Sports software firm Teamworks notches over $1 billion valuation in latest funding round
The Durham, North Carolina-based company raised $235 million in its latest funding round, the company added.
Founded in 2004, Teamworks provides sport-specific predictive models and metrics to more than 6,500 sports teams globally.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
a few seconds ago
- Reuters
EU to ramp up retaliation plans as US tariff deal prospects dim
BRUSSELS, July 21 (Reuters) - The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats. An increasing number of EU members, including Germany, are now considering using wide-ranging "anti-coercion" measures which would let the bloc target U.S. services and other sectors in the absence of a deal, diplomats say. The European Commission, which negotiates trade agreements on behalf of the 27-member bloc, had appeared on course for a agreement in which the EU would still have faced a 10% U.S. tariff on most of its exports, with some concessions. Such hopes now seem dashed after President Donald Trump's threat to impose a 30% tariff by August 1, and following talks between EU Trade Commissioner Maros Sefcovic and U.S. counterparts in Washington last week. Sefcovic, who has said a 30% tariff would "practically prohibit" transatlantic trade, delivered a sober report on the current state of play to EU envoys on Friday, diplomats told Reuters. U.S. counterparts had come up with diverging solutions during his meetings, including a baseline rate that could be well above 10%, the EU diplomats added. "Each interlocutor seemed to have different ideas. No one can tell (Sefcovic) what would actually fly with Trump," one diplomat said. Prospects of easing or removing 50% U.S. tariffs on steel and aluminium and 25% on cars and car parts appear limited. Washington has also rejected the EU's demand for a "standstill" arrangement, whereby no further tariffs would be imposed after a deal is struck. The rationale, according to diplomats, is that Trump's hands cannot be tied on national security, the basis of Section 232 trade investigations into pharmaceuticals, semiconductors and timber. Accordingly, the mood has pivoted among EU countries, EU diplomats say, and they are more ready to react, even though a negotiated solution is their preferred option. The EU has one package of tariffs on 21 billion euros ($24.5 billion) of U.S. goods that is currently suspended until August 6. The bloc must still decide on a further set of countermeasures on 72 billion euros of U.S. exports. Discussions have also increased on using the EU's wide-ranging "anti-coercion" instrument (ACI) that allows the bloc to retaliate against third countries that put economic pressure on member states to change their policies. Brought in more with China in mind, it would allow the bloc to target U.S. services, limit U.S. companies' access to public procurement or financial services markets or restrict U.S. investment. France has consistently advocated using the ACI, but others have baulked at what some see as a nuclear option. Trump has warned he will retaliate if other countries take action against the United States. European Commission President Ursula von der Leyen said a week ago that the ACI was created for extraordinary situations, adding: "We are not there yet." The Commission would need a qualified majority of 15 countries making up 65% of the EU population to invoke it. It would not do so unless it was confident of passing it, but there are now growing signs of support building, with Germany among the countries saying it should be considered, EU diplomats say. ($1 = 0.8590 euros)
Scotsman
2 minutes ago
- Scotsman
Why the smart money is moving into hospitality - and backing Masutes Group
With inbound tourism forecast to exceed 43 million visits and £33.7 billion in overseas spend in 2025, the UK hospitality sector is poised for sustained growth. Domestic travel shows no sign of slowing either, with over 117 million overnight trips made by British residents in 2023 alone. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Tourism continues to drive economic output – directly contributing £58 billion – and today, the opportunity lies not just in occupancy, but in innovation. For hotel owners, guest house operators and property investors, the message is clear: demand is strong, and the potential to optimise and scale hospitality assets has never been more compelling. At the heart of this opportunity is Masutes Group, an ambitious, purpose-driven company fast becoming one of the most exciting growth stories and winning teams in the sector. Advertisement Hide Ad Advertisement Hide Ad Founded by Edinburgh-based entrepreneur Pav Masutes - whose background spans hospitality and banking - the Group is powered by an international team based across the UK, India, Dubai and the Philippines. Pav Masutes Masutes advises high-net-worth individuals and family offices on real estate and business strategy and is guided by a dynamic board of directors that now includes former Scotland rugby international Ben Toolis and Samuel Herbert, co-founder of the Group's serviced-accommodation platform mySTAYINN. Their combined expertise in finance, hospitality and international business further strengthens the Group's strategic vision and execution. Together, they lead Masutes Group across three core verticals: mySTAYINN – a fast-growing short-let hospitality brand built on a robust investment strategy Fifty-Twenty-Two – a consultancy and property investment firm supporting athletes and high net worths to build sustainable portfolios It's Not Just Coffee – an eco-minded coffee franchise with community values and bold scale-up ambitions mySTAYINN operates over 290 short-let properties across the UK and Europe, spanning sought-after city destinations, scenic coastal towns and rural escapes. More than just a management company, it's a boutique hospitality brand offering tech-enabled, guest-first stays with hotel-level standards from Cornwall, Bath and Bristol to Edinburgh, Inverness and the Isle of Skye. Advertisement Hide Ad Advertisement Hide Ad Pav Masutes and Team What started with 63 listings in its first six months has grown into a business generating £7.4 million in turnover, with an asset value of nearly £20 million. And this is just the beginning. In the next 36 months, mySTAYINN is projected to grow to 900+ listings, with turnover forecast to exceed £82 million by year four. This growth is built on disciplined operations, strong local teams, and rising demand from travellers seeking flexibility without compromise. Why partner with mySTAYINN? For hotel and guest house owners, the appeal is clear. mySTAYINN offers: Higher occupancy through dynamic pricing and multichannel listings Seamless operations – from housekeeping to guest communication Revenue uplift with reduced overheads A brand that balances operational performance with guest satisfaction Diversification drives resilience so with that Masutes' investment consultancy arm, Fifty-Twenty-Two, co-led by Ben Toolis, is a trusted advisor for athletes and entrepreneurs looking to diversify into property – bringing added credibility and investor interest. Advertisement Hide Ad Advertisement Hide Ad Meanwhile, It's Not Just Coffee is fast becoming a franchising success, with eight units open and a roadmap to 50+ locations. Together, these three businesses form a diversified, scalable portfolio balancing hospitality, investment and community-driven growth. Masutes Group is entering its next phase of expansion and opening conversations with new partners and investors. We're planning to host a private Investor Insight Briefing in Edinburgh soon – a chance to explore performance to date, upcoming opportunities, and how to get involved. We offer investors a diversified growth strategy across hospitality, coffee franchising, and athlete-led investments, we bring a strong leadership combining elite sport and entrepreneurship and deliver tech-enabled operations with local teams for scalable, quality delivery. If you're a hotelier, guest house owner or investor looking to align with a high-growth, values-led business, now is the time to connect.
