Teamworks Raises $235 Million at Over $1 Billion Valuation

Teamworks is a privately held software company that offers an integrated platform designed to streamline operations, communication, and athlete engagement for sports organizations. Its comprehensive suite of tools supports areas such as logistics, recruiting, compliance, nutrition, and performance development. Teamworks serves a broad range of clients, including college and professional sports teams, Olympic committees, national sports federations, and military or tactical units.

Teamworks has raised $235 million in a Series F round led by Dragoneer Investment Group, reaching a $1.2 billion valuation. The fresh funding will fuel the company's mission to advance AI-powered solutions across professional, collegiate, and Olympic sports programs, cementing Teamworks' position as the leading sports technology company globally.

Teamworks, headquartered in Durham, North Carolina, United States, was founded in 2009 by Mitch Heath, Shaun Powell, and Zachary Maurides. "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."