Korrio Seals $3.3 Million Series A Round
Summary
Online sports automation startup Korrio has raised $3.3 million in a first round of funding from venture firm Ignition Partners and undisclosed private investors. The company’s technology is designed to help coaches automate team operations across mobile, online and social networking formats. PRESS RELEASE Korrio™ (korrio.com), provider of the 21st century sports automation platform Playflow™, has secured $3.3 million in Series A funding from Ignition Partners and private investors. “There is a glaring need in the market for a solution like Korrio’s, which takes advantage of the efficiencies and scale of the software-as-a-service model and delivers a solution that saves time and money for administrators, coaches, volunteers, and families, allowing everyone to focus on playing the game.” Ignition Partners Ignition Partners, is a premier private investment group with offices in Bellevue, Washington and Shanghai, China. The investment group’s three categories of funds – early stage venture, growth capital and China ventures – brings together an unparalleled combination of domain focus, functional expertise and global operational experience with partners from leadership positions at Microsoft, McCaw Cellular Communications, AT&T Wireless, Cisco, Starbucks and other industry leaders.