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Teamworks Closes $65 Million Series E And Acquires Arms Software

Apr 12, 2023over 2 years ago

Amount Raised

$65 Million

DurhamInformation Technology

Investors

Dragoneer Investment Group

Description

Teamworks, an enterprise SaaS company serving elite sports and tactical organizations globally, has announced a Series E funding led by Dragoneer Investment Group, a San Francisco-based, growth-oriented investment firm. This recent round brings Teamworks' total funding to $115M in the last year and $165M overall, expediting its ability to innovate within the sports technology space and enhance its product integrations.

Company Information

Company

Teamworks

Location

122 EAST PARRISH STREET

Durham, North Carolina, United States

About

Teamworks is the proven operating system for high performance, powering more than 6,500 sports, military, and public safety organizations around the world. Available on a centralized and integrated platform, the Teamworks’ product suite provides specialized applications to support recruiting, development, management, individual branding, and community building. Based in Durham, North Carolina, and founded in 2004, Teamworks continues to expand its global presence with employees across ten countries and offices in London, England, and Brisbane, Australia.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech