Teamworks Raises $235m To Accelerate AI-Powered Innovation
Teamworks, the Operating System for Sports™ powering more than 6,500 elite sports teams globally, has announced it has secured $235 million in an oversubscribed Series F financing led by returning investor Dragoneer Investment Group.
This latest round, which closed at a pre-money valuation exceeding $1.0bn, will fuel the company’s mission to advance AI-powered solutions across professional, collegiate and Olympic sports programmes, cementing Teamworks’ position as the leading sports technology company globally.
“This significant investment validates our vision of creating the most comprehensive technology ecosystem in sports,” said Zach Maurides, CEO and Founder of Teamworks.
“From our origins in communication and scheduling, to building the defining operating system for sports, this funding positions us to accelerate our data science capabilities and to shape the future of AI in sports.”
Teamworks has established itself as the premier provider of sports technology across four key pillars, delivering a platform that drives winning by unifying talent acquisition, athlete development, game preparation, and operational excellence in one powerful ecosystem:
Personnel:
For front office and personnel staff to drive talent identification, acquisition, and development that helps build championship-caliber teams.
Performance:
For integrated performance teams to deliver evidence-based, personalised, and coordinated care that increases availability and readiness to compete.
Coaching:
For coaching staff to streamline game preparation by bringing video, data-driven insights, and reporting into one powerful and mobile-friendly platform.
Operations:
For organisational leaders to streamline communication, logistics, and administrative functions across entire organisations, connecting and empowering staff and players.
The investment comes at a time when Teamworks’ operating system is already the preferred technology for collegiate and professional teams globally, including 100% of NFL, 90% of MLB and Premier League, 87% of NBA, 83% of MLS teams, 81% of NHL teams, 99% of DI NCAA athletic departments, and 65+ Olympic federations across 24 countries.
“Teamworks is the unmatched leader in sports technology, delivering critical solutions that are indispensable to organisations across the sports ecosystem,” said Christian Jensen, Partner at Dragoneer Investment Group.
“Throughout our partnership, we have witnessed firsthand their remarkable execution, product expansion and growth trajectory. Their innovations in talent acquisition, player development, gameday preparation, digital banking, and operational technology create a market-leading end-to-end experience.
“We’re excited to be a part of Teamworks’ next chapter as they continue to transform how sports organisations operate.”
This funding, a combination of primary and secondary, will enable Teamworks to accelerate development of AI-powered solutions across all four product categories by expanding its world-class data science team and enhancing AI-driven insights that deliver smarter, faster decision-making for athletes, coaches, and administrators.
It will also enable Teamworks to enhance its market-leading platform functionality through improved data unification across products, deeper integration with key partner technologies, and a consolidated mobile app that delivers real-time alerts and context-aware recommendations powered by its best-in-class machine learning and data science capabilities.
“Our customers choose to partner with us not only because we’re a stable, reliable company that for 18+ years has continued to deliver premium solutions, but because we continue to evolve right alongside them,” said Kyle Charters, CFO of Teamworks.
“As the sports landscape changes and as our customers’ ambitions grow, this milestone provides significant resources to invest in innovation and world-class talent that will help them succeed.”
