KORE Software has created a new venture capital entity, KORE Software Capital, which has made its first investment in the group ticketing company Fevo.
One of KORE's ongoing goals is to share its success by helping other promising companies develop industry-leading ideas and initiatives.
To further this goal, KORE created a venture fund in 2016 through its affiliated company, KORE Software Capital, targeting investments of up to USD1 million each.
KORE Software has made its first investment in the group ticketing company, Fevo. The company makes it easy for friends or companies of any size to create memorable group experiences.
"We're aiming for tech companies, emerging league team ownership positions, such as eSports, and other innovative companies within sports and entertainment," says Todd Cusolle, president and co-founder of KORE Software and KORE Software Capital.
"Fevo is revolutionising the way people attend events in groups. 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," says Cusolle.
