TeamSnap, a platform for organizing and communicating updates for sports teams, has raised $10 million in Series B round of funding led by Northgate Capital along with other investors that include Colorado Impact Fund, Crawley Ventures and Foundry Group.
Founded in 2009, TeamSnap is an easy-touse, indispensable tool for organizing and communicating up-to-the-second updates on every aspect of team life like match schedules, practices, equipment and volunteers. The tool is dedicated to take the hassle out of managing, coaching and participating in team sports. With the team of 60, the company built the tool with the mission to build a great product that would help any parents, team managers , group organizers with simple interface. Till date 9 million of them from 196 countries use TeamSnap’s web and mobile apps to update their team mates and others.
TeamSnap CEO Dave DuPont said, “We’re already engaging our customers before, during and after the game, becoming not just a tool for coordination but also the most trusted resource for ongoing training, planning and sports-related purchasing. We’re thrilled at the confidence in TeamSnap displayed by the investment community and what it means for our future. We’re excited to build on our team management market dominance and deep customer engagement to become the unifying sports team platform and marketplace for sports-related products and services.”
With the new investment, TeamSnap plans to develop more innovating and interesting sports management solutions to the market faster, solidifying the company’s position as the solo must-have app parents and coaches look for everyday use.
“TeamSnap fits directly in line with Northgate’s mission of investing in and maximizing the potential of strong companies with high revenue potential,” said Charley Dean, Director of Northgate Capital. “TeamSnap pioneered the category of online team management by creating the most powerful private communication and organization system in the world for players, parents and coaches, and we’re excited to be part of the journey for where they go next.”
Jim Kelley, managing partner of the Colorado Impact Fund, “The Fund is committed to providing capital to entrepreneurs with compelling business models that drive meaningful returns and community impact.TeamSnap has become one of the most recognizable Colorado startups, and we’re excited to join them on their mission of making life easier for coaches and families. Participation in athletics and other extracurricular activities has been widely shown to create opportunity and healthier lives for our youth.”