New technology from startup ventures is transforming the global sports industry. This Startup Series has introduced over 300 startup companies in the sports technology space to a broader audience by allowing Founders of promising new ventures to tell their story and pitch their idea. Feel free to submit your startup’s answers to the below questions or contact us if you know of a startup that should be considered for inclusion in this series.
This series is supported by Stadia Ventures. If you are a sports technology startup looking for strategic investors, we recommend checking out their upcoming accelerator programs.
Company name: Venuetize
Founder(s): Jon Romm, CEO; Karri Zaremba, COO
Headquarters: Tampa, FL
1. What is your elevator pitch?
Venuetize is a mobile technology company that allows shopping, dining, entertainment, and sports venues to deliver an innovative and personalized consumer experience. The company’s mobile platform integrates with existing venue infrastructure to deliver mobile wallets, contextual advertising and information, and other applications that improve and innovate the guest experience. The platform empowers businesses to acquire, retain, and monetize users by creating a comprehensive approach to visitor engagement. The company works with leading sports teams, stadiums and arenas, municipalities, and destinations throughout North America.
2. Problem & Solution
High traffic, high-value venues – sports arenas, shopping districts, transportation hubs, and others, have evolved with a diverse set of incompatible systems that are integral to operations. However, because of the diverse nature of the technology, it can be challenging to harness these disparate systems to optimize the consumer experience. Venuetize has built an interoperable ecosystem of more than 100 third party systems, a scalable platform, and a rich set of feature modules including: a mobile wallet; location-detection and proximity marketing; safety and security; and building automation. The company’s flexible, and extensible platform allows customers to leverage their siloed systems to both improve the consumer experience, and increase revenue opportunity
3. Market – your target market and the overall market
Today, Venuetize is targeting sports and entertainment venues, smart city IoT projects, and large retail and entertainment properties, mostly within North America. As the company extends its offerings – both in terms of capabilities and geographical reach – the addressable market increases from 110M mobile subscribers to seven billion handsets globally.
4. Business Model – how do you make money?
Venuetize provides its modular platform as a service. Revenue is generated by license fees, ongoing maintenance and software upgrades, and professional services related to implementation and launch and future enhancements and expansion.
5. Management Team – with titles
• Jon Romm, CEO / Founder
• Karri Zaremba, COO / Founder
• Nimish Shrivastava, CTO
• Patrick Mayworm, CFO
• Lou Fontana, VP, Product Management
• Chris Dill, VP, Business Development
6. Financial Needs: are you currently looking for investment? Have you raised investment already? If so, who are your investors?
Although Venuetize does not share publicly how much capital it has raised to-date, the company has access to additional capital and is always open to additional funding to further build out its platform and to participate in continued consolidation in the industry.
