KORE Software Invests in Fevo, Kicking Off New VC Fund Intended to Catapult Innovative Sports and Entertainment Companies
NEW YORK, Feb. 22, 2017 /PRNewswire/ -- KORE Software, the global leader in business management solutions for sports and entertainment organizations, is excited to announce the creation of their venture capital entity, KORE Software Capital LLC. This new venture capital fund has made its first investment in the group ticketing company, Fevo.
One of KORE's ongoing goals is to share their success by helping other promising companies develop industry leading ideas and initiatives. To further this goal, KORE created a venture fund in 2016 through its affiliated company, KORE Software Capital, LLC, targeting investments of up to $1 million each.
"We're aiming for tech companies, emerging league team ownership positions, such as eSports, and other innovative companies within sports and entertainment," explained Todd Cusolle, President and Cofounder of KORE Software and KORE Software Capital, LLC.
For over a decade, KORE Software has been an innovator in sports technology and has brought industry advances to some of the most prominent sports and entertainment brands. KORE's many developments over the years have helped reshape the way teams across North America and Europe think about their fan and sponsorship data and relationships.
"Fevo is revolutionizing the way people attend events in groups. They've created powerful technology and taken a smart approach to a part of the business that aligns with KORE Software's values and interests in the sports and entertainment world. It will be a mutually-beneficial partnership," said Cusolle.
In regards to the funding, CEO of Fevo, Ari Daie, responded "We're thrilled to have this support and backing. KORE has revolutionized how fan relationships and sponsorship revenue are managed globally. Now KORE's experience and guidance will help Fevo improve the fan experience and achieve a huge level of success too."
About KORE Software:
KORE Software Capital, LLC's affiliate, KORE Software, is the global leader in sports and entertainment business management solutions. Serving more than 100 Major League teams and 200 collegiate customers worldwide, KORE provides practical tools to harness customer information including their preferences and behaviors, creates valuable insights, and helps teams follow up with powerful action.
The KORE Software product suite includes: ProSports Ticketing™, ProSports Sponsorship™, ProSports Suites & Premium™, and ProSports Data Warehouse & Analytics™. Click here for more information about KORE Software.
About Fevo:
Fevo facilitates easy, hassle free group ticket sales for consumers and works closely with the world's leading ticketing companies to integrate our core technology into their platforms. By making it easy for friends or companies of any size to create memorable group experiences, Fevo has transformed the event industry. For more information about Fevo, visit www.Fevo.com.
SOURCE KORE Software
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