By Adam White, @FOSAdam
Startups couldn’t be any hotter in sports right now. As more and more people continue to try and start their own businesses, established ones are creating venture capital arms in hopes of helping promising companies develop into industry-leading initiatives.
One such company getting into venture capital is longtime sports industry stalwart, KORE Software. With KORE Software Capital LLC, KORE will use its industry-leading capabilities in business management solutions for sports and entertainment to make strategic investments of up to $1 million each.
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Created less than a year ago, KORE Software Capital LLC has made its first investment in the group ticketing company, Fevo.
By making it easy for friends or companies of any size to create memorable group experiences, Fevo has transformed the event industry.
“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.
With the backing from KORE, Ari Daie, Fevo’s CEO, sees a relationship that will let them improve their product and increase their global presence and success.
“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.”
To learn more about KORE Software, click here.
To learn more about Fevo, click here.