Teamworks Valuation, Funding & Investors
Teamworks is valued at $1.5B as of April 2026.
Last Teamworks valuation
$1.5B
Undisclosed stage · Apr 2026
Last Teamworks funding round
Undisclosed stage
Amount undisclosed · Apr 2026
Cumulative funding Teamworks raised
$403M
across 7 funding rounds
Key investors in Teamworks
General Catalyst
Seaport Capital
Dragoneer
Hg
Teamworthy Ventures
Delta-v Capital
About Teamworks
Teamworks is an American sports software company headquartered in Durham, North Carolina, that sells an enterprise platform it calls the Operating System for Sports. Its applications cover communication and scheduling, recruiting and player personnel evaluation, compliance, nutrition, strength and conditioning, athlete wellness, game strategy and video, combining SaaS workflows with proprietary data and AI analytics; acquisitions have added INFLCR, ARMS Software, Smartabase, Zelus Analytics, Telemetry Sports, Sportlogiq and the enterprise business of Pro Football Focus. The company says it serves more than 7,000 elite sports organisations worldwide, including every NFL, NHL and Premier League team, 90% of MLB clubs, 87% of NBA teams, 99% of NCAA Division I athletic departments and more than 65 Olympic federations in 24 countries, and it earns revenue mainly from software subscriptions. Teamworks was founded in 2004 by chief executive Zach Maurides. In June 2025 it raised a $235 million Series F led by Dragoneer Investment Group at a pre-money valuation above $1 billion. In April 2026 Hg led a further growth investment, joined by AllianceBernstein, that more than doubled Hg's total investment to $200 million and lifted Teamworks' valuation above $1.5 billion.
Founded
2004
HQ
Durham, NCWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.5B (Apr 2026)
Teamworks Valuation
Teamworks is currently valued at $1.5B, based on its undisclosed-stage round in April 2026. Read the announcement ↗
The round was led by Hg, with participation from AllianceBernstein.
Teamworks' valuation has grown 71x from $21M at its Series A in July 2016 to $1.5B in April 2026, across 3 priced rounds.
Teamworks valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2026 | Undisclosed stage | $1.5B |
| Jun 2025 | Series F | $1.2B |
| Jul 2016 | Series A | $21M |
Teamworks Funding History
Teamworks has raised a total of $403M across 7 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) | - | - | Hg, the European software and services investor, led a growth investment in Teamworks announced on 28 April 2026 that more than doubled Hg's total investment in the company to USD 200 million. Global asset manager AllianceBernstein also participated, and the round lifted Teamworks' valuation above USD 1.5 billion, a material increase on the more than USD 1 billion valuation of its June 2025 Series F led by Dragoneer. Alongside its capital, Hg said it would give Teamworks access to its AI product incubation programme, Hg Catalyst, and other AI and data platforms used across its portfolio. Teamworks said the funding would help it embed AI across its platform and connect data and decision-making across sports organisations, and it planned further international expansion, including in Japan. The Durham, North Carolina-based company describes itself as the operating system for sports and serves more than 7,000 elite sports organisations with software for communication, scheduling, compliance, recruiting, athlete performance, nutrition and player personnel. It has grown through acquisitions including Zelus Analytics, Telemetry Sports, Sportlogiq and the enterprise business of Pro Football Focus. Teamworks was founded by Zach Maurides, a former Duke football player, and earlier raised capital from Seaport Capital, General Catalyst, Delta-v Capital and Dragoneer. |
| Apr 2026 | Undisclosed stage | Hg (lead); AllianceBernstein | - | $1.5B | Hg, the European software and services investor, led a growth investment in Teamworks announced on 28 April 2026 that more than doubled Hg's total investment in the company to USD 200 million. Global asset manager AllianceBernstein also participated, and the round lifted Teamworks' valuation above USD 1.5 billion, a material increase on the more than USD 1 billion valuation of its June 2025 Series F led by Dragoneer. Alongside its capital, Hg said it would give Teamworks access to its AI product incubation programme, Hg Catalyst, and other AI and data platforms used across its portfolio. Teamworks said the funding would help it embed AI across its platform and connect data and decision-making across sports organisations, and it planned further international expansion, including in Japan. The Durham, North Carolina-based company describes itself as the operating system for sports and serves more than 7,000 elite sports organisations with software for communication, scheduling, compliance, recruiting, athlete performance, nutrition and player personnel. It has grown through acquisitions including Zelus Analytics, Telemetry Sports, Sportlogiq and the enterprise business of Pro Football Focus. Teamworks was founded by Zach Maurides, a former Duke football player, and earlier raised capital from Seaport Capital, General Catalyst, Delta-v Capital and Dragoneer. |
| 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. |
| 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?
