All for sports!

Korrio® Secures $4.6 Million of Funding

Investment to accelerate product development to support rapidly growing member base in youth soccer and fuel Korrio’s expansion strategy

SEATTLE, WA (August 30, 2012) – Korrio (korrio.com), a cloud-based service for organizing and sharing youth sports, announced today it has secured $4.6 million in new funding from existing investors. This round of funding was raised to further support the development of Korrio’s online sports automation service as the company broadens its reach beyond youth soccer to focus across a variety of organized sports in the United States and abroad.

“When we launched the Korrio sports automation service six quarters ago, it was our intent to shake up the youth sports industry by introducing a new transformative online service for managing your sports life that would positively impact every stakeholder,” said Korrio Founder and Chief Executive Officer, Steve Goldman. “Korrio is now powering youth soccer leagues, teams and clubs in more than 27 states and three countries and is improving the youth sports experience for coaches, players and parents. This new funding will help us accelerate our momentum and fuel the development of new capabilities as we expand into new sports markets.”

Korrio integrates web, mobile and social tools to provide coaches, administrators, parents and players with a comprehensive and easy-to-use online home. Each user has a customized view into their team and club and receives real-time updates on important schedule, location and event details. The platform also streamlines and automates essential administrative tasks, such as registration, payment processing, roster creation, game/practice scheduling and web hosting.

About Korrio
Korrio is a cloud-based service for organizing youth sports. We unify and amplify the sports life of every athlete. Korrio provides the tools required to get players on the field as well as an online environment for staff, families and fans to share and build community. Korrio, founded in 2009, is transforming the sports experience for the 100 million+ Americans who participate. Visit us at korrio.com, twitter, Google+, Pinterest or Facebook.

Media Contacts
John Gates/Mark Baizen
Elevate Communications
617-861-3651/3680
jgates@elevatecom.com
mbaizen@elevatecom.com
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