What is Scoro?
Founded in 2013, Scoro offers an integrated SaaS platform designed to streamline operations for professional and creative service businesses. Its robust feature set encompasses project management, work scheduling, time tracking, customer relationship management (CRM), financial management including billing and invoicing, and detailed reporting capabilities. This all-in-one approach aims to enhance productivity and profitability for its clientele, positioning Scoro as a key player in the competitive business management software landscape.
How much funding has Scoro raised?
Scoro has raised a total of $23.3M across 3 funding rounds:
Angel/Seed
$1.9M
Series A
$5M
Series B
$16.4M
Angel/Seed (2016): $1.9M with participation from SmartCap, Inventure, and Alchemist Accelerator
Series A (2018): $5M led by Tera Ventures, Inventure, and Livonia Partners
Series B (2021): $16.4M supported by Columbia Lake Partners, Tera Ventures, Inventure, Kennet Partners Ltd, and Livonia Partners
Key Investors in Scoro
SmartCap
SmartCap, an investment arm of the Estonian Development Fund, focuses on early-stage venture capital for innovative Estonian technology companies, managing a significant portfolio of startups.
Tera Ventures
Tera Ventures is an Estonian venture capital firm specializing in early-stage, born-global digital startups, with a strong interest in AI, FinTech, and Security, supporting companies across Northern and Central Europe.
Livonia Partners
Livonia Partners is a pan-Baltic private equity fund manager that invests in businesses with strong growth potential across the Baltic region, providing growth equity and focusing on long-term value creation.
What's next for Scoro?
The recent major strategic investment signals a new phase of expansion for Scoro, likely focusing on enhancing its platform's capabilities, broadening its market reach, and potentially exploring new technological integrations. With a history of securing substantial capital, Scoro is well-positioned to further solidify its market leadership and continue its trajectory of innovation in the SaaS industry. Future developments may include advanced AI-driven analytics and deeper integrations with other business tools to offer an even more comprehensive solution.
See full Scoro company page
