Bregal Milestone Announces Majority Growth Investment in CoreGo, a Leading European Open-Loop Payment and Event Technology Company

LONDON--(BUSINESS WIRE)--Apr 29, 2026--

Bregal Milestone, a leading European software growth private equity firm, today announced a majority strategic growth investment in CoreGo Oy ("CoreGo" or the "Company"), a leading provider of open-loop payments and integrated technology solutions for festivals, sports events, and venues across Europe.

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Founded in Helsinki in 2015 by Hannu Elomaa and CTO Nikoteemu Väänänen, CoreGo has built one of Europe's most differentiated open-loop payment infrastructure and event technology businesses. Serving approximately 250 customers across the Nordics and DACH region, the Company delivers an integrated showtime-critical suite of solutions through CoreGo Cloud, unifying payments, access, networks, and data into a single real-time operating system.

CoreGo’s in-house private network capability, the only such offering among pure-play event technology providers in Europe, enables reliable, zero-downtime payment and data operations at scale. Marquee deployments include the Adele in Munich concert residency, which drew more than 730,000 fans across 10 shows, Secto Rally Finland, the largest annual event in the Nordics, and the World Ski Championships 2025.

“We built CoreGo from the ground up – bootstrapped and with a clear focus on technology that performs in the most demanding live environments,” said CoreGo’s Founder and CEO, Hannu Elomaa. “Partnering with Bregal Milestone gives us the backing and expertise to take it further – into new markets and the next generation of our platform.”

In FY2025, CoreGo reported over 98% year-on-year profitable revenue growth, underpinned by a strong recurring revenue base and gross margins above 85%. Bregal Milestone’s investment will support the Company’s European expansion as it leverages commercial partnerships with global platforms, advances AI capabilities within its digital solutions, and further expands the product suite into additional modules.

“CoreGo has become the infrastructure of choice for many of Europe’s most demanding live events,” said Cyrus Shey, Co-Founder and Managing Partner at Bregal Milestone. “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 is 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 the owners of CoreGo. Alvarez & Marsal and White & Case acted as financial and legal advisors to Bregal Milestone. Terms of the transaction were not disclosed.

About CoreGo
CoreGo is a European open-loop payment and event technology solutions company providing integrated solutions for festivals, sports events, and venues. Founded in Helsinki in 2015, the company’s platform combines payments, access control, private network infrastructure, and real-time analytics into a unified system designed for high-volume live environments. CoreGo operates across the Nordics and DACH region, serving approximately 250 customers. For more information, visit www.corego.com or follow us on LinkedIn.

About Bregal Milestone
Bregal Milestone is a leading software private equity firm with c. €2 billion of capital raised since inception. The firm provides growth capital and operational support to build market-leading software companies. Bregal Milestone is part of Bregal Investments, a leading global investment platform with assets under management of over €19 billion. Bregal Milestone was recognized by GrowthCap as one of the Top Private Equity Firms of 2025. For more information, visit www.bregalmilestone.com or follow us on LinkedIn.

Bregal Milestone Announces Majority Growth Investment in CoreGo, a Leading European Open-Loop Payment and Event Technology Company

LONDON (AP) — The European Union accused Meta on Wednesday of failing to stop underage users from accessing Facebook and Instagram, in violation of the bloc's tough digital rules that require social media sites to protect minors.

The EU's executive branch said Meta Platforms lacked effective measures to prevent children younger than 13 from signing up, and that it was not doing enough to identify and remove children after they had opened accounts.

Meta's own minimum age to open an account on Facebook or Instagram is 13.

The problem is not just that children are getting access. The European Commission said Meta is also inadequately assessing the risk of children younger than 13 being exposed to “age-inappropriate experiences” on the platforms.

Meta disagreed with the decision, saying that it has measures in place to detect and remove accounts for anyone younger than 13.

“Understanding age is an industry-wide challenge, which requires an industry-wide solution, and we will continue to engage constructively with the European Commission on this important issue,” the company said in a statement, adding it will have more to share next week about additional measures it plans to roll out soon.

Brussels is targeting the Meta with the Digital Services Act, a sweeping set of regulations that requires tech companies operating in the 27-nation bloc to do more to clean up online platforms and protect internet users.

Meta now has the chance to respond to the preliminary findings, before the commission issues its final decision. Violations can result in hefty fines worth up to 6% of a company's worldwide annual revenue.

Henna Virkkunen, an executive vice president at the European Commission, said the bloc's investigation launched in 2024 found that Instagram and Facebook “are doing very little” to prevent children from getting access despite their own terms and conditions indicating “their services are not intended for minors under 13."

“The DSA requires platforms to enforce their own rules: terms and conditions should not be mere written statements, but rather the basis for concrete action to protect users – including children,” she said in a statement.

FILE - A Meta logo is shown on a video screen at LlamaCon 2025, an AI developer conference, in Menlo Park, Calif., April 29, 2025. (AP Photo/Jeff Chiu, File)