What is TeamSnap?
Founded in 2009 and headquartered in Boulder, Colorado, TeamSnap provides a comprehensive sports team management application designed to streamline communication, organization, and various other aspects of team coordination. The platform serves a broad user base, facilitating smoother operations for coaches, managers, and participants alike. The company's sustained funding indicates a strong market demand for its solutions and its capacity to scale operations effectively.
How much funding has TeamSnap raised?
TeamSnap has raised a total of $67.5M across 10 funding rounds:
Series A
$717K
Private Equity
$909K
Private Equity
$2.8M
Other Financing Round
$4.3M
Private Equity
$6.8M
Series B
$10M
Private Equity
$24.5M
Multiple Rounds
$17.5M
Series A (2010): $717K, investors not publicly disclosed
Private Equity (2011): $909K led by EonBusiness and Trinity Ventures
Private Equity (2012): $2.8M supported by EonBusiness, Torstar, Trinity Ventures, and Toba Capital
Other Financing Round (2013): $4.3M featuring Torstar
Private Equity (2015): $6.8M backed by Foundry Group
Series B (2015): $10M with participation from Colorado Impact Fund, Northgate Capital, Foundry Group, and Crawley Ventures
Private Equity (2017): $24.5M led by Foundry Group and Fairfax Financial Holdings Limited
Debt (2020): $2M supported by PPP
Other Financing Round (2020): $5.5M featuring Foundry Group and Bolt Ventures
Other Financing Round (2020): $10M backed by Undisclosed
Key Investors in TeamSnap
Foundry Group
Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups. Based in Boulder, Colorado, they leverage their expertise and network to help entrepreneurs build successful companies.
Fairfax Financial Holdings Limited
Fairfax Financial is a financial holding company engaged in property, casualty, and life insurance and reinsurance, investment management, and insurance claims management. It is based in Toronto, Ontario.
Colorado Impact Fund
The Colorado Impact Fund is a Denver-based venture capital firm that focuses on investing in early-stage companies in Colorado with scalable business models and a commitment to community improvement, aiming for both financial returns and positive social impact.
What's next for TeamSnap?
The substantial enterprise-level funding and strategic investment received by TeamSnap suggest a focus on aggressive expansion, potential product development, and market penetration. This capital infusion is likely to fuel further innovation in its sports management software, potentially broadening its feature set or entering new market segments. The company's trajectory points towards solidifying its leadership in the sports tech industry through enhanced user experience and strategic partnerships.
See full TeamSnap company page
