June 14, 2022

Teamworks Closes $50 Million Financing Led by Delta-v Capital

DURHAM, NC – [June 14, 2022] – Teamworks, an enterprise SaaS company serving collegiate and professional sports organizations globally, has announced a Series D led by Delta-v Capital. The round includes participation from Seaport Capital, General Catalyst, Teamworthy Ventures, Blossom Street Ventures, Afia Capital, and over 30 current and retired professional athletes, including 2-time NBA Champion, Hall of Famer, and 1995 MVP with the San Antonio Spurs, David Robinson; quarterback for the Atlanta Falcons and 2014 Heisman Trophy winner, Marcus Mariota; and forward for Racing Louisville FC and 2019 World Cup Champion with the USWNT, Jessica McDonald. 

This latest round further strengthens Teamworks' undisputed position as the Operating System for Sports™. Teamworks offers the only fully-integrated technology experience for elite sports organizations, combining its own best-in-class software across multiple product categories with an open platform that allows third-party software providers to fully integrate with the Teamworks Hub to provide a seamless experience across their customers’ entire tech stack. By completing its Series D financing round, Teamworks is equipped to drive performance and innovation within its current product portfolio, expand into new product categories, and continue to solidify its role as the operating system powering the digital transformation of sports. 

“This round enables us to build and acquire the very best technology solutions for our customers,” said Zach Maurides, Founder and CEO of Teamworks. “We’ve attracted some of the most talented people in the world to come work at Teamworks since our Series C. We’ve completed a full modernization of our core technology platform and added hundreds of exceptional clients. Completing this round of financing enables us to find, recruit, and fund the very best sport tech entrepreneurs to come build at and with Teamworks. One login. One relationship. One platform. This is the future of Teamworks – the future of sports technology – and it looks incredible.” 

This round of financing brings Teamworks’ total funding to over $100 million, with previous rounds led by Delta-v Capital, General Catalyst and Seaport Capital. In 2019, Teamworks acquired INFLCR, the premier brand-building tool for athletes, which has also become the leading NIL platform in collegiate athletics. In 2021, Teamworks acquired Notemeal, the performance nutrition platform that’s impacting the entire sports industry by saving dietitians hundreds of hours of manual effort per year, fueling players for peak competitive performance, and significantly reducing food waste and cost for a number of world-class performance kitchens.

“Since our first investment two years ago, we have been tremendously impressed with Teamworks’ dedication to the needs of their customers and their relentless drive to innovate. Teamworks has become the clear, market-leading software platform upon which elite sports teams run their day-to-day operations.  The sports industry is seeing a rapid acceleration in the adoption of technology, and with this financing, Teamworks is poised to capitalize on the immense opportunity in front of them as they continue to build and integrate additional products.  We are excited to deepen our partnership with Teamworks’ amazing management team and their roster of leading teams across collegiate and professional sports,” said Dan Williams, Partner at Delta-v Capital.  

About Teamworks

Teamworks, the Operating System for Sports™, powers more than 5,000 sports organizations around the world, including collegiate athletic departments and teams across all of the major professional leagues. With U.S. offices in Durham, Birmingham, and Boston and employees in 25 states and eight countries, Teamworks’ software solutions drive the operations of the most recognizable sports properties in the world. For more information about Teamworks, visit www.teamworks.com/future.

About Delta-v Capital

delta-v defined: n., the total ‘effort’ required to change from one trajectory to another 

Delta-v Capital is a leading provider of growth equity and liquidity solutions with approximately $1.5 billion in assets under management. Since 2009, Delta-v has partnered with exceptional management teams and shareholders of market-leading technology businesses. Delta-v targets between $3 and $30 million investments across a variety of technology sectors, including: enterprise and vertical software, cybersecurity, DevOps, cloud services, data analytics, information services, and wellness & lifestyle tech. Delta-v has offices in Boulder, CO and Dallas, TX. For more information, please visit deltavcapital.com.

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