Teamworks raises USD$235M at more than $1B valuation

Teamworks, Durham’s North Carolina-based talent acquisition, operations, and performance platform for sports organisations, has successfully closed a Series F funding round, securing USD$235 million (AUD$361 million).

This latest investment round, led by Dragoneer Investment Group, a San Francisco-based firm with a portfolio including tech giants like Airbnb and Spotify, pushes Teamworks’ pre-money valuation beyond $1 billion.

Articulating the company’s strategic vision, stating that the investment validates our vision of creating the most comprehensive technology ecosystem in sports, founder and CEO of Teamworks, Zach Maurides, emphasised that the funding will allow Teamworks to “amplify its data science capabilities and further its goal of shaping the future of AI in the sports industry.”

This indicates a clear intent to be a leader in the technological evolution of sports management and performance.

This capital raise signals strong investor confidence in the sports technology sector, particularly in platforms that integrate advanced analytics and operational efficiencies.

Notably, Teamworks conducted this funding round without engaging an external bank for advisory services, indicating an internal capability for managing substantial capitalisation efforts.

The newly acquired funds are earmarked for several strategic initiatives: accelerating the development of artificial intelligence (AI) tools across its product categories, expanding its dedicated data science team, and enhancing overall platform functionality.

This focus on AI and data science underscores a clear strategy to deepen the platform’s analytical capabilities and refine its offerings for high-performance sports environments.

Teamworks provides a broad platform covering personnel, performance, operations, and coaching for over 6,500 sports teams globally.

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