Bregal Milestone, a European software growth private equity firm, has announced a majority strategic growth investment in CoreGo Oy, a leading provider of open-loop payments and integrated technology solutions for festivals, sports events, and venues across Europe.
Founded in Helsinki in 2015 by Hannu Elomaa and CTO Nikoteemu Väänänen, CoreGo has developed open-loop payment infrastructure and event technology solutions. The company serves approximately 250 customers across the Nordics and DACH region, delivering an integrated suite of solutions through CoreGo Cloud, which unifies payments, access, networks, and data into a single real-time operating system.
CoreGo’s in-house private network capability allows for reliable, zero-downtime payment and data operations at scale, a feature noted as unique among pure-play event technology providers in Europe. Notable deployments include the Adele in Munich concert residency, which accommodated over 730,000 fans across 10 shows, Secto Rally Finland, and the World Ski Championships 2025.
In FY2025, CoreGo reported over 98% year-on-year profitable revenue growth. This performance was supported by a recurring revenue base and gross margins exceeding 85%.
Commenting on the investment, CoreGo’s Founder and CEO, Hannu Elomaa, stated, “We built CoreGo from the ground up – bootstrapped and with a clear focus on technology that performs in the most demanding live environments. Partnering with Bregal Milestone gives us the backing and expertise to take it further – into new markets and the next generation of our platform.”
Bregal Milestone’s investment is intended to support CoreGo’s European expansion, facilitating commercial partnerships with global platforms, advancing AI capabilities within its digital solutions, and further expanding its product suite into additional modules.
Cyrus Shey, Co-Founder and Managing Partner at Bregal Milestone, remarked, “CoreGo has become the infrastructure of choice for many of Europe’s most demanding live events. Its customer retention and ability to operate at scale demonstrate the strength of its offering. With open-loop payments still in the early stages of adoption across European live events, CoreGo is exceptionally well-positioned to lead that shift. We are excited to partner with Hannu and the team in the next phase of growth.”
The investment was made in partnership with founder and CEO Hannu Elomaa and the CoreGo management team. Carner Corporate Finance Oy acted as the exclusive financial advisor to CoreGo’s owners, while Alvarez & Marsal and White & Case advised Bregal Milestone. The specific terms of the transaction were not disclosed.
