CIBC Innovation Banking Led a Syndication and Acted as Lead Arranger for Teamworks

DURHAM, N.C.--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it recently acted as the lead arranger and administrative agent on a syndicated credit facility for Teamworks, a Durham, NC-based software business that provides a leading operating system for sports organizations. The company will use the financing to support future organic and inorganic strategic growth initiatives.

Teamworks provides the top operations software for teams which includes professional organizations, colleges, National Governing Bodies, and military or tactical teams. The software offers purpose-built solutions for the everyday challenges of athletes and administrators including: development, performance, recruiting, branding, training management, compliance, payments, and more.

Existing investors include: Delta-V Capital, Dragoneer Investment Group, General Catalyst Partners, and Seaport Capital.

“We are excited to expand our relationship with Teamworks as it continues along its strong growth trajectory,” said Andy Kirk, Managing Director in CIBC Innovation Banking’s southeast region.

“This is another great example of how CIBC Innovation Banking can scale with clients over time,” said Walt Sparks, Executive Director – Syndications Group, CIBC Innovation Banking.

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation.

About Teamworks

Teamworks is the proven operating system for high performance, powering more than 6,000 sports, military, and public safety organizations worldwide. Available on a centralized, integrated platform, the Teamworks’ product suite provides specialized applications to support recruiting, development, management, individual branding, and community building. Based in Durham, North Carolina and founded in 2004, Teamworks continues to expand its global presence with employees across eleven countries. Visit teamworks.com to learn more.