Asset Manager

Updated:

TeamSnap

Dave DuPont runs TeamSnap, a vertically focused SaaS and payments platform for youth sports, with over 25 million users.

TeamSnap

Founded in 2009 in Boulder, Colorado, TeamSnap emerged from the recognition that youth sports administration was a massive, under-digitized market run largely on spreadsheets and paper forms. Dave DuPont, who became CEO in 2018, refocused the company on its core scheduling and communication tools before expanding into adjacent services. The firm operates dual headquarters in Toronto and Boulder. TeamSnap targets the operational backbone of recreational sports — scheduling, roster management, messaging, and availability tracking — and has extended into payments via TeamSnap Payments and website hosting for clubs. The platform integrates directly with sports registration bodies and background-check providers (such as JDP via its 2022 acquisition) to embed compliance into the workflow. While TeamSnap is not an institutional investor in the traditional sense, its private-equity backer Waud Capital orchestrated a take-private acquisition in 2021, and the exit to EQT Growth in 2024 (per Axios, May 2024) signals a growth-equity thesis built on consolidating the youth-sports software stack. TeamSnap operates at a scale where transaction volume, rather than subscription fees alone, drives unit economics. The firm claims over 25 million users across more than 2 million teams (per the firm's official communications, 2024). Its professional headcount has not been publicly broken out since the EQT transaction. While it lacks adjacent family-office vehicles or philanthropic foundations, its structural footprint in local communities through leagues and clubs functions as a distribution network that payments companies and athletic brands pursue. TeamSnap's structural differentiator is its dual role as a vertical SaaS platform and an integrated payments processor within a single industry that most fintechs reach only through horizontal point-sale partnerships. By owning the scheduling and communication layer, TeamSnap captures the moment when a parent is most likely to pay a fee, without the drop-off of a redirect to a third-party processor.

General information

Firm type

Asset Manager

Year founded

2009

AUM

Undisclosed

Location

Region

North America

Country

Canada

City

Toronto

Corporate office

Toronto, Ontario, Canada

Additional offices

Boulder, Colorado, United States

Principals

Dave DuPont

Chief Executive Officer

Sector focus

Enterprise SoftwareMedia & Entertainment

Frequently asked questions

Who runs day-to-day operations at TeamSnap?

Dave DuPont has served as Chief Executive Officer since 2018. DuPont previously led the company's strategic shift toward integrated payments and deeper club-management tools. The firm's private-equity sponsors — first Waud Capital, then EQT Growth as of 2024 — hold board seats and influence capital-allocation decisions, but operational leadership sits with the executive team based across Toronto and Boulder.

How does TeamSnap generate revenue beyond software subscriptions?

TeamSnap Payments, its embedded payments product, allows leagues and clubs to collect registration fees, dues, and merchandise payments directly through the platform. The firm earns a transaction-based fee on volume processed, which shifts its revenue model toward a mix of recurring SaaS and variable payments income. This structure aligns TeamSnap's growth with the seasonal spending cycles of youth sports organizations.

What was the role of Waud Capital in TeamSnap's history?

Waud Capital acquired a majority stake in TeamSnap in 2021 and took the company private. Under Waud's ownership, TeamSnap acquired background-check platform JDP and expanded its payments infrastructure before selling a majority position to EQT Growth in 2024. The EQT transaction reportedly valued TeamSnap near $1.5 billion (per Axios, May 2024).

Does TeamSnap fund or invest in sports-tech startups?

TeamSnap operates as an operating company, not a venture investor. It has historically grown through a combination of organic product development and targeted acquisitions — such as its 2022 purchase of JDP — rather than through a corporate venture arm or fund-of-funds strategy.

Which customer segments does TeamSnap explicitly avoid?

TeamSnap does not target professional sports organizations or adult recreational leagues in the same way it serves youth clubs. Its product is designed around the specific workflow of parent-managed teams, volunteer coaches, and seasonal registration cycles, which limits its applicability to pro-team operations or enterprise athletic departments that use dedicated performance-management suites.

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