TeamSnap Secures $7.5 million financing round led by Foundry Group


Investment will be used to accelerate growth, drive product innovation

 

BOULDER, COLO (Feb 4, 2014) – TeamSnap, the service that helps you manage your sports teams and activities, today announced a $7.5 million Series B investment led by new investor Foundry Group. Existing investors Torstar, Trinity Ventures, Toba Capital and Harris Barton also participated. Foundry Group's Jason Mendelson 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 David DuPont, CEO, TeamSnap. "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."

In the last 2.5 years of TeamSnap's short history, the number of customers has skyrocketed from 1 million to 5 million worldwide. More than 60 percent of these customers are using the company's top-rated mobile app to schedule games, see player availability, track important statistics, make mobile payments and more.

"TeamSnap is modernizing team management. When you match a compelling service such as this with a rapidly growing mobile market, the potential for success is very high," said Jason Mendelson, managing director, Foundry Group. "TeamSnap is the clear leader in the market, and we look forward to working with Dave and the team." TeamSnap's app is available on the iTunes App Store or Google Play.

About TeamSnap

TeamSnap is an award-winning service used by 5 million+ people around the world to manage their sports teams, activities, groups and organizations. For more information, please visit www.TeamSnap.com.

About Foundry Group

Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups. In addition to providing the necessary venture capital to get a company up and running, Foundry Group is committed to leveraging their experience in starting and growing companies, expertise in the technology industry, and network of relationships to help great entrepreneurs turn great ideas into great companies. Foundry Group is based in Boulder, Colorado, and invests in companies located across the United States. For more information, visit www.foundrygroup.com.

Contact:
Raksha Varma, Raksha@RakstarMediaGroup.com

The most intuitive and easy-to-use web application since Gmail

TeamSnap is my new favorite website. Beyond its sheer handiness, TeamSnap is the most intuitive and easy-to-use Web application since Gmail. A half-drunk lobotomized chimp could register a team. And probably play shortstop." —Margaret Lyons, TimeOut Chicago

It works on any budget

"Managing a team for co-ed, intramural or beer league sports can be a tricky thing. Tracking down team members, arranging and sharing game time and location information, and keeping track of who's paid what and who's in need of equipment or uniforms or things like that can all present quite a challenge. TeamSnap takes a lot of that trickiness out of the process, and there's a free plan, so it works on any budget."—Darrell Etherington, Web Worker Daily

You can even customize it

"Online team management software, such as TeamSnap, let you know who will and won't be at a specific game, who's bringing snack, and who's paid their registration fees. You can even customize it to keep track of uniform sizes and more!"—Emily Cohen, Youth Soccer Insider

Free download:
iPad, iOS & Android

Manage your teams on the go with our iPad, iPhone and Android app.

  • Enter Scores
  • Push Notifications
  • Add and Edit Games and Events
  • Add and Edit Rosters
  • Player Availability