Bregal Milestone, a European software growth private equity firm, has made a majority strategic growth investment in CoreGo, a Helsinki-founded provider of open-loop payments and integrated technology solutions for festivals, sports events, and venues across Europe. Financial terms were not disclosed.
Founded in 2015 by Hannu Elomaa and CTO Nikoteemu Väänänen, CoreGo has built what it describes as one of Europe’s most differentiated open-loop payment and event technology platforms. The company serves approximately 250 customers across the Nordics and DACH region through CoreGo Cloud, a unified system combining payments, access control, private network infrastructure, and real-time analytics. CoreGo’s in-house private network capability is the only such offering among pure-play event technology providers in Europe, enabling zero-downtime payment and data operations at scale. Marquee deployments include the Adele concert residency in Munich, which drew more than 730,000 fans across ten shows, Secto Rally Finland, the largest annual event in the Nordics, and the World Ski Championships 2025.
In fiscal year 2025, CoreGo reported over 98% year-on-year profitable revenue growth, with gross margins above 85% and a strong recurring revenue base. Bregal Milestone’s investment will support European expansion, advancement of AI capabilities within its digital solutions, and further product suite development. The investment was made in partnership with founder and CEO Hannu Elomaa and the CoreGo management team. Bregal Milestone has raised approximately 2 billion euros in capital since inception and is part of Bregal Investments, which manages over 19 billion euros in assets.
KEY QUOTES:
“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.”
Hannu Elomaa, Founder and CEO, CoreGo
“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.”
Cyrus Shey, Co-Founder and Managing Partner, Bregal Milestone
