In a recent funding round, Teamworks, a sports technology company based in Durham, NC, secured $235 million in Series F funding, achieving a valuation of over $1 billion. The investment was led by Dragoneer Investment Group, a returning investor in the company. With this new capital infusion, Teamworks plans to enhance its AI-powered solutions across all product categories, focusing on providing better decision-making tools for athletes, coaches, and administrators.
Under the leadership of CEO and Founder Zach Maurides, Teamworks offers a comprehensive platform that integrates talent acquisition, athlete development, game preparation, and operational excellence. The company’s technology is organized into four key pillars: Personnel, Performance, Coaching, and Operations. These pillars cater to different stakeholders within the sports industry, from front office personnel and coaches to organizational leaders, streamlining communication, logistics, and administrative functions across entire organizations.
By expanding its data science team and investing in AI-driven insights, Teamworks aims to further empower sports teams globally and drive success on and off the field. The company’s commitment to innovation and excellence in sports technology sets it apart as a leader in the industry, providing valuable solutions for teams looking to achieve championship-caliber performance.
