors include Hg, Dragoneer, Delta-v Capital, General Catalyst and Seaport Capital.
Teamworks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Lead | Mar 2018 | |
| New York City, NY | 3 | Lead | Jul 2016 | |
| San Francisco, CA | 2 | Lead | Apr 2023 | |
 London | 2 | Lead | Apr 2026 | |
| Durham, NC | 2 | Participant | Jul 2016 | |
| United States | 2 | Participant | Apr 2020 | |
| Boulder, CO | 2 | Lead | Apr 2020 | |
| New York City, NY | 2 | Participant | Apr 2020 | |
| San Francisco, CA | 1 | Participant | Jun 2022 | |
| Dallas, TX | 1 | Participant | Jun 2022 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Reggie Love | Washington, DC | 1 | Participant | Apr 2020 |
| St Louis, MO | 1 | Participant | Apr 2020 | |
| Jessica McDonald | United States | 1 | Participant | Jun 2022 |
This data is available for Pro users. Sign up to see all 18 Teamworks investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Teamworks
Teamworks has acquired 11 companies to date.
Last acquisition by Teamworks was on March 29th 2026. Teamworks acquired Pro Football Focus (B2B unit) for $135M.
Latest Acquisitions by Teamworks
| Pro Football Focus (B2B unit) | |||||
| Description | Pro Football Focus (B2B unit) is the enterprise division of Pro Football Focus, a sports analytics firm that grades NFL and college football players from film study. The unit supplies licensed performance data, scouting tools, and custom analytics to NFL teams, broadcasters, betting operators, and media companies. Subscriptions and data partnerships produce revenue in professional sports. | Telemetry Sports is an analytics provider for American football using machine learning and neural networks on NFL motion tracking data. Coaches access geospatial insights for player evaluation, game adjustments, and preparation. The Diamond Charts tool generates automated spray charts for college scouting, previously limited to pros. Services include performance modeling and concession forecasting for teams. | Basepath is a software platform managing name, image, and likeness (NIL) operations for college athletics. It automates deal tracking, contract generation, compliance monitoring, and payment processing for collectives, athletic departments, universities, and brands. Austin-based and launched in 2022, Basepath integrates with payment gateways like Stripe and university systems, serving over 50 Division I programs. The company streamlines workflows for athlete endorsements, reporting $500 million in facilitated NIL deals annually. | Kairos Sports Tech is a sports performance platform integrating scheduling, communications, and planning tools for elite teams and athletes. The system centralizes staff and player coordination to optimize training and competition preparation. | |
| HQ Country | - | | | | |
| HQ City | - | Indianapolis, IN | San Francisco, CA | Belfast | |
| Deal Date | 29 Mar 2026 | 6 Jun 2025 | 26 Nov 2024 | 16 Jan 2024 | |
| Valuation | $135M | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Teamworks acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Teamworks Competitors
Teamworks competitors include listed companies like Teamviewer and Bandwidth, and private ones like Intercom, Mural, Podium and WNBA Enterprises.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $400M | - | $1.3B | 3.2x | |
| San Francisco, CA | Private | $125M | - | $2B | 16.0x | |
| Salt Lake City, UT | Private | $100M | - | $3B | 30.0x | |
| United States | Private | - | - | $1B | - | |
 Germany | Publicly listed | $860M | $310M | $1.2B | 2.5x | |
| United States | Publicly listed | $754M | $39M | $1.6B | 2.3x |
Teamworks Public Comps
Teamworks is still privately-owned, but its public comps include Teamviewer, Montnets, Juventus FC, Cybozu, Bandwidth, Weaver Network, Pexip, Vercom, Truecaller and Ollamani.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $860M | $310M | 2.5x | 2.5x | 7.0x | 5.9x | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
| $602M | $125M | 2.1x | 2.2x | 10.1x | 10.3x | |||
| $241M | $84M | 3.4x | 3.1x | 9.8x | 9.2x | |||
| $754M | $39M | 2.7x | 2.3x | 51.2x | 17.3x | |||
| $341M | $43M | 4.4x | 4.2x | 34.6x | 28.3x | |||
| $118M | $29M | 6.6x | 5.7x | 26.6x | 18.6x | |||
| $125M | $34M | 5.9x | 5.2x | 21.8x | 18.2x | |||
This data is available for Pro users. Sign up to see all Teamworks competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Teamworks
| When was Teamworks founded? | Teamworks was founded in 2009. |
| Where is Teamworks headquartered? | Teamworks is headquartered in Durham, NC, United States. |
| Is Teamworks publicly listed? | No, Teamworks is a private, VC-backed company. |
| What is Teamworks' valuation? | Teamworks was last valued at $1.2B in its Series F in June 2025. |
| How much funding has Teamworks raised? | Teamworks has raised $422M across 8 funding rounds. |
| What was Teamworks' last funding round? | Teamworks' last funding round was a undisclosed-stage round in April 2026, led by Hg. |
| Who are Teamworks' investors? | Teamworks' investors include General Catalyst, Seaport Capital, Dragoneer, Hg, DUMAC, Teamworthy Ventures, Delta-v Capital, Afia Capital, David Robinson, Blossom Street Ventures and 8 others. |
| Which companies are comparable to Teamworks? | Companies comparable to Teamworks include Intercom, Mural, Podium, WNBA Enterprises, Teamviewer and Bandwidth. |
| How many companies has Teamworks acquired? | Teamworks has acquired 11 companies, including Pro Football Focus (B2B unit), Telemetry Sports, Basepath, Kairos Sports Tech and ARMS Software. |
| What was the largest acquisition by Teamworks? | The $135M acquisition of Pro Football Focus (B2B unit) in March 2026 is the largest acquisition Teamworks has made to date. |
See companies similar to Teamworks
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.