Scottish Sun
2 minutes ago
- Scottish Sun
UK-led plan to build 4,000mph hypersonic plane ‘The Sabre' that flies on edge of space going from London to NY in 60mins
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) BRITAIN is leading plans to build a hypersonic plane that could fly on the edge of space and travel from London to New York City in 60 minutes. With a breakthrough design and cutting-edge technology, "The Sabre" will be able to fly at a speed of Mach 5 (4000mph) - which is five times the speed of sound. Sign up for Scottish Sun newsletter Sign up 6 Conmcept image shows what the aircraft could look like Credit: Fraser-Nash 6 It will fly on the edge of space and will also have horizontal takeoff capabilities Credit: Fraser-Nash 6 Plans launched by the European Space Agency (ESA) are to develop a fully reusable experimental aircraft that can fly at sustained hypersonic speeds Credit: YouTube And engineers are inching closer to putting the state-of-the-art machine in the skies - which could happen as early as 2031. The £6million plan to develop the jet of the future is called Invictus, which is being led by UK-based Frazer-Nash consultants. Plans launched by the European Space Agency (ESA) are to develop a fully reusable experimental aircraft that can fly at sustained hypersonic speeds. It will fly on the edge of space and will also have horizontal takeoff capabilities. This means that flying time from London to New York will be slashed from seven hours to just 60 minutes. The Invictus testing vehicle will be upgradable, allowing for the exchange of materials, software and propulsion systems between flight test campaigns. At the centre of the futuristic technology is a pre-cooler system, which has been tested for the Synergetic Air-Breathing Rocket Engine (Sabre). Sabre engines combine aspects of jet and rocket propulsion and can pull oxygen out of the air during flight at lower levels of Earth's atmosphere, increasing efficiency. While flying at speeds such as Mach 5, overheating and air friction are the main problems. Pre-cooler systems solve this problem, cooling "the air before it reaches the engine, allowing conventional aircraft engines to travel at hypersonic speeds," Frazer-Nash said in a statement. Watch moment hypersonic jet 'Quarterhorse' makes first flight in big step towards trips from London to NYC in 90 mins It is understood that over the next 12 months, the highly-skilled team at Invictus will finish the concept design and develop a full flight system for the aircraft to fly by 2031. Sarah Wilkes, chief at Frazer-Nash said: "INVICTUS is an exciting opportunity to provide advanced technology for space and advanced capabilities in defence. "With strong industry support and deep engineering and aerospace expertise, including Frazer-Nash colleagues with a decade of propulsion experience, we have all the right ingredients to make this ambitious vision a reality.' Tony Forsythe, Head of Space Technology at the UK Space Agency, added: 'This exciting project, made possible by our investments in the European Space Agency, has significant potential to build on advanced cooling and hypersonic propulsion technology developed by UK engineers over many years." Meanwhile, a hypersonic passenger jet which could take travelers from London to New York City in just one hour is set to arrive as "as soon as the 2030s". The Venus Stargazer is being developed by Venus Aerospace who revealed that it was planning a flight demo "later this summer". The company said that thanks to a Nasa-funded breakthrough, the "record-setting" engine system is nearly ready to try out for real. Venus hopes that its rocket engine will be able to blast passengers around the Earth in record time. "Stargazer M4 is Earth's first hypersonic, reusable aircraft," Venus Aerospace boasted. "No one has ever built a hypersonic platform that makes two-hour global transport cost-effective. Until now. Meanwhile, a massive plane dubbed the 'Skytanic' is set to take to the skies by 2030. The US is reportedly planning for a 'Son of Blackbird' jet that could become the world's fastest plane. And another hypersonic jet could whisk passengers from London to Sydney in just two hours. 6 The £6million plan to develop the jet of the future is called Invictus Credit: Fraser-Nash 6 It could fly at Mach 5 speed Credit: YouTube
