Teamwork Raises $70M in First-Ever Funding


Teamwork, a Cork, Ireland-based provider of a SaaS project management solution focused on Client Services companies, received a first-ever fundraise of $70m.

Bregal Milestone made the investment.

The company will work closely with Bregal Milestone’s in-house value creation team, Milestone Performance Partners, to further accelerate growth and invest in various product development initiatives to expand globally.

Founded in 2007 by entrepreneurs Peter Coppinger and Daniel Mackey, Teamwork provides a SaaS based platform for Client Services companies, enabling them to track, manage, and invoice their projects as well as providing a full suite of integrated solutions such as helpdesk, collaboration, knowledge sharing, and customer relationship management add-ons; enabling Teamwork to be the ‘one-stop-shop’ practice management solution for business owners. It is used by more than 20,000 teams across 170 countries.

The company has offices in 5 countries and a global team of 270 employees in Cork, Boston, Belfast, Amsterdam, and Barcelona.