Teamworks has raised a total of $398 million across multiple funding rounds, including a $235 million Series F round in June 2025, valuing the Durham, North Carolina-based sports tech company at $1.24 billion. Founded in 2004, Teamworks employs 261 staff members and provides technology solutions for team communication, operations, and performance management. With over two decades of growth, the company has reached unicorn status in 21 years and 5 months, backed by investors such as Dragoneer Investment Group and Delta-v Capital.
Keep reading to explore Teamworks’ funding journey, key investors, and what’s next for this innovative sports tech platform.
What Is Teamworks and What Does It Do?
Founded in 2004, Teamworks is headquartered in Durham, North Carolina, United States. The platform offers comprehensive sports technology solutions, encompassing team communication, operational management, and performance analytics. Teamworks serves professional and collegiate teams, helping coaches, athletes, and staff streamline workflows, improve communication, and optimize performance.
With a technology-first approach, the company empowers teams to stay coordinated, make data-driven decisions, and enhance overall efficiency across operations and training.
How Much Funding Has Teamworks Raised?
- Series F
- Amount Raised: $235M
- Date: June 2025
- Lead Investors: Dragoneer Investment Group, Delta-v Capital
- Valuation at Round: $1.24B
- Motivation: To scale the platform globally and support long-term growth.
Total Funding Raised: $398M
Latest Funding Date: June 2025
Key Investors
- Dragoneer Investment Group
- Details: Growth-focused investment firm supporting technology and high-growth companies.
- Investment Focus Areas: Technology, consumer, sports tech
- Notable Investments: Airbnb, Spotify, Robinhood
- Delta-v Capital
- Details: Venture capital firm investing in early- and growth-stage technology companies.
- Investment Focus Areas: Enterprise technology, sports tech
Where Is Teamworks’ Headquarters?
Teamworks is headquartered in Durham, North Carolina, United States, providing access to a hub of tech talent and investor networks to support innovation in sports technology.
What’s Next for Teamworks?
Teamworks plans to scale its platform globally, expanding adoption across professional and collegiate teams in the U.S. and internationally. The company aims to strengthen its technology and analytics capabilities, introducing new tools to enhance communication, performance tracking, and operational efficiency. Leveraging its unicorn status and investor backing, Teamworks is poised to drive further innovation, enhance user experience, and optimize team performance globally.
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