Teamworks, the Working System for Sports activities™ powering greater than 6,500 elite sports activities groups globally, right now introduced it has secured $235 million in an oversubscribed Collection F financing led by returning investor Dragoneer Funding Group.
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This newest spherical, which closed at a pre-money valuation exceeding $1.0 billion, will gas the corporate’s mission to advance AI-powered options throughout skilled, collegiate, and Olympic sports activities packages, cementing Teamworks’ place because the main sports activities expertise firm globally.
“This important funding validates our imaginative and prescient of making probably the most complete expertise ecosystem in sports activities,” mentioned Zach Maurides, CEO and Founding father of Teamworks. “From our origins in communication and scheduling, to constructing the defining working system for sports activities, this funding positions us to speed up our knowledge science capabilities and to form the way forward for AI in sports activities.”
Teamworks has established itself because the premier supplier of sports activities expertise throughout 4 key pillars, delivering a platform that drives profitable by unifying expertise acquisition, athlete improvement, sport preparation, and operational excellence in a single highly effective ecosystem:
Personnel:
For entrance workplace and personnel workers to drive expertise identification, acquisition, and improvement that helps construct championship-caliber groups.
Efficiency:
For built-in efficiency groups to ship evidence-based, customized, and coordinated care that will increase availability and readiness to compete.
Teaching:
For teaching workers to streamline sport preparation by bringing video, data-driven insights, and reporting into one highly effective and mobile-friendly platform.
Operations:
For organizational leaders to streamline communication, logistics, and administrative features throughout total organizations, connecting and empowering workers and gamers.
The funding comes at a time when Teamworks’ working system is already the popular expertise for collegiate {and professional} groups globally, together with 100% of NFL, 90% of MLB and Premier League, 87% of NBA, 83% of MLS groups, 81% of NHL groups, 99% of DI NCAA athletic departments, and 65+ Olympic federations throughout 24 international locations.
“Teamworks is the unrivaled chief in sports activities expertise, delivering crucial options which can be indispensable to organizations throughout the sports activities ecosystem,” mentioned Christian Jensen, Associate at Dragoneer Funding Group. “All through our partnership, we’ve witnessed firsthand their outstanding execution, product enlargement and progress trajectory. Their improvements in expertise acquisition, participant improvement, gameday preparation, digital banking, and operational expertise create a market-leading end-to-end expertise. We’re excited to be part of Teamworks’ subsequent chapter as they proceed to remodel how sports activities organizations function.”
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This funding, a mix of main and secondary, will allow Teamworks to speed up improvement of AI-powered options throughout all 4 product classes by increasing its world-class knowledge science staff and enhancing AI-driven insights that ship smarter, quicker decision-making for athletes, coaches, and directors. It should additionally allow Teamworks to reinforce its market-leading platform performance by way of improved knowledge unification throughout merchandise, deeper integration with key associate applied sciences, and a consolidated cell app that delivers real-time alerts and context-aware suggestions powered by its best-in-class machine studying and knowledge science capabilities.
“Our clients select to associate with us not solely as a result of we’re a secure, dependable firm that for 18+ years has continued to ship premium options, however as a result of we proceed to evolve proper alongside them,” mentioned Kyle Charters, CFO of Teamworks. “Because the sports activities panorama adjustments and as our clients’ ambitions develop, this milestone gives important sources to put money into innovation and world-class expertise that may assist them succeed.”
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