DURHAM — Teamworks Innovations Inc. has raised $15.3 million in equity, according to a Wednesday filing with the Securities and Exchange Commission.


The money was raised by nine investors, according to the filing.

Teamworks provides collaboration software for athletic organizations.

[The funding comes two weeks after Teamworks announced a new agreement with the Atlantic Coast Conference through which conference members will “employ communication and information sharing capabilities conference-wide.” Financial terms were not disclosed. The ACC utilized Teamworks in the 2017 Men’s Basketball Tournament as well as the league’s Baseball Championship.

[“The majority of our member institutions already use Teamworks with great success, so it was an easy choice to expand our use throughout even more areas within the league,” said ACC Commissioner John Swofford. “Teamworks has become the industry standard for athletic organizations and furthers the ACC’s priority to provide the best resources to our conference members.”]

New York-based Inner Circle Sports received $670,000 in sales compensation on the deal.

Led by CEO and founder, Zach Maurides, the Durham-based company helps athletic teams and organizations improve the way they share information and communicate.

Maurides was a sophomore football player at Duke when he came up with the idea for a mobile app to make communication easier for large groups.

The firm now services more than 1,000 pro and college clients globally.

The NCAA is one of the company’s clients and is the hub of communications for 132 teams in the men’s and women’s basketball tournaments.

In July 2016, Teamworks raised $6.25 million in its first round of funding.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism