Ignition leads investment in online sports site Korrio |
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Ignition leads investment in online sports site Korrio
Korrio, which is looking to streamline registration, rosters, scheduling and communications for youth sports teams, today announced that it has raised $3.3 million in financing from Ignition Partners and angel investors. As part of the investment, the startup also announced that Ignition's John Connors -- the former CFO at Microsoft -- has joined the board. The financing deal was previously reported after the company filed documents with the SEC last summer.
Korrio is led by Steve Goldman, the former CEO of Isilon Systems, and Brad Hefta-Gaub, who previously worked in technical positions at Revenue Science and RealNetworks.
Earlier this month, the company launched its Playflow service to help youth sports coaches and administrators automate team operations. The platform is currently being utilized by the Washington Youth Soccer league.
In addition to Ignition, Martin Coles, the former COO at Starbucks, and Sam Schmidt, a former Indy Racing League driver, participated in the financing.
Korrio appears to be going after the same market as Count Me In, a Seattle area startup which encountered legal and financial problems in 2009.
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