Servasport – a developer of software for managing sporting organisations and events – has secured €550,000 from WhiteRock Capital Partners as part of a series A funding round the company hopes will raise €2 million. The round is expected to close in the first half of 2016.
Over the past 18 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.
Servasport counts the GAA as one of its high-profile clients, where its platform is used to streamline daily interactions such as handling payments, disciplinary records and procedures, competitions, referee administration, player transfers, insurance and results and communication for over 1.5 million members.
Paul Millar of WhiteRock Capital Partners, said: “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”
Ronan Corr, founder and CEO, 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.”
Servasport’s other clients include Foroige, the World Police & Fire Games and the Professional Darts Corporation.
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