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 NASL suspends its board chairman May 27, 4:59 p.m. |
Aaron Davidson, one of the marketing executives charged in the U.S. Department of Justice's probe into ... U.S. U-23s fall to France in Toulon opener May 27, 2:39 p.m.
The U.S. U-23 national team gave up three early goals in a 3-1 loss to France ... What They're Saying: FIFA spokesperson Walter De Gregorio May 27, 8:11 a.m.
"This for FIFA is good. It is not good in terms of image or reputation, but ... Twenty for Canada 2015: New Zealand's Ali Riley May 27, 7:32 a.m.
Ali Riley is about as American as you can get. Born in Los Angeles. Product of ... FIFA bombshell: seven arrested in Zurich, 14 indicted May 27, 6:24 a.m.
Zurich's Baur au Lac, the preferred hotel of FIFA executives, was raided in the early morning ... What They're Saying: FIFA spokesperson Walter De Gregorio May 27, 6:20 a.m.
"Well, he is not dancing in his office. He is very calm, he is fully cooperative ... ICYMI MLS: Gooch sighting; Drogba back on the radar May 27, 5:43 a.m.
Oguchi Onyewu, who is out of contract after being released by English club Charlton, trained with ... MLS: This week ... May 27, 4:30 a.m.
The busiest midweek of the season to date -- three games -- kicks off Week 13 ... Road to Vancouver: Brazil's Formiga picked for sixth time May 26, 11:44 p.m.
Formiga was picked to play in her sixth Women's World Cup for Brazil as she was ... What They're Saying: Greg Vanney May 26, 11:24 p.m.
"The beauty of this is that these guys have watched Manchester City play throughout the course ... >> Soccer America Daily Archives