Teamworks Secures $235M at a $1B+ Valuation, Paving Way for AI Growth
Deal News | Jun 17, 2025 | PR Newswire Cision Teamworks
Teamworks, a leading sports technology company, has successfully raised $235 million in a Series F funding round led by Dragoneer Investment Group, pushing its valuation to over $1 billion. This infusion of capital will propel Teamworks' AI-powered innovations, strengthening its position in the global sports technology market. The funding will accelerate the development of comprehensive AI solutions across collegiate, professional, and Olympic sports programs. With its products already dominating the market, serving a significant share of NFL, MLB, Premier League, NCAA athletic departments, and Olympic federations, Teamworks is set to further enhance its platform's capabilities in data-driven talent acquisition, athlete development, game preparation, and operational excellence. Dragoneer, a major growth-oriented investment firm with a robust portfolio including household names like Airbnb and Uber, reiterates its confidence in Teamworks' potential to transform the sports ecosystem by leveraging cutting-edge technology.
Sectors
- Sports Technology
- Artificial Intelligence
- Investment and Venture Capital
Geography
- United States – Teamworks is headquartered in Durham, North Carolina, and the investment event is taking place in a U.S.-based company.
Industry
- Sports Technology – The article discusses Teamworks' role as a leader in sports technology, providing solutions for talent acquisition, game preparation, and operational excellence for sports teams globally.
- Artificial Intelligence – Teamworks aims to accelerate its AI-powered solutions, indicating its position and advances within the Artificial Intelligence sector.
- Investment and Venture Capital – The article revolves around a significant Round F funding event involving Dragoneer Investment Group, highlighting the role of venture capital in the expansion of tech companies.
Financials
- $235 million – The total amount raised by Teamworks in its Series F funding round.
- $1 billion – The pre-money valuation of Teamworks following the Series F funding round.
- $25 billion – Assets under management by Dragoneer Investment Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Teamworks | Target | Company | A leading sports technology company that provides an operating system for sports, powering over 6,500 elite sports teams globally. |
| Dragoneer Investment Group | Investor | Company | A growth-oriented investment firm with over $25 billion under management, leading the Series F funding round for Teamworks. |
| Zach Maurides | CEO and Founder | Person | CEO and Founder of Teamworks, overseeing the company's strategy and vision. |
| Christian Jensen | Partner | Person | Partner at Dragoneer Investment Group, involved in overseeing the investment in Teamworks. |
| Kyle Charters | CFO | Person | Chief Financial Officer of Teamworks, responsible for financial strategy and resource allocation. |