Teamworks, a globally recognized enterprise SaaS company catering to elite sports and tactical organizations, has disclosed a Series E funding led by Dragoneer Investment Group, a growth-oriented investment firm based in San Francisco.
With this recent funding round, Teamworks has raised a total of $115M in the last year and $165M overall, accelerating their potential to advance within the sports technology domain and improve their product integrations.
This funding will enable Teamworks to innovate and introduce advanced solutions to its customers.
“We look for category-defining businesses with innovative, customer-centric technology and a proven leadership team that operates in large, global markets,” said Christian Jensen, Partner at Dragoneer Investment Group. “Teamworks checks all those boxes and more. Their efficient and durable growth over the last several years is impressive. But what excites us most is their vision for an integrated platform that will fundamentally transform how sports and military organizations operate to support their athletes, service members, and staff.”
Teamworks, a leading sports management software company, has not only successfully concluded its Series E funding round but has also made a significant acquisition of ARMS Software. ARMS Software is a powerful tool used by more than 400 collegiate athletic departments for talent recruitment, compliance management, operational automation, and streamlining of camps.
This acquisition comes after Teamworks integrated four industry-leading companies, namely Smartabase, Retain, NextPlay, and Grafted, into their Operating System for Sports™.
With this addition, Teamworks has made a remarkable stride towards delivering a comprehensive compliance platform in a short span of time.
“Our ability to raise $65M in this economic environment speaks volumes to our leadership position in the market. The new capital will continue to fund M&A and expand our growth into new regions and new areas of elite human performance,” said Zach Maurides, Founder and CEO of Teamworks. “With the acquisition of ARMS, we bring together the two most trusted tech brands in collegiate sports. It’s an immediate game changer for our customers working to transform their operations and deliver an exceptional athlete experience. ARMS’ powerful workflow engine will have an impact beyond collegiate, with clear value to deliver for professional, Olympic, and military customer bases.
The acquisition marks another significant milestone in Teamworks’ mission to revolutionize sports technology by eliminating redundancy and enhancing efficiency in elite sports and military organizations.
With Hub, INFLCR, Notemeal, Whistle, Communities, Smartabase, Retain, Pulse, and ARMS integrated into their operating system, Teamworks has successfully digitized the athlete and service member lifecycle.
Furthermore, Teamworks’ operating system is an open platform that allows third-party software providers to integrate seamlessly.
