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Illustration: Eniola Odetunde/Axios

Teamworks, an athlete engagement platform that grew up in the college sports space and has since expanded to the professional ranks, announced yesterday that it has raised $25 million in Series C funding led by Delta-v Capital.

The big picture: The round also includes participation from new investors Afia Capital, a private investment platform backed by pro athletes, and Stadia Ventures, a global sports innovation hub.

How it works: There are so many moving parts within an elite sports organization: coaches, athletes, trainers, strength staff, nutritionists, marketers, sales teams, etc.

  • Teamworks' software connects those departments and allows them to communicate in one centralized location.
  • Think of it as Slack or G-Suite for sports organizations — a platform that can be customized through modules and plug-ins and allows them to fully digitize their operations.

The backdrop: Like the aforementioned Slack and G-Suite, plus other tools like Zoom, the COVID-19 pandemic has elevated Teamworks' core value proposition: how do sports organizations communicate when they're not in a building together?

  • "On one hand, we're definitely seeing a slow down in organizations wanting to sign on right now because so many are in a general spending freeze," CEO and founder Zach Maurides told me yesterday by phone.
  • "But given the current situation, we've gone from something that was maybe viewed as a competitive advantage to something that is now business critical," said Maurides, who came up with the idea for Teamworks in 2005, while playing football at Duke. "The organizations we serve have continued operating without skipping a beat."

What to watch: With the name, image and likeness (NIL) debate heating up, Teamworks is well-positioned to be the facilitator of deals between brands and college athletes once those are able to happen, all while allowing athletic departments to monitor activity and prove compliance.

  • More than 2,000 Division I teams use Teamworks, which means tens of thousands of student-athletes are already on the app. So it's not hard to imagine them toggling between talking to a coach and talking to a sponsor.
  • That would explain Teamworks' recent acquisition of athlete social media content delivery platform, INFLCR (similar to Opendorse), which was finalized with this latest round of funding.

Yes, but: As the NIL landscape takes shape, Teamworks will likely face stiff competition from competitors looking to help college athletes earn money, and leaning too heavily into that side of things could pull the company away from its core mission of helping organizations communicate.

Go deeper: No one knows when the coronavirus sports shutdown will end

Go deeper

Super typhoon Surigae explodes to Cat. 5 intensity

Super Typhoon Surigae seen on satellite imagery Saturday morning east of the Philippines. (CIRA/RAMMB)

Super Typhoon Surigae surged in intensity from a Category 1 storm on Friday to a beastly Category 5 monster on Saturday, with maximum sustained winds estimated at 190 mph with higher gusts.

Why it matters: This storm — known as Typhoon Bising in the Philippines — is just the latest of many tropical cyclones to undergo a process known as rapid intensification, a feat that studies show is becoming more common due to climate change.

Updated 5 hours ago - Politics & Policy

What we know about the victims of the Indianapolis mass shooting

Leaders of the Sikh Satsang of Indianapolis participate in an interview addressing their grief. Photo: Jon Cherry/Getty Images

Law enforcement in Indianapolis have identified the eight people killed in Thursday's shooting at a FedEx facility.

The big picture: The Sikh Coalition said at least four of the eight victims were members of the Indianapolis Sikh community.