About Teamworks
Teamworks is a company based in Durham (United States) founded in 2004 by Mitch Heath and Zach Maurides.. Teamworks has raised $410.66 million across 8 funding rounds from investors including Dragoneer, Delta-v Capital and Seaport Capital. Teamworks has completed 4 acquisitions, including ArmsSoftware, Notemeal and Smartabase. Teamworks operates in a competitive market with competitors including SportsEngine, LeagueApps, Overtime, GameChanger Media and SportEasy, among others.
- Headquarter Durham, United States
- Founders Mitch Heath, Zach Maurides
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Teamworks Innovations, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$410.66 M (USD)
in 8 rounds
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Latest Funding Round
$235 M (USD), Series F
Jun 17, 2025
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Investors
Dragoneer
& 12 more
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Employee Count
Employee Count
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Investments & Acquisitions
ArmsSoftware
& 3 more
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Leadership Team
20 people
Sales and Marketing
20 people
Product Management Team
6 people
Human Resources and Administration
4 people
Software Development Team
4 people
Data Analysis and Operations Team
4 people
Operations Team
3 people
Creative and Marketing Team
2 people
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Funding Insights of Teamworks
Teamworks has successfully raised a total of $410.66M across 8 strategic funding rounds. The most recent funding activity was a Series F round of $235 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series F — $235.0M
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First Round
First Round
(20 Jul 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series F - Teamworks | Valuation | Dragoneer Investment Group |
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| Apr, 2025 | Amount | Debt – Conventional - Teamworks | Valuation |
investors |
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| Jul, 2024 | Amount | Series E - Teamworks | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Teamworks
Teamworks has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dragoneer, Delta-v Capital and Seaport Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are made in technology-enabled growth companies.
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Founded Year | Domain | Location | |
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Growth-equity investments are targeted by the private firm Delta-v Capital.
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Founded Year | Domain | Location | |
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Buyouts are targeted by Seaport Capital, a private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Teamworks
Teamworks has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include ArmsSoftware, Notemeal and Smartabase. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Performance nutrition services are provided to support user optimization.
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2019 | ||||
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A team management platform for multiple sports is provided.
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2018 | ||||
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Software suite for sport clubs and athletic departments
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Teamworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Teamworks Comparisons
Competitors of Teamworks
Teamworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SportsEngine, LeagueApps, Overtime, GameChanger Media and SportEasy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sports teams and leagues are managed through an online platform.
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| domain | founded_year | HQ Location |
Offers sports league management and registration software
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| domain | founded_year | HQ Location |
Sports content is produced and shared across multiple digital platforms.
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| domain | founded_year | HQ Location |
Scorekeeping, statistics, and team management software is offered for coaches.
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| domain | founded_year | HQ Location |
Sports team and club management is enabled via web-based software.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Teamworks
Frequently Asked Questions about Teamworks
When was Teamworks founded?
Teamworks was founded in 2004 and raised its 1st funding round 12 years after it was founded.
Where is Teamworks located?
Teamworks is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Who is the current CEO of Teamworks?
Zach Maurides is the current CEO of Teamworks. They have also founded this company.
Is Teamworks a funded company?
Teamworks is a funded company, having raised a total of $410.66M across 8 funding rounds to date. The company's 1st funding round was a Series E of $12.43M, raised on Jul 20, 2016.
What does Teamworks do?
Teamworks was founded in 2004 in Durham, United States, by co-founders Mitch Heath and Zach Maurides, who serves as CEO. Software solutions for collaboration are provided to athletic organizations, supporting operations in sports management and team coordination. The platform focuses on streamlining communication and data sharing within the athletics sector, with headquarters based in the United States. Services are tailored to enhance efficiency for teams and institutions.
Who are the top competitors of Teamworks?
Teamworks's top competitors include LeagueApps, Overtime and GameChanger Media.
How many acquisitions has Teamworks made?
Teamworks has made 4 acquisitions, including ArmsSoftware, Notemeal, and Smartabase.
Who are Teamworks's investors?
Teamworks has 13 investors. Key investors include Dragoneer, Delta-v Capital, Seaport Capital, General Catalyst, and Teamworthy Ventures.
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