Teamwork Secures First-ever $ 70 Million Investment From Rapidly Growing Bregal Stage | Business

CORK, Ireland and LONDON, England – (BUSINESS WIRE) – July 6, 2021–

Teamwork, a leading global SaaS project management solution focused on client service companies, today announced its first-ever $ 70 million fundraiser from Bregal Milestone, a European technology growth capital firm .

Trusted by more than 20,000 teams in 170 countries, Teamwork has revolutionized the way businesses manage their daily workflows for improved automation, productivity and profitability. Teamwork provides an intuitive SaaS platform for customer service companies, helping them track, manage and invoice their projects, as well as providing a full suite of tightly integrated solutions such as help desk, collaboration, knowledge sharing and additional customer relationship management modules; enabling Teamwork to be the one stop practice management solution for business owners. Teamwork has offices in 5 countries and a global team of 270 employees.

Teamwork will work closely with Bregal Milestone’s internal value creation team, Milestone Performance Partners, to further accelerate Teamwork’s growth and invest in various product development initiatives to delight even more customers globally.

A private company that has never received external funding from investors before, Teamwork is a true Irish success story. Entrepreneurs Peter Coppinger and Daniel Mackey founded Teamwork in 2007 and have grown the business profitably since its inception. The duo also received the EY Entrepreneur of the Year award.

Maples Group and Torch Partners advised Teamwork on the transaction and Matheson, PricewaterhouseCoopers and Code & Co. advised Bregal Milestone.

Peter Coppinger, co-founder and CEO of Teamwork:

“We couldn’t be more excited to work with the fantastic team at Bregal Milestone to accelerate our growth and deliver on our strategic vision. As the founders of an agency in a past life, we know exactly what our clients need from a project management solution to run a more profitable, organized and efficient business ”.

Daniel Mackey, co-founder and CTO of Teamwork:

“We are extremely grateful to all of our customers and all of Teamwork employees who have helped us grow into the company we are today. We are excited to use Bregal Milestone’s investment to fuel growth and innovation on our platform while remaining focused on creating the best possible experience for our customers ”.

Ian Kwok, Director of Bregal Milestone:

“We are delighted to partner with Peter, Dan and their talented team for this next phase of Teamwork’s growth. Peter and Dan are true world class entrepreneurs and operators having built a complete end-to-end project management solution without any external capital. In the context of the rapid adoption of remote working and the growing demand for better workforce collaboration, Teamwork is well positioned to continue its successes and generate accelerated growth. Our strategic investment will dramatically accelerate Teamwork’s ambition to become the world’s leading SaaS project management platform for customer service companies. We look forward to supporting Teamwork to realize its exciting roadmap of innovation and expansion.

About teamwork

Teamwork provides a complete end-to-end SaaS platform to deliver client work with project management at its core. Teamwork clients track and manage their projects with a suite of integrated solutions such as help desk, collaboration, knowledge sharing and customer relationship management add-ons, enabling Teamwork to be the solution ” one stop shop ‘for business owners. Teamwork has offices in 5 countries and a global team of 270 employees serving more than 20,000 companies around the world.

Teamwork is headquartered in Cork, Ireland, with additional offices in Boston, Belfast, Amsterdam and Barcelona. For more information, please visit www.teamwork.com.

About Bregal Milestone

Bregal Milestone is one of Europe’s leading technology development capital firms dedicated to investing in ambitious, high-growth technology companies. The company provides growth capital and strategic assistance to support market-leading companies in the technology and technology services sectors. Bregal Milestone is part of Bregal Investments, a leading global investment firm that has invested over € 15 billion to date. For more information, please visit www.bregalmilestone.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210706005560/en/

CONTACT: Name: Jenny Coppola

Number: 508-654-8226

Email: jenny.coppola@teamwork.com

KEYWORD: EUROPE IRELAND UNITED KINGDOM

INDUSTRY KEYWORD: HUMAN RESOURCES INSURANCE PUBLIC RELATIONS / INVESTOR RELATIONS CONSULTING BANKING COMMUNICATION PROFESSIONAL SERVICES OPTIMIZATION SEARCH ENGINE SEARCH ENGINE MARKETING

SOURCE: Teamwork

Copyright Business Wire 2021.

PUB: 07/06/2021 10:53 am / DISC: 07/06/2021 10:53 am

http://www.businesswire.com/news/home/20210706005560/en

Copyright Business Wire 2021.

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