For KORE Software, which provides business management solutions for sports and entrainment organizations, one of its ongoing goals is to share its success by helping other promising companies develop ideas and initiatives.
With that in mind, KORE has announced the creation of its venture capital entity, KORE Software Capital, LLC, which will target 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,” Todd Cusolle, President and Cofounder of KORE Software and KORE Software Capital, LCC, said in a statement.
The new capital fund’s first investment was in the group ticketing company, Fevo.
“Fevo is revolutionizing the way people attend events in groups,” Cusolle said. “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.”
