Hg has made an investment in Teamworks, more than doubling its total investment in the company to $200 million and pushing Teamworks’ valuation above $1.5 billion.
The round also includes participation from AllianceBernstein. The investment supports Teamworks’ strategy to expand its AI and data capabilities across its sports technology platform, leveraging Hg’s operational resources, including its Hg Catalyst AI incubation program. The deal underscores a shared focus on embedding AI into core workflows to enhance decision-making across elite sports organizations.
Founded in North Carolina, Teamworks provides an integrated operating system for sports organizations, connecting data, communication, and performance workflows across teams and departments. The platform serves more than 7,000 elite sports organizations globally, including all teams in the NFL, NHL and Premier League, as well as the majority of franchises in MLB, NBA and MLS.