TeamSnap, a US-based sports club management software producer backed by media company Torstar, secured $25m on Tuesday in a funding round led by venture capital firm Foundry Group.
Foundry Group, which invested through its $500m Next fund, was joined by Fairfax Financial Holdings, the financial services firm that owns smartphone manufacturer Blackberry.
Established in 2009, TeamSnap has created a platform that facilitates the management of sports teams, clubs and leagues. The tool enables communication between coaches, administrators, players and families, and helps them keep track of game schedules, practice and equipment.
The company intends to use the capital to accelerate growth by driving recruitment across its marketing, sales and product teams.
TeamSnap previously raised $10m in a 2015 series B round led by Northgate Capital that included Colorado Impact Fund, Crawley Ventures, Foundry Group and several unnamed existing backers.
Torstar contributed to a $7.5m funding round in 2014 led by Foundry Group and backed by Trinity Ventures, Toba Capital and angel investor Harris Barton.
TeamSnap had raised approximately $1.6m before adding $2.75m in a 2013 round featuring Torstar, Toba Capital, Hbam, Trinity Ventures and EonBusiness.