CIBC Innovation Banking Leads Syndicated Credit Facility to Fuel Teamworks’ Continued Expansion in the Sports Technology Arena
In a strategic move that underscores its growing presence in the fast-evolving sports technology landscape, CIBC Innovation Banking has announced that it served as lead arranger and administrative agent for a syndicated credit facility extended to Teamworks, a prominent North Carolina-based software company. The funding will help support the next phase of Teamworks’ strategic initiatives, including both organic and inorganic growth efforts designed to scale its operations and enhance its suite of products for sports organizations globally.
The announcement represents a significant milestone for both Teamworks and CIBC Innovation Banking. It not only reflects the growing role of technology in transforming athletic operations but also highlights the increasing importance of strategic capital partnerships in scaling high-growth companies that sit at the intersection of technology, performance, and data-driven decision-making.
Powering the Digital Backbone of Sports Organizations
Founded in Durham, North Carolina, Teamworks has emerged as a leading provider of integrated software solutions purpose-built for sports organizations. Often referred to as the “operating system for sports,” Teamworks’ platform enables professional sports franchises, collegiate athletics programs, national governing bodies, and even military and tactical units to streamline operations, foster communication, and drive performance.
The company’s robust suite of digital tools is designed to tackle the unique challenges faced by athletes, coaches, and team administrators alike. These include modules for performance and development tracking, compliance and recruiting, training management, branding and media coordination, and payment facilitation. With digital transformation becoming increasingly critical to competitive success in sports, Teamworks’ offerings have become indispensable for high-performance environments that demand efficiency, communication, and collaboration at scale.
By consolidating previously siloed tools into a centralized platform, Teamworks empowers organizations to spend less time managing logistics and more time focusing on what matters most: athlete success, team performance, and long-term organizational development.
Funding the Future of Growth and Innovation
With this new syndicated credit facility in place, Teamworks is positioned to accelerate its expansion plans. The company intends to use the financing for both organic growth — including internal product development, sales enablement, and market expansion — and inorganic initiatives, such as potential mergers and acquisitions that align with its long-term vision.
“Teamworks has built a strong foundation as a category leader in sports operations technology,” said Andy Kirk, Managing Director at CIBC Innovation Banking, who oversees the bank’s activity in the Southeast U.S. “We are excited to expand our relationship with Teamworks as it continues along its strong growth trajectory. The company’s ability to innovate while maintaining a deep focus on customer outcomes makes it a compelling partner.”
The announcement also reinforces CIBC Innovation Banking’s reputation as a long-term, scalable financial partner to high-growth tech companies. The firm has been steadily expanding its U.S. footprint, with a particular emphasis on working with SaaS, fintech, and enterprise software providers whose business models blend strong recurring revenue with industry-specific insights.
“This transaction is another great example of how CIBC Innovation Banking can scale with clients over time,” said Walt Sparks, Executive Director of the bank’s Syndications Group. “Our syndication capabilities enable us to bring in additional partners as needed while continuing to serve as a relationship-driven capital provider.”
The ability to arrange and manage syndicated facilities — in which multiple lenders participate to fund a larger loan — allows CIBC to better support companies like Teamworks as they grow beyond early-stage venture capital and into mid-market and enterprise maturity levels. It also reflects investor confidence in Teamworks’ business model and the broader market opportunity in digitizing athletic organizations.
Backed by a Proven Investor Group
Teamworks has drawn support from a number of high-profile investors, including Delta-V Capital, Dragoneer Investment Group, General Catalyst Partners, and Seaport Capital. These firms bring a track record of backing transformative technology companies and have provided the strategic insight and financial firepower that helped Teamworks scale to its current position.
The addition of a flexible credit facility complements the company’s equity capital by providing liquidity to pursue opportunistic investments, product innovation, and continued market leadership — without diluting ownership. This blended capital structure has become increasingly popular among maturing software businesses that seek to optimize their growth trajectory while maintaining financial discipline.
A Broader Vision for Sports Technology
While Teamworks originally focused on collegiate athletics — where complex scheduling, compliance rules, and athlete support services created operational headaches — the company has since expanded its reach into professional sports leagues, Olympic programs, and even specialized military units. The adaptability of its platform to high-performance environments with structured workflows and sensitive data has positioned Teamworks as a trusted partner across a wide spectrum of elite organizations.
Its expansion reflects a broader trend within sports: the rise of “athlete-centric technology” that prioritizes performance, personalization, and efficiency. In an era where data analytics, biometrics, and real-time communication are reshaping how teams compete, software solutions that unify these functions under one umbrella have become not just useful, but essential.
And as sports teams increasingly resemble high-performing corporations in both their structure and demands, platforms like Teamworks are helping usher in a new generation of sports executives who rely on digital infrastructure to gain competitive advantage — both on and off the field.
A Strategic Partnership with Room to Scale
CIBC Innovation Banking’s relationship with Teamworks isn’t just about this credit facility — it’s part of a long-term collaboration. The bank has built its reputation around supporting fast-growing technology firms at every stage of their lifecycle, from seed and Series A rounds to late-stage capital, M&A support, and strategic exits.
This facility exemplifies the firm’s ability to scale alongside its clients. With Teamworks expected to continue growing through international expansion, product innovation, and strategic acquisitions, CIBC stands ready to evolve its financing solutions to match the company’s evolving needs.
Final Thoughts: Investing in the Future of Performance
At its core, this announcement is about more than numbers — it’s about vision. It’s about a tech company that sees the opportunity to fundamentally improve how athletes and organizations operate. It’s about a bank that understands that vision, shares in the ambition, and provides the tools to make it real.
For Teamworks, this funding round represents another step toward becoming the digital infrastructure behind elite performance — a platform that athletes, coaches, and administrators depend on every day. And for CIBC Innovation Banking, it is further proof that understanding the unique rhythms of high-growth technology businesses is the key to building lasting, impactful partnerships.
As both organizations look to the future, one thing is clear: the intersection of sports, technology, and strategic finance is no longer a niche. It’s a rapidly growing ecosystem — and Teamworks, backed by CIBC, is well on its way to leading the field.