19 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 |
|---|---|---|---|---|
| Cambridge, MA | 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 | |
![](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} David Robinson | San Antonio, TX | 1 | Participant | Jun 2022 |
| Dallas, TX | 1 | Participant | Jun 2022 | |
| Reggie Love | Washington, DC | 1 | Participant | Apr 2020 |
| St Louis, MO | 1 | Participant | Apr 2020 | |
| Jessica McDonald | United States | 1 | Participant | Jun 2022 |
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Start Free TrialAcquisitions by Teamworks
Teamworks has acquired 14 companies to date.
Last acquisition by Teamworks was on October 7th 2026. Teamworks acquired Atrium Sports for $170M.
Latest Acquisitions by Teamworks
| Pro Football Focus (B2B unit) | |||||
| Description | Atrium Sports was a sports technology company that captured, produced and distributed live video and data for basketball and other sports, and which in 2020 became Synergy Sports. Its platform combined automated camera-based video production with statistics feeds so that teams, leagues and federations could stream games, cut highlights and analyse performance at lower cost, and in 2019 it partnered with the International Basketball Federation on FIBA Connected Stadium, an end-to-end system for capturing, enhancing, producing and distributing live video. In 2019 it acquired the Belgian automated-video company Keemotion and, in December, Synergy Sports Technology, the video and analytics provider used by the NBA, MLB and NCAA teams, in a deal that created a combined business valued at about US$100 million and came with a further US$60 million of investment led by Todd Boehly's Eldridge Industries and Elysian Park Ventures. Nick Maywald was its chairman. In September 2020 the three businesses were merged under the Synergy Sports name, serving more than 4,000 clients with over 400 staff in 35 countries, and in March 2021 Sportradar agreed to acquire Synergy Sports. The company earned subscription and licensing fees from clubs, leagues, federations and media partners. | Pro Football Focus (B2B unit) is the enterprise business of Pro Football Focus (PFF), the American football data company based in Cincinnati, Ohio, which sells proprietary game-event data and analytics to professional and college football organisations. PFF's analysts watch, chart and grade every player on every play of every NFL and major college game, grading each play from -2 to +2 and converting the results into 0-100 position ratings, and they record data not captured by standard statistics, such as how often individual offensive linemen allow pressure. The enterprise unit licenses this data and its analytics platform to teams for scouting, game strategy, personnel and planning; it is used by every NFL team and more than 240 Division I college programmes, as well as sports-media outlets and agents. PFF was founded in the United Kingdom by Neil Hornsby, who began grading players in 2004 and launched the site in 2007, and broadcaster Cris Collinsworth bought a majority interest in 2014 and moved operations to Cincinnati. In March 2026 Teamworks, the Durham, North Carolina, sports-software company, acquired the enterprise business; Collinsworth became an adviser to Teamworks and he and PFF's minority investors became Teamworks shareholders, while PFF's consumer business for fans remained independent at PFF.com. | Sportlogiq is a Canadian sports-analytics company based in Montreal that uses computer vision and machine learning to turn game video into player-tracking and event data. Its platform tracks gameplay from video to give teams detailed data and analysis for talent evaluation, scouting, game preparation and player development, and its data are also used in broadcast booths. Hockey is its core market: the company says its platform is used by 97% of NHL teams and serves more than 220 clients worldwide, including North American and European professional hockey leagues, NCAA hockey programmes, IIHF member federations and some soccer clubs, which pay for its data and analytics. It