Edison Interactive Receives $10.7M in Funding from Gold Legend

Edison Interactive, a West Palm Beach, Florid based SaaS technology company which is having specialization in developing the custom brand experiences for the mobile environments, has received a minority interest investment.

Golf legend, Greg Norman and his investing partner, David Chessler will going to provide the company with $10.7 Million including the $9.5 Million in the debt financing for some of the new initiatives. Post investment, Norman will be going to join as the Edison Board of Director.

The new raised fund will be going to be used to accelerate the product innovation and further expansion.

The startup which is co-founded by the Jeremy Ostermiller and Nick Stanitz Harper. Edison Interactive specializes in developing the custom brand experiences for the mobile environments which is more focused on innovating the digital experiences in rental vehicles, ride-shares, airplanes, corporate housing, golf cars and other sort of verticals. The company also provides the premium content and programmatic advertising opportunities for its clients.

“As Edison is one of our development partners for Shark Experience presented by Verizon, we are excited about our investment and encouraged by the growth and opportunity in the digital out-of-home space,” said Norman. “I look forward to helping the company both from a financial and advisory role.”

“Our technology platform is dramatically changing digital experiences for companies around the globe,” said Jeremy Ostermiller, Edison Interactive co-founder and CEO. “We could not be more excited about our partnership with Greg Norman and David Chessler as it's rare to find investors whose values, goals and strategic mindsets align so closely with our own.”

About Greg Norman

Arguably the most successful athlete-turned-businessman in the world, Greg Norman is known as much for his entrepreneurial spirit in the boardroom as his dominance on the golf course. The internationally renowned “Great White Shark” won more than 90 tournaments worldwide, including two Open Championships, and holds the distinction of defending his No. 1 position in the world golf rankings for 331 weeks. Greg Norman now transcends the game of golf, with over a dozen companies around the world bearing his name and the iconic shark logo as part of the Greg Norman Company, which he leads as Chairman & CEO.

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