Dragoneer Leads $235M Series F in Teamworks
June 17, 2025
Teamworks, the Durham-based operating system for sports, raised $235 million in an oversubscribed Series F led by returning investor Dragoneer Investment Group at a pre-money valuation above $1.0 billion. The primary and secondary financing will fund expansion of Teamworks' AI and data science capabilities and accelerate product development across its talent, performance, coaching and operations suites.
- Buyers
- Dragoneer Investment Group
- Targets
- Teamworks
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Transaction Type
- Growth capital
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Hg Leads Growth Investment in Teamworks
April 28, 2026
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Teamworks, the operating system for elite sports, announced a growth investment led by Hg that more than doubles Hg’s total investment in the company to $200 million. The round, which also includes participation from AllianceBernstein, pushes Teamworks’ valuation to above $1.5 billion and is aimed at accelerating AI and data infrastructure and further sports-tech acquisitions.
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Teamworks Acquires Sportlogiq
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Teamworks has acquired Sportlogiq, the Montreal-based leader in AI-powered hockey analytics, integrating Sportlogiq’s computer vision and tracking technology into Teamworks’ Intelligence platform. Sportlogiq’s team of roughly 80 employees (including 10 AI researchers) and its iCE platform will join Teamworks to expand its analytics, game-preparation, and talent-evaluation capabilities across professional and collegiate sports.
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FIS Acquires Dragonfly Financial Technologies from One Equity Partners
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Teamworks Acquires Smartabase, Retain, Grafted and NextPlay
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Durham-based enterprise SaaS provider Teamworks announced the acquisitions of four sports-technology companies — Smartabase, Retain, Grafted and NextPlay — to expand its Operating System for Sports and launch an integrated collegiate compliance solution. The deals add human performance, athlete development, anonymous reporting/survey, and alumni engagement capabilities to Teamworks’ platform, accelerating product breadth across the athlete lifecycle.
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Dragoneer, Neuberger Berman, Insight Partners and Temasek Invest $120M in Duck Creek Technologies
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Teamworks Acquires INFLCR
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Cloud & SaaS
Teamworks has acquired INFLCR for an undisclosed amount; INFLCR will operate as a fully owned subsidiary with Founder & President Jim Cavale remaining in his role. Teamworks said it will invest in INFLCR to accelerate growth — expanding the platform’s collegiate and pro reach — while both brands continue to operate separately. Teamworks is based in Durham, North Carolina and has more than 100 employees; INFLCR is Birmingham, Alabama–based with about 20 employees.
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