was founded by former Canadian Olympic figure skater Craig Buntin and chief technology officer Mehrsan Javan, with early backing from the Montreal venture studio TandemLaunch. By early 2026 it had 80 employees, including 10 AI researchers with more than 180 published papers and patents, and Mitchell Wasserman was chief executive. In January 2026 it was acquired for an undisclosed price by Teamworks, the Durham, North Carolina-based sports operations software company, which had already used Sportlogiq's tracking and event data in its Intelligence models and combined the two to build a complete hockey data and analytics platform. | Telemetry Sports is an American football analytics company based in Indianapolis, Indiana, founded and led by Jeremy Hochstedler. It applies computer vision, machine learning and player tracking to game film and tracking data to measure what players and schemes do on every snap, and it delivers the resulting data and tagged video to coaches, scouts and personnel executives. Its products support recruiting, scouting, opponent preparation, coaching and game planning, and by 2025 it was used by 80% of NFL teams and 20% of Power 4 college football programmes. Teams license the platform, so the company earns recurring software and data revenue. On June 6, 2025 Teamworks, the Durham, North Carolina sports operations software company serving more than 6,500 elite organisations, acquired Telemetry Sports as its entry into coaching software. The whole Telemetry team joined Teamworks, where its data feeds Teamworks Football Intelligence (formerly Zelus Analytics) and its video tools form the basis of the new Teamworks Coaching platform for the NFL and college football. | |
| HQ Country |  | |  | | |
| HQ City | Brussels | Cincinnati | Montreal | Indianapolis, IN | |
| Deal Date | 7 Oct 2026 | 29 Mar 2026 | 15 Jan 2026 | 6 Jun 2025 | |
| Valuation | $170M | $135M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Teamworks Competitors
Teamworks competitors include listed companies like Weaver Network and Bandwidth, and private ones like Intercom, Mural, Podium and WNBA Enterprises.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $1.3B | - | |
| San Francisco, CA | Private | $125M | - | $2B | 16.0x | |
| Salt Lake City, UT | Private | $100M | - | $3B | 30.0x | |
| New York | Private | - | - | $1B | - | |
 China | Publicly listed | $344M | $44M | $1.5B | 3.7x | |
| United States | Publicly listed | $754M | $39M | $1.5B | 2.1x |
Teamworks Public Comps
Teamworks is still privately-owned, but its public comps include Weaver Network, Bandwidth, Teamviewer, SoundHound, Tanla Platforms, Montnets, Cybozu, Pexip, Cannae Holdings and Juventus FC.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $344M | $44M | 4.0x | 3.7x | 31.4x | 24.8x | |||
| $754M | $39M | 2.5x | 2.1x | 48.2x | 15.8x | |||
| $835M | $301M | 2.7x | 2.6x | 7.5x | 6.3x | |||
| $169M | $19M | 9.9x | 7.4x | 90.0x | (23.3x) | |||
| $464M | $76M | 1.5x | 1.5x | 9.3x | 8.6x | |||
| $392M | ($17M) | 2.4x | - | (53.7x) | - | |||
| $237M | $83M | 3.3x | 2.9x | 9.5x | 8.7x | |||
| $118M | $29M | 6.4x | 5.4x | 25.8x | 17.2x | |||
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Common questions about Teamworks
| When was Teamworks founded? | Teamworks was founded in 2004. |
| 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 $1.5B in its undisclosed-stage round in April 2026. |
| How much funding has Teamworks raised? | Teamworks has raised $403M across 7 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 9 others. |
| Which companies are comparable to Teamworks? | Companies comparable to Teamworks include Intercom, Mural, Podium, WNBA Enterprises, Weaver Network and Bandwidth. |
| How many companies has Teamworks acquired? | Teamworks has acquired 14 companies, including Atrium Sports, Pro Football Focus (B2B unit), Sportlogiq, Telemetry Sports and Basepath. |
| What was the largest acquisition by Teamworks? | The $170M acquisition of Atrium Sports in October 2026 is the largest acquisition Teamworks has made to date. |
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