SBD/January 26, 2011/Finance

Seattle-Based Startup Korrio Closes On $3.3M Round Of Venture Capital Financing

Korrio Inc., a Seattle-based startup developer of an online youth sports information and communications platform, has closed on a $3.3M Series A round of venture capital financing. The funds were supplied by Ignition Partners of Bellevue, Wash., and a series of private investors including former Reebok Brand President and Nike Exec VP Martin Coles and IndyCar team owner Sam Schmidt. Coles and Schmidt also will join Korrio's board of advisors. Korrio's flagship product, Playflow, seeks to collate youth sports schedules, statistics and scores, messages, roster management, registrations, weather and field conditions, and other relevant data in a centralized, secure online platform.
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