Kore Software Closes First Outside Investment Deal With Serent Capital
N.Y.-based business management outfit Kore Software, which works with hundreds of teams, properties, brands and agencies, has closed on an undisclosed investment from S.F.-based private equity firm Serent Capital. The deal represents Kore’s first outside investment, as the firm has been funded to date by CEO Todd Cusolle and Chair Matt Sebal. Serent focuses on high-growth technology and services business, and last fall completed the development of a $572M fund. Serent is also an investor in ArbiterSports, a sports scheduling, registration and payments platform majority owned by the NCAA. “Our company is growing rapidly and can benefit from outside expertise and resources. Partnering with Serent Capital ensures that we can continue our upward trajectory,” Sebal said. Inner Circle Sports LLC advised Kore on the deal, and earlier this year served in a similar role for Teamworks’ $15M Series B funding round led by VC firm General Catalyst.