(September 16, 2015)
Colorado Impact Fund & Others Join TeamSnap’s Investment GroupInvestor confidence, impressive growth rate position TeamSnap as leader in youth sports management market
BOULDER, Colo., Sep 16, 2015 (BUSINESS WIRE) — TeamSnap, the leading tool for organizing and communicating every aspect of team life, today announced a $10 million Series B financing led by Northgate Capital, with participation from new investors the Colorado Impact Fund and Crawley Ventures, and existing investors, including the Foundry Group.
TeamSnap is an easy-to-use, indispensable tool for organizing and communicating up-to-the-second updates on every aspect of team life, including game schedules, practices, equipment and volunteers. This round comes after a period of staggering growth for TeamSnap, which nearly doubled its customer base over the past year, now boasting 9 million users in 196 countries. TeamSnap interacts with active users an average of 40 times per month, and its native mobile apps have been a particular hit. The iOS app has a 4.7 out of 5 rating in the App Store and is consistently ranked among the App Store’s Top 10 Free Sports Apps.