Sports Management Leader TeamSnap Grabs $25 Million Series C
Date: Wednesday , February 08, 2017
Bengaluru: TeamSnap, a dominant name in sports management, closes its series C round with $25 million. This funding round was led by Foundry Group, along with new investor - Fairfax Financial Holdings. This will add more user base in this sports platform as TeamSnap has high penetration rate in Canada especially among hockey teams, boasting more than 3 million customers there.
\"We will use a significant part of this funding to redouble our focus on TeamSnap for Clubs & Leagues. The funding will help us expand our worldclass Marketing, Sales and Product teams to drive even quicker and more robust advancements to our already leading platform,\" says Dave DuPont, CEO, TeamSnap.
Launched in 2009 by Dave DuPont, Andrew Berkowitz and Eric Jens, TemSnap team, club and league management software makes organizing sports as simple as click, tap and go by enabling coaches, administrators, players and parents use its web and smartphone apps to sign up, schedule, communicate and coordinate everything for the team, the club and the season. The company has a user base of about 15 million customers across 196 countries, including nearly 5,000 TeamSnap for Clubs & Leagues customers, which is expected to scale rapidly with this latest funding shot.
Commenting on the investment, Jason Mendelson, Co-Founder & Managing Director, Foundry Group, says, \"We are thrilled with the progress TeamSnap has made. TeamSnap is the top-of-mind sports management solution for every coach and administrator. We look forward to accelerated expansion fuelled by the company\'s powerful brand and market position, strong leadership and innovative team\".