23 Nov 2015 | 01.13 pm
Servasport Secures €550,000 From WhiteRock Capital
Company wants to raise another €2m in 2016
23 Nov 2015 | 01.13 pm
Event and sports software technology firm Servasport is seeking a Series A investment of €2 million on the back of securing €550,000 from WhiteRock Capital Partners. The company is working with investment advisors PKF-FPM and Grant Thornton, who expect to close this new funding round in the first half of 2016.
Servasport is a software enterprise company that manages people and events for sports organisations and brands that are seeking to build, manage and engage particular communities. It does this through its mobile, cloud based software-as-a-service (SaaS) platform, which means it is deployed through the internet.
Customers include Foroige, the World Police & Fire Games and commercial sports bodies like the GAA and Professional Darts Corporation.
Servasport manage and streamline daily interactions for the GAA, from grassroots local members right through to the senior executive team in Croke Park headquarters. This includes the systems that handle membership processes, events, payments, disciplinary records and procedures, competitions, referee administration, player transfers, insurance, fixtures and results and communication.
According to the company, the GAA solution interacts with 11,000 venues and handles approximately 400,000 fixtures and events annually with millions of messages sent per annum.
Servasport was recently selected to join the Microsoft VIP Partner Programme, meaning that the Servasport platform will now be marketed through the Microsoft global sales network.
Ronan Corr, founder and CEO of Servasport, said: “The WhiteRock investment is a real endorsement of our team and our strategy. WhiteRock, along with Ulster Bank, Invest NI and Microsoft share the same belief and ambition for the company and have been fantastic in helping drive the business forward.”
Paul Millar of WhiteRock Capital Partners, commented: “Servasport has an impressive track record and now have an exciting opportunity to establish themselves globally through the support of Microsoft as a strategic partner. Through our funding, Servasport can accelerate their growth plans and ultimately enhance the company’s position for a Series A investment”