VenueNext Adds San Jose Sharks As Buyer, Announces $15 Million Series B Financing

VenueNext, a related venue know-how platform that has generated tens of millions of dollars in elevated revenues for sports groups, introduced Tuesday that its first NHL buyer is the San Jose Sharks.

Starting with the upcoming Sharks season, VenueNext will energy 4 totally different venue experiences at SAP Middle in San Jose, Calif. for Sharks Sports activities & Leisure, together with the AHL’s San Jose Barracuda.

“We now have been impressed by VenueNext’s execution and the enterprise success they’ve generated at main U.S. skilled sports venues thus far and look to deliver that greatest in school commonplace to every of our properties,” Sharks chief working officer John Tortora stated in a press release. “We sit up for giving our friends extra comfort and management beginning with a brand new Sharks cellular expertise at SAP Middle this season.”

VenueNext supplies a smartphone platform to enhance the visitor expertise, serving to venue house owners improve income and price financial savings. Different clients embrace the San Francisco 49ers, Orlando Magic, Yankee Stadium, Churchill Downs, AT&T Stadium and U.S. Financial institution Stadium.

“VenueNext has loved super success prior to now yr, forging a robust lead on delivering significant return on funding to our clients in sports and leisure, with deployments at a number of the largest and most iconic venues and occasions throughout the nation, together with Tremendous Bowl 50 at Levi’s Stadium and the Kentucky Derby at Churchill Downs,” John Paul, CEO and Founding father of VenueNext, stated in a press release. “With this newest infusion of capital, we’ll proceed to innovate our platform and increase into different vertical markets, together with healthcare and hospitality, and develop past the USA.”

The $15 million in Series B financing got here in a spherical led by Causeway Media Companions, permitting VenueNext to increase into healthcare and hospitality and internationally, in response to the corporate. The primary spherical of funding that raised $9 million was additionally led by Causeway Media Companions.