TeamSnap raises $7.5 million investment
[SOCCER BUSINESS] TeamSnap, which provides a team management tool used by soccer clubs and organizations in other sports and activities, received $7.5 million in a
financing round led by new investor Foundry Group.
Existing investors Torstar, Trinity Ventures, Toba Capital and Harris Barton (founded by the former NFL linesman of the same name).
Jason Mendelson, managing director of Foundry Group, will join TeamSnap's board.
"The fast pace of our organic growth shows that people really want
to manage and simplify how they manage their sports teams, activities and interests," said TeamSnap CEO David DuPont. "Having this new investment and Foundry
Group on board as a partner allows us to accelerate our growth and keep innovating our product in exciting ways."
Team Snap has seen its customer base climb from 1 million to 5 million in
the last two and a half years with than 60 percent of its customers are using its mobile app to schedule games, check player availability, track important statistics and make mobile payments. It
raised $2.75 million a year ago in an earlier investment round.
"TeamSnap is modernizing team management," said Mendelson in a statement. "When you match a compelling service such as this
with a rapidly growing mobile market, the potential for success is very high. TeamSnap is the clear leader in the market, and we look forward to working with Dave and the team."
|Recent Soccer America Daily What They're Saying: Sigi Schmid Aug. 3, 3:08 a.m. |
"We've got to make sure we right that and get them back for that. I don't ... August brings no change to Sounders' fortunes Aug. 3, 3 a.m.
The way things are going, the Seattle Sounders' season may remembered as before and after Tukwila. ... Farfan hero, Alvarado goat in Mexico Aug. 3, 2:57 a.m.
Gabriel Farfan came off the bench and scored the winning goal five minutes later to lead ... Ontario's K-W United FC takes PDL crown Aug. 3, 2:22 a.m.
Top-seeded Kitchener-Waterloo United FC became the third Canadian team to win the PDL championship in the ... MLS: Seeing isn't believing after 39-goal Saturday Aug. 3, 1:13 a.m.
On a day when Frank Lampard, Shaun Wright-Phillips and Tranquillo Barnetta, among others, made their league ... What Thay're Saying: Chris Rolfe Aug. 2, 11:09 p.m.
"That was the craziest game I've ever been a part of, in pro soccer." -- D.C. ... Video Pick: Mourinho tosses medal to young Arsenal fan Aug. 2, 10:54 p.m.
Jose Mourinho brought a smile to the face of a young Arsenal fan when the Chelsea ... What They're Saying: Economics professor Bruce Corrie Aug. 2, 7:33 p.m.
"There are a number of positive benefits it could have to engage youth, build values, provide ... Crowd Count: Chattanooga FC draws record 9,236 fans Aug. 2, 7:14 p.m.
For the second year in a row, Chattanooga FC set a National Premier Soccer League attendance ... Charlotte snaps Rhinos' USL unbeaten streak at 19 games Aug. 2, 6:40 p.m.
The Charlotte Independence got goals from brothers Alex Martinez and Enzo Martinez as well as Pole ... >> Soccer America Daily Archives