Korrio Adds $4.6M to Expand Youth Sports Sites
Korrio, the Seattle-based startup that offers websites to help grownups organize youth sports leagues, has raised another $4.6 million from existing investors. That brings the total venture investment in the company to nearly $8 million.
Korrio, founded in 2009, offers an online service corrals game and practice updates, and can also handle team registration, payments, and even creating rosters.
The startup has focused mostly on building a user base among youth soccer leagues—in a news release, founder and CEO Steve Goldman says the company’s service is used by “youth soccer leagues, teams, and clubs in more than 27 states and three countries.”
With the new investment, Korrio says it plans to expand into other sports beyond soccer. Existing investors contributed the cash, including Ignition Partners, which led Korrio’s $3.3 million Series A round in January 2011. Angel investors in the company have included former Starbucks operations chief Martin Coles and retired NFL and University of Washington quarterback Damon Huard.
Youth sports websites are an interesting next move for Goldman, who was previously CEO of Isilon Systems and a senior vice president at F5 Networks. The company has an office in Boston, along with its headquarters in Seattle.