The beginning-up can be creating new jobs in gross sales, advertising and product growth throughout Europe over the following two years.
TeamFeePay, a sports activities know-how start-up primarily based out of Belfast has closed a £9m fairness funding spherical to assist develop into new markets and gasoline a recruitment drive.
The spherical was led by YFM Fairness Companions, which invested $4.5m, Funding Fund for Northern Eire (IFNI), which threw £3m into the hat, together with £800,000 from Techstart and £700,000 from personal traders.
The £70m IFNI goals to drive financial development within the area by supporting native enterprise and innovation. The fund presents loans starting from £25,000 to £2m and fairness investments as much as £5m. In the meantime YFM invests between £3m and £15m in fast-growing UK companies.
TeamFeePay was co-founded in 2021 by Liam McStravick, who has been concerned in grassroots soccer as a coach for greater than 20 years. Over time, McStravick spent numerous time on administration, together with price assortment, which he stated took useful time away from teaching. He developed TeamFeePay as an answer.
The beginning-up has developed a software program platform that helps soccer coaches and golf equipment plan fixtures, coaching classes, occasions, monitor attendance and handle admin duties. The platform has practically 300,000 customers and helps greater than 1,500 golf equipment. New funding is predicted to assist allow development within the UK, allow additional enlargement into Europe and fund new product growth.
TeamFeePay additionally plans to create 75 new jobs in gross sales, advertising and product growth roles throughout the UK and Europe over the following two years.
“It’s unbelievable to have new traders approaching board to assist us on our mission to rework the enterprise finish of grassroots soccer throughout the UK, Eire and throughout Europe by providing a greater strategy to scale back administration and enhance membership earnings,” stated McStravick, who can also be the CEO of the corporate.
“Over the following two years we can be placing extra boots on the bottom, investing in new know-how and persevering with to enhance the service and membership growth help our skilled staff offers.” TeamFeePay made it to the 2025 Deloitte Quick 50 checklist alongside the likes of StormHarvester, Klearcom and Aerlytix.
Mike Clarke, a companion at YFM Fairness Companions stated, “We’re excited to make this £4.5m development funding into TeamFeePay, to assist an progressive firm scale and transfer into new markets whereas enhancing the service it presents to current prospects.
“This funding is additional proof of YFM’s dedication to supporting bold companies in Northern Eire.”
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