Irish event and sports software technology firm, Servasport is now seeking a Series A investment of €2 million on the back of successfully 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.
Commenting on its investment in Servasport, Paul Millar of WhiteRock Capital Partners said: “We are very pleased to support Servasport given their team, products, market opportunity and rapid growth. Servasport have 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”
Ronan Corr, founder and CEO of Servasport said: “The WhiteRock investment is a real endorsement of our incredible 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. We can now confidently look forward to attracting new investment partners as part our forthcoming financing round.”
Photographed announcing the latest €550,000 funding investment in Irish event and sports software technology firm, Servasport are from left to right: Ivor Watt, Servasport, Jenna Mairs, Whiterock Capital Partners and Tomas Meehan, CIO at GAA and a key customer of Servasport.
Picture Conor McCabe Photography
Over the past eighteen months, Servasport has forged a strategic relationship with Microsoft, who have been providing hands on technical and operational support to help transform it into a global leader in their sector. More recently, Servasport has been selected to join the Microsoft VIP Partner Programme, meaning that the Servasport platform will now be marketed through the Microsoft Global Sales Network.
One in three people in Ireland are already on the Servasport platform. The company is a valued supplier of technology to the largest sporting body in Ireland, the GAA. Servasport manage and streamline daily interactions for the organisation, 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. The GAA solution alone supports over 1.5 million people, 11,000 venues, approximately 400,000 fixtures and events annually with millions of messages sent per annum.
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.
The company is using the funds provided by WhiteRock to accelerate its growth. Servasport already boasts leading organisations such as Foroige, global events such as the World Police & Fire Games and commercial sports bodies like the Professional Darts Corporation amongst its clients.