Teamworks, the Operating System for Sports™ used by more than 6,500 elite sports organizations globally, has announced the close of a $235 million oversubscribed Series F funding round led by returning investor Dragoneer Investment Group. This new round, completed at a pre-money valuation exceeding $1 billion, positions Teamworks at the forefront of AI-driven transformation across professional, collegiate, and Olympic sports.
A Vision for the Future of High-Performance Sports
The funding marks a major milestone in Teamworks’ journey to build the most comprehensive technology ecosystem in the sports world.
“This significant investment validates our vision of creating the most comprehensive technology ecosystem in sports,”
said Zach Maurides, CEO and Founder of Teamworks.
“This funding positions us to accelerate our data science capabilities and to shape the future of AI in sports.”
Teamworks has grown from a communication and scheduling platform to a robust operating system built around four core pillars—Personnel, Performance, Coaching, and Operations—designed to unify and empower sports organizations with tools that drive efficiency, performance, and winning outcomes.
A Trusted Partner to the World’s Top Sports Teams
The company’s technology is now embedded in nearly every major sports league, including 100% of NFL teams, 90% of both MLB and Premier League clubs, 87% of NBA franchises, and 99% of NCAA Division I athletic departments. Teamworks is also used by 65+ Olympic federations in 24 countries, making it a true global force in sports performance technology.
Dragoneer Doubles Down on a Proven Winner
Christian Jensen, Partner at Dragoneer Investment Group, said the firm is proud to continue its partnership with Teamworks.
“Teamworks is the unmatched leader in sports technology, delivering critical solutions that are indispensable to organizations across the sports ecosystem,”
he said.
“Their innovations in talent acquisition, player development, gameday preparation, digital banking, and operational technology create a market-leading end-to-end experience.”
Fueling AI Innovation and Platform Expansion
This new funding will allow Teamworks to significantly enhance its AI capabilities, expanding its data science team and accelerating the development of machine learning-powered features. Planned enhancements include improved data unification, deeper integrations with partner technologies, and a more intuitive mobile experience that delivers context-aware alerts and decision support.
According to Kyle Charters, CFO of Teamworks, this investment reflects not only the company’s past performance but its commitment to evolving with its customers.
“This milestone provides significant resources to invest in innovation and world-class talent that will help them succeed,”
said Charters.
About Teamworks
Founded in 2004 and headquartered in Durham, North Carolina, Teamworks is the leading operating system for high-performance sports and military organizations. Its expanding suite of tools—including solutions from INFLCR, ARMS Software, Smartabase, Zelus Analytics, and Telemetry Sports—supports modern performance environments with cutting-edge technology that fuels talent development, readiness, and operational excellence.
About Dragoneer Investment Group
Dragoneer Investment Group is a San Francisco-based growth-oriented investment firm with over $25 billion in assets under management. Known for backing standout companies across public and private markets, Dragoneer’s portfolio includes global leaders such as Airbnb, Atlassian, DoorDash, Uber, and Snowflake.
As Teamworks prepares for its next phase, the company stands poised to lead a new era in AI-powered sports technology—one where data, innovation, and performance converge to redefine what it means to win.
