Total amount raised
$50.4 Million
Latest funding date
1/1/2017
Location
TeamSnap has successfully navigated 10 funding rounds, attracting investment from 13 different investors, including Bolt Ventures and Foundry Group. The platform is designed to simplify the management of youth sports teams, clubs, and leagues by offering tools for registration, payments, scheduling, and more.
Keep reading to explore the intricacies of TeamSnap's fundraising journey and the investors backing this innovative platform.
What Is TeamSnap?
TeamSnap, founded in 2005, is a platform dedicated to managing youth sports teams, clubs, and leagues. Based in Boulder, Colorado, the company offers a comprehensive suite of tools under the TeamSnap ONE platform, which includes features for registration, payments, rosters, schedules, communications, coaching resources, and live streaming.
Operating in the consumer, mobile, and sports industries, TeamSnap has an employee count ranging from 101 to 250. The platform aims to streamline operations and enhance communication for sports organizations, making it easier for coaches, parents, and team managers to manage their activities.
How Much Funding Has TeamSnap Raised?
- Series A
- Amount Raised: USD 700,000
- Date: June 2010
- Lead Investors: eonCapital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Series Unknown
- Amount Raised: USD 717,276
- Date: August 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and user base.
- Series Unknown
- Amount Raised: USD 910,000
- Date: November 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and scale operations.
- Series Unknown
- Amount Raised: USD 2,750,000
- Date: February 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive user acquisition and market penetration.
- Series B
- Amount Raised: USD 7,500,000
- Date: February 2014
- Lead Investors: Foundry Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series B
- Amount Raised: USD 10,000,000
- Date: September 2015
- Lead Investors: Northgate Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase user engagement.
- Series C
- Amount Raised: USD 25,000,000
- Date: January 2017
- Lead Investors: Foundry Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Convertible Note
- Amount Raised: USD 5,500,000
- Date: June 2020
- Lead Investors: Bolt Ventures, Foundry Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage increased business following a downturn due to COVID-19.
- Series Unknown
- Amount Raised: USD 5,500,123
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and market expansion.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital for operational needs.
Total Amount Raised: USD 57,577,399. Current Valuation: Not publicly disclosed.
Key Investors
- Bolt Ventures
- Details: Bolt Ventures participated as a lead investor in the Convertible Note funding round for TeamSnap. Isaac Harrouche is a notable partner associated with Bolt Ventures.
- Investment Focus Areas: Convertible notes, early-stage startups, technology.
- Notable Investments: TeamSnap (Convertible Note).
- Foundry Group
- Details: Foundry Group is a venture capital firm that has been a significant investor in TeamSnap, participating in multiple funding rounds. They are known for their focus on early-stage investments in technology companies.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Fitbit, SendGrid, Zynga.
- Northgate Capital
- Details: Northgate Capital led the Series B funding round for TeamSnap in September 2015. They are a private equity and venture capital firm with a global investment portfolio.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Uber, Spotify, Twitter.
- eonCapital
- Details: eonCapital was the lead investor in TeamSnap's Series A funding round in June 2010. They focus on early-stage investments in innovative companies.
- Investment Focus Areas: Technology, healthcare, renewable energy.
- Notable Investments: Not publicly disclosed.
What's Next for TeamSnap?
TeamSnap stands at the cusp of significant growth opportunities, particularly in the youth sports management sector. With the recent $5.5 million funding, the company is well-positioned to expand its user base and enhance its platform features. This investment underscores the potential for scaling operations and tapping into a broader market.
Future fundraising opportunities seem promising as TeamSnap continues to attract investor interest. The company’s focus on youth sports, a sector seeing a resurgence post-COVID-19, positions it favorably for additional investments. However, challenges such as navigating a competitive market and adapting to evolving user needs remain.
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