INFLCR, a fast-rising Birmingham startup that provides social media for athletes and their teams, has taken a majority investment from Teamworks, a Durham, North Carolina company that provides online platforms for college and professional athletic teams and conferences.
The two software-for-services companies announced the agreement on Oct. 7 but did not release terms of the deal.
INFLCR was founded in 2017 by Jim Cavale, a former University of Montevallo baseball player who founded Iron Tribe Fitness, a Birmingham-based chain of more than 45 gyms across the country. He sold out of Iron Tribe after seven years and started INFLCR.
“Becoming part of the Teamworks family is a strong culture fit, as both companies were founded by former collegiate student-athletes who share a strong vision to serve and empower athletes,” said Cavale. “The shared athlete-first DNA reinforces our mutual goal to deliver best-in-class technology solutions across the industry. We’ve enjoyed rapid growth since our inception, which will only be accelerated by the support and network Teamworks has to offer.”
“We recognized INFLCR’s potential and the synergies between our brands: empowering athletes is at the core of both companies,” said Zach Maurides, CEO and founder of Teamworks. “We were in a position similar to INFLCR five years ago and understand the market potential.”
INFLCR counts among the clients that use its social networking services Duke basketball and Miami football. Teamworks counts as customers “more than 2,500 teams around the world.”