TeamFeePay has raised £9 million in funding to support its expansion into new markets and drive a significant recruitment push. The £9m funding round has been led by a £4.5m investment from YFM Equity Partners and a £3m investment by the Investment Fund for Northern Ireland (IFNI) equity fund, managed by Clarendon Fund Managers. The round also includes an £800,000 investment from Techstart and £700,000 from private investors.
Founded in 2021, the Belfast-based company develops software that helps grassroots football coaches and clubs manage administration while staying focused on coaching. The funding will be used to accelerate growth across the UK, enable expansion into Europe and support new product development. As part of this strategy, TeamFeePay plans to create 75 new roles over the next two years across sales, marketing and product development.
TeamFeePay was founded by Liam McStravick after identifying how administrative tasks such as collecting player fees were taking time away from coaching. The platform allows clubs to plan fixtures, training sessions and events, track attendance and manage administrative work, helping teams stay organised and operate more efficiently.
The company currently supports more than 1,500 clubs and almost 300,000 users. The investment is intended to help TeamFeePay scale its operations internationally and continue developing tools that support grassroots sport.
It is fantastic to have new investors coming on board to help us on our mission to transform the business end of grassroots football across the UK, Ireland and across Europe by offering a better way to reduce administration and increase club income. Over the next two years we will be putting more boots on the ground, investing in new technology and continuing to improve the service and club development support our expert team provides. We’ve been recognised as one of Ireland’s fastest growing companies in the Deloitte Fast 50 and as we look forward to TeamFeePay’s next phase of growth I’d like to thank our people, investors, shareholders and customers for supporting us as we’ve developed unique software that is helping empower clubs to thrive on and off the pitch.
Liam McStravick, Co-founder & CEO
We are excited to make this £4.5m growth investment into TeamFeePay, to help an innovative company scale and move into new markets while enhancing the service it offers to existing customers. This investment is further evidence of YFM’s commitment to supporting ambitious businesses in Northern Ireland. YFM has a strong track record of investment in tech-enabled SMEs with high growth potential in all regions of the UK and we look forward to supporting TeamFeePay.
Mike Clarke, Partner at YFM Equity Partners
We’re delighted to continue backing TeamFeePay with funding from the Investment Fund for Northern Ireland as they enter an exciting new phase of growth. This investment will help Liam and his team to expand into new markets and scale the business internationally. TeamFeePay has built a strong, mission-driven team with a deep commitment to grassroots sport, and we are confident they will continue to develop innovative solutions that help clubs of all sizes across the UK, Ireland and beyond to thrive.
Stuart Gaffikin, Investment Director at Clarendon Fund Managers
