Wednesday, January 26, 2011

Korrio Finds $3.3M

Seattle-based Korrio, a provider of sports automation software for online sports clubs, announced this morning that it has raised $3.3M in a Series A funding. The funding came from Ignition Partners and other private investors. According to Korrio, the new funding will go towards expanding its platform to a variety of organized sports. Korrio operates Playflow, online software which helps automate club and team operations for coaches, including features focused on the web, mobile, and social networking. As part of the funding, John Connors of Ignition has joined the company's board; individual angels Martin Coles (former COO of Starbucks and CEO of Reebok) and Sam Schmidt (Indy Lights) also participated and have joined the firm's advisory board. The funding had earlier been uncovered by Northwest Innovation in August. More information »