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

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"— COVID-19 looms over White House Halloween celebrations.
  2. Health: 13 states set single-day coronavirus case records last week — Fauci says maybe we should mandate masks if people don't wear themU.S. reports over 80,000 new cases for second consecutive day.
  3. World: Italy tightens restrictions Spain declares new state of emergency.

Amy Coney Barrett's immediate impact

Illustration: Eniola Odetunde/Axios

In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

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The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.