Teamworks Raises $235M in Oversubscribed Series F Financing Led by Dragoneer Investment Group

Teamworks, a leading sports technology company that provides an Operating System for Sports™ to elite sports teams globally, has secured a substantial $235 million in an oversubscribed Series F financing round. Dragoneer Investment Group, a returning investor, led the funding, resulting in a pre-money valuation exceeding $1.0 billion. The investment will be instrumental in advancing AI-powered solutions across professional, collegiate, and Olympic sports programs, consolidating Teamworks' position as the global leader in sports technology.

CEO and Founder Zach Maurides expressed that the funding will accelerate the company's data science capabilities, shaping the future of AI in sports. Teamworks has established itself as a premier sports technology provider across four key pillars, offering a comprehensive platform that unifies talent acquisition, athlete development, game preparation, and operational excellence. The investment comes at a time when Teamworks' operating system is the preferred technology for collegiate and professional teams globally, including the NFL, MLB, Premier League, NBA, MLS, NHL, DI NCAA athletic departments, and numerous Olympic federations.

Christian Jensen, Partner at Dragoneer Investment Group, emphasized Teamworks' unmatched leadership in sports technology and their remarkable execution, product expansion, and growth trajectory. The funding will enable Teamworks to accelerate the development of AI-powered solutions across all product categories, expand its data science team, and enhance AI-driven insights for athletes, coaches, and administrators. CFO Kyle Charters highlighted that the funding provides significant resources to invest in innovation and world-class talent, aligning with customers' evolving ambitions.

Teamworks, founded in 2004, powers over 6,500 sports teams and military organizations worldwide, continually evolving to meet the complex needs of modern high-performance environments. Dragoneer Investment Group, with over $25 billion under management, has a flexible mandate to invest in high-quality businesses in public and private markets, seeking attractive returns while maintaining a focus on capital preservation and margin of safety.