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: Franz Beckenbauer Oct. 26, 12:16 a.m.
"Carlos Alberto was like a brother to me, one of my best friends." -- Former German ...
MLS: Pending Barnetta exit adds incentive for Union Oct. 25, 11:38 p.m.
Of the 12 playoff qualifiers, Philadelphia compiled the fewest points (42) and drew a daunting match ...
What They're Saying: Sacramento planning and design commissioner Cornelious Burke Oct. 25, 11:35 p.m.
"This project in my opinion is a game changer." -- Sacramento planning and design commissioner Cornelious ...
USL Expansion: Tampa Bay and Ottawa leave NASL Oct. 25, 11:28 p.m.
As the USL and MLS grow, the NASL shrinks. From its membership of 12 teams for ...
MLS Moves: Jahn's goals net him new contract in Columbus Oct. 25, 11:22 p.m.
A rough season for Crew SC did yield some hope for the future, and as part ...
MLS Playoffs: Teams limp into Knockout Round Oct. 25, 11:20 p.m.
Between them, the LA Galaxy and Real Salt Lake have made 11 MLS Cup appearances and ...
Video Pick: Carlos Alberto's wonder goal Oct. 25, 8:16 p.m.
Carlos Alberto, who died at age 72 on Tuesday, scored one of the greatest World Cup ...
Video Pick: Sweet solo strike from Leipzig Oct. 25, 7:38 p.m.
One of the reasons newly promoted RB Leipzig is only two points behind Bundesliga leader Bayern ...
U.S. Abroad: Big night for Americans in DFB Pokal Oct. 25, 6:16 p.m.
Bobby Wood scored two goals for Hamburg, his first since the second week of the Bundesliga ...
Double DUII arrests add to Portland's nightmare week Oct. 25, 5:13 p.m.
In the space of a week, the Portland Timbers, the 2015 MLS champions, failed to reach ...
>> Soccer America Daily Archives