Latest news with #DragoneerInvestmentGroup
Axios
07-07-2025
- Business
- Axios
Durham sports startup hits $1B valuation
Teamworks, a Durham-based startup making software for professional and college sports teams, is now valued at $1 billion after raising new money from investors. Why it matters: The valuation would put Teamworks into the Triangle's small club of unicorn startups (startups with valuations of $1 billion or more) and comes at a time when funding rounds have been less plentiful than in recent years. Driving the news: Teamworks unveiled the valuation on Tuesday during a new $235 million funding round led by Dragoneer Investment Group. What it does: Founded in downtown Durham by former Duke offensive lineman Zach Maurides, Teamworks runs a software platform that helps sports teams manage their players' schedules, nutrition and even their online brand — a feature that has become popular in the era of NIL. The company says that more than 6,500 sports teams and military organizations worldwide use its software platform, including every NFL team, most Division I college athletic departments and 90% of MLB teams. The goal of the new funding round is to add more artificial intelligence-driven products using the massive amounts of data it has collected on athletes worldwide.
Straits Times
17-06-2025
- Business
- Straits Times
Sports software maker Teamworks valued at over $1 billion in latest funding round
Sports technology firm Teamworks said on Tuesday it was valued at over $1 billion after raising $235 million in a funding round led by Dragoneer Investment Group, as it looks to capitalize on the rise of analytics-driven strategies in sports. The trend toward data-driven decision-making in sports, popularized by Billy Beane of "Moneyball" fame, is fueling increased investment in analytics tools and partnerships, especially as U.S. universities take advantage of relaxed college athlete sponsorship rules. The latest round will help Teamworks advance its AI-powered offerings across professional, collegiate and Olympic sports programs. "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," said Kyle Charters, chief financial officer of Teamworks. The Durham, North Carolina-based company provides a unified platform for communication, operations and performance analytics to over 6,500 sports teams worldwide, including all NFL and most NBA teams, according to the company. Teamworks has expanded its offerings in recent years through acquisitions, including its entry into the coaching space with the purchase of Telemetry Sports earlier this month. The latest fundraise, which was a combination of primary and secondary, comes two years after Teamworks raised $115 million in its Series E round. Startups are opting to remain private for extended periods, securing larger sums in late-stage funding rounds as the recovery of public markets continues at a sluggish pace. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
CNA
17-06-2025
- Business
- CNA
Sports software maker Teamworks valued at over $1 billion in latest funding round
Sports technology firm Teamworks said on Tuesday it was valued at over $1 billion after raising $235 million in a funding round led by Dragoneer Investment Group, as it looks to capitalize on the rise of analytics-driven strategies in sports. The trend toward data-driven decision-making in sports, popularized by Billy Beane of "Moneyball" fame, is fueling increased investment in analytics tools and partnerships, especially as U.S. universities take advantage of relaxed college athlete sponsorship rules. The latest round will help Teamworks advance its AI-powered offerings across professional, collegiate and Olympic sports programs. "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," said Kyle Charters, chief financial officer of Teamworks. The Durham, North Carolina-based company provides a unified platform for communication, operations and performance analytics to over 6,500 sports teams worldwide, including all NFL and most NBA teams, according to the company. Teamworks has expanded its offerings in recent years through acquisitions, including its entry into the coaching space with the purchase of Telemetry Sports earlier this month. The latest fundraise, which was a combination of primary and secondary, comes two years after Teamworks raised $115 million in its Series E round.
Time of India
17-06-2025
- Business
- Time of India
Sports software firm Teamworks notches over $1 billion valuation in latest funding round
Sports software maker Teamworks said on Tuesday it was valued at over $1 billion in its latest funding round , which was led by California-based Dragoneer Investment Group , an existing investor. 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. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Reuters
17-06-2025
- Business
- Reuters
Sports software firm Teamworks notches over $1 billion valuation in latest funding round
June 17 (Reuters) - Sports software maker Teamworks said on Tuesday it was valued at over $1 billion in its latest funding round, which was led by California-based Dragoneer Investment Group, an existing investor. 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.
