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 solution aims to enhance productivity and profitability for its clients by centralizing critical business functions.
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 Alchemist Accelerator, Inventure, and SmartCap
Series A (2018): $5M led by Inventure, Tera Ventures, and Livonia