The Denver Post
(September 17, 2015)
Organizing a sports team is serious business and Boulder’s TeamSnapjust raised $10 million to prove it.
The company said it completed a Series B round led by Northgate Capital and included investors with the Colorado Impact Fund, Denver’sCrawley Ventures and Boulder’sFoundry Group.
The app helps coaches and parents figure out the game plan — before, during and after the game. App features include registration, team rosters and schedule management. (All the features are mentioned onTeamSnap’s pricing page.) And when a sports club has 2,000 players, like TeamSnap client Colorado Premier Basketball Club, going digital makes sense.
The company said it now has 9 million users in 196 countries with nearly half of the newcomers joining in the past year. The company shared with us that 800,000 teams around the world use the app, with 55,000 teams just in Colorado. Active users use the app 40 times a month.
In a statement, Charley Dean, director of Northgate Capital, said his company looks for companies with “high revenue potential."