COMPANY INFO
Teamworks Innovations, Inc., founded in 2006 by Zach Maurides and Mitch Heath, is a privately held software development company headquartered in Durham, North Carolina. With around 350 employees, Teamworks provides a unified technology platform known as The Operating System for Sports™ that empowers athletes and their support teams by streamlining talent acquisition, operations, and performance development in sports organizations.
Teamworks Innovations, Inc., founded in 2006 by Zach Maurides and Mitch Heath, is a privately held software development company based in Durham, North Carolina. With approximately 450 employees, Teamworks operates in the business/productivity software industry. The company provides a unified technology platform, branded as The Operating System for Sports™, empowering athletes and their teams by streamlining talent acquisition, operations, and performance development for sports organizations worldwide.
Teamworks funding history showcases its impressive growth trajectory and focus on technological innovation in the sports and tactical sectors. Over the years, Teamworks has raised a total of $165 million across six distinct funding rounds. The company’s strategy has involved securing capital from leading venture capital firms at key milestones, with funds strategically allocated to platform expansion, technological advancements, and global market growth. Teamworks’ investors—renowned for backing high-potential software ventures—have played a pivotal role in accelerating product development, scaling operations, and supporting mergers and acquisitions.
This round was aimed at further developing Teamworks’ platform and expanding its user base, supporting continuous innovation across the company’s suite of sports technology solutions.
The Series E round focused on accelerating Teamworks' global expansion, enhancing its platform offerings, and supporting mergers and acquisitions to broaden its reach in the sports and tactical markets.
Funds from the Series D round were used to accelerate product development and facilitate Teamworks’ expansion into new markets.
The Series C funding was directed at scaling Teamworks’ operations and investing in new technologies to meet evolving client needs.
This round enabled Teamworks to enhance its product offerings and support ongoing growth initiatives.
Teamworks' Series A provided the capital needed to expand the platform’s capabilities and increase market penetration.
Dragoneer Investment Group played a significant role as the lead investor in the Series E round, helping propel Teamworks' rapid global expansion and supporting strategic initiatives in mergers and acquisitions.
Delta-v Capital led Teamworks' Series C and D rounds, providing essential funding to scale operational capabilities, invest in emerging technologies, and drive product development.
General Catalyst was a key partner for the Series B round, backing Teamworks as it enhanced its platform and undertook critical growth initiatives in the sports technology market.
Seaport Capital was the lead investor during Teamworks' Series A, furnishing early-stage capital that enabled the platform to expand its core capabilities and penetrate new markets.
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