DURHAM, N.C. — [April 28, 2026] — Teamworks, The Operating System for Sports™ powering more than 7,000 elite sports organizations globally, today announced a significant growth investment led by Hg, a leading investor in technology, data and services businesses, more than doubling Hg’s total investment in Teamworks to $200 million. This latest growth investment, which includes participation from global asset manager AllianceBernstein, moves Teamworks’ valuation to above $1.5B and represents a material increase from the company’s previously achieved valuation.
The investment comes as Teamworks deepens its focus on making sports organizations smarter by connecting data, context, and decision-making across every layer of the organization. Alongside its investment, Hg brings significant operational resources to support AI development, including their AI product incubation program, Hg Catalyst, and other proprietary AI and data platforms used to rapidly deploy AI capabilities across 60+ technology and services companies. The partnership fast-tracks Teamworks’ progress embedding advanced AI across its platform, further cementing its position as the leader in sports technology.
“When we built Teamworks, the vision was always bigger than communication software. It was about giving elite organizations an operating system that connects every department and powers objective decision-making across sports organizations,” said Zach Maurides, CEO and Founder of Teamworks. “This investment, and the partnership with Hg, confirms that we are executing on that vision. We are investing aggressively in AI and data infrastructure, and making the right acquisitions to build the most intelligent operating system in sports.”
“Teamworks is exceptionally well positioned at the intersection of sports, data, and AI. We believe the next phase of value creation will come from embedding AI deeply into core workflows to drive faster, smarter decision-making,” said Stef Raiola, Director at Hg. “Teamworks is a category-defining business. We’re excited to partner with Zach and the team to support their continued growth, product innovation, and global expansion.”
This growth investment, a combination of primary and secondary, accelerates Teamworks’ strategic priorities: expanding its world-class data science and AI team, deepening its proprietary sports data infrastructure, and continuing a disciplined M&A strategy that adds data and intelligence capabilities across sports verticals. Acquisitions, including Zelus Analytics, Telemetry Sports, Sportlogiq, and most recently the enterprise business of Pro Football Focus (PFF) reflect the company’s commitment to owning a vertically integrated tech stack across every sport.
Teamworks is the preferred technology partner for 100% of NFL, NHL, and Premier League teams, 90% of MLB, 87% of NBA, 83% of MLS teams, 99% of DI NCAA athletic departments, and 65+ Olympic federations across 24 countries.
About Teamworks
Teamworks is the leading operating system for elite sports, trusted by more than 7,000 organizations worldwide. The company combines enterprise SaaS software with proprietary data and advanced analytics to deliver intelligent products that power player evaluation, game strategy, performance development, and daily operations. By unifying workflows, video, and trusted data sources into a single AI-driven platform, Teamworks serves as both the technology backbone and the intelligence engine for modern sports organizations.
Founded in 2004, Teamworks has expanded its data and AI capabilities through strategic acquisitions including Zelus Analytics, Telemetry Sports, Sportlogiq, and the enterprise business of Pro Football Focus (PFF).
About Hg
Hg is an investor in European and transatlantic technology and services businesses. We are an AI leader in private equity, helping to build sector-leading enterprises that supply critical applications or workflow services to deliver intelligent automation for their customers. We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to support entrepreneurial leaders looking to scale and drive AI transformation. With a vast European network and strong presence across North America, Hg has over $110 billion in assets under management and more than 400 employees. Our portfolio spans around 60 businesses worth over $195 billion in aggregate enterprise value, employing more than 130,000 people and consistently growing revenues at more than 18% annually.
