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VenueNext Raises $15M

2016-10-13
SANTA CLARA, CA, VenueNext, the connected venue technology platform company, has secured $15 million in Series B financing in a round led by Causeway Media Partners.
VenueNext will use the new funds to expand into new verticals, including healthcare and hospitality, as well as internationally. VenueNext also announced its newest customer Sharks Sports & Entertainment, where it will power four different venue experiences for SAP Center at San Jose, the San Jose Sharks and San Jose Barracuda teams, beginning with the imminent 2016-17 Sharks Season.

'We have been impressed by VenueNext's execution and the business success they have generated at major U.S. professional sports venues to date and look to bring that best-in-class standard to each of our properties,' said Sharks COO John Tortora. 'We look forward to giving our guests more convenience and control starting with a new Sharks mobile experience at SAP Center this season.'

VenueNext's technology dramatically improves the guest experience via their smartphones and helps improve business performance for venue owners. VenueNext early adopter customers like the San Francisco 49ers and the Orlando Magic have generated millions of dollars in increased revenues to date from leveraging the power of VenueNext's platform at their respective venues. Other VenueNext customers include Yankee Stadium, home of the New York Yankees; Churchill Downs, home of the Kentucky Derby; U.S. Bank Stadium, home of the Minnesota Vikings; Belmont Park & Saratoga Springs, part of the New York Racing Association, and AT&T Stadium, home of the Dallas Cowboys.

'VenueNext has enjoyed tremendous success in the past year, forging a strong lead on delivering meaningful return on investment to our customers in sports and entertainment, with deployments at some of the largest and most iconic venues and events across the country, including Super Bowl 50 at Levi's Stadium and the Kentucky Derby at Churchill Downs,' said John Paul, CEO and Founder of VenueNext. 'With this latest infusion of capital, we will continue to innovate our platform and expand into other vertical markets, including healthcare and hospitality, and grow beyond the United States.'

To learn more about VenueNext, please visit www.venuenext.com or watch a short video to see how it works.

About Sharks Sports & Entertainment

Established in 2000, Sharks Sports & Entertainment (SSE) is a privately held corporation based in San Jose, California, which owns and operates a number of local sports properties, most notably the San Jose Sharks of the National Hockey League. Additionally, SSE manages SAP Center at San Jose, the premier sports and entertainment venue in Northern California; the San Jose Barracuda of the American Hockey League; the Sharks Foundation, the charitable arm of the Sharks organization; and Solar4America Ice at San Jose, Solar4America Ice at Fremont, and the Oakland Ice Center. For more information about Sharks Sports & Entertainment, visit www.sharkssports.net.

About VenueNext:

VenueNext is a connected venue technology company on a mission to transform the way people around the world experience venues. VenueNext's platform creates personalized mobile experiences that give guests convenience, control and choice over how they experience venues. The platform also generates data that gives venue owners real-time business intelligence to help them improve business outcomes. Founded in 2013, VenueNext is backed by Aurum Partners, Causeway Media Partners, Live Nation Entertainment, HPE Aruba, Twitter Ventures and others. VenueNext has offices in Silicon Valley, San Francisco, New York and London. VenueNext was named one of the top ten most innovative companies in sports by Fast Company in 2015 and the recipient of a 2015 Edison Award for Innovation.
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