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: Michael Bradley Oct. 6, 8:09 p.m. |
"Certainly when you talk about the United States in a bigger way, one of the beautiful ... Video Pick: Brazilian mascot loses his head Oct. 6, 2:32 p.m.
O Vovo ("Grandpa"), the mascot of Brazilian second division club Ceara, apparently doesn't get that his ... What They're Saying: Landon Donovan Oct. 6, 2:07 p.m.
"Jurgen said many times he wants our players to feel pressure. ... Well, the same holds ... What They're Saying: Roy Keane Oct. 6, 12:50 p.m.
"Yes, why wouldn't he be? He didn’t have the baby. Unless he's breastfeeding he should be ... MLS Power Rankings: Red Bulls stay on top Oct. 6, 4:42 a.m.
Three weeks to go in the MLS season and only four teams have clinched playoff spots. ... What They're Saying: Chung Mong Joon Oct. 6, 2:46 a.m.
"The true danger is that they are not only sabotaging my candidacy. They are sabotaging FIFA's ... Thorns confirm Parsons as coach for 2016 NWSL season Oct. 6, 2:30 a.m.
The Portland Timbers have hired 29-year-old Mark Parsons as their new head coach less than a ... What They're Saying: Jozy Altidore Oct. 6, 1:44 a.m.
"Just personal issues, and when things aren't right there, it makes it tough to go to ... NASL: Ottawa accomplishes Mission 1 Oct. 6, 1:34 a.m.
Ottawa Fury FC clinched its first-ever NASL postseason berth with a 2-0 win over FC Edmonton ... TV Report: MLS expands into Latin America Oct. 6, 12:56 a.m.
MLS has reached an agreement with Fox Sports Latin America to televise live league matches in ... >> Soccer America Daily Archives