Sportlomo to create 25 jobs after WxNW investment
16 June 2016 | 0
Sportlomo, a Mayo-based developer of software for the efficient administration of amateur sports, has secured a €270,000 investment from Enterprise Ireland and angel syndicate, WxNW (West by Northwest).
The investment is the first from WxNW and will be used to create 25 jobs in software development, support and sales.
The announcement marks a targeted push by HBAN, a joint initiative of InterTradeIreland and Enterprise Ireland, to invest in early-stage businesses located in the West and Northwest of Ireland. This year, WxNW will aim to double its number of angels from 12 to 24, while injecting €2 million into start-ups in the region; boosting local economies and supporting local jobs.
Sportlomo was founded by Seamus Kyne and Vivienne Lee. Its software helps grassroots sports clubs and associations to reduce time spent on administration, using a cloud-based solution to track game schedules, collect results and manage fixtures.
The software also enables advertising and sponsorship opportunities for brands looking to specifically target a sporting audience. Brands can access over 200 sports websites through Sportlomo – including governing body, league and club sites.
“Our software streamlines administration for all of the top amateur sports in Ireland. We have demonstrated the efficiency of our software at home in Ireland and now we are ready to take the company to the next level,” said Sportlomo founder Seamus Kyne. “This angel investment has not only given us the funding to grow and employ 25 new staff members, but WxNW has also provides us with the experience, network and expertise to grow our business and reach new customers all around the world.”
WxNW syndicate founder John Mullen said: “We believe that Sportlomo has developed a truly innovative sports administration solution, with huge potential for implementation in a range of sports around the globe.
“WxNW is committed to attracting angel investors who are dedicated to giving start-ups based around the western seaboard the opportunity to grow. As a platform, WxNW enables investors to meet with high-potential start-ups, diversify risk and increase the chances of gaining significant returns on their investment. This is a great time for business angels looking to invest in the West of Ireland, as we are seeing some very innovative export companies emerging.”
Sportlomo is used by clubs and associations in Ireland, the UK, North America and the UAE to manage the data ofsports players and organisers of 52 sports organisations.