Sports software firm Teamworks notches over $1 billion valuation in latest funding round

Sports software maker Teamworks said on Tuesday it was valued at over $1 billion in its latest funding round, which was led by California-based Dragoneer Investment Group, an existing investor.

The Durham, North Carolina-based company raised $235 million in its latest funding round, the company added.

Founded in 2004, Teamworks provides sport-specific predictive models and metrics to more than 6,500 sports teams globally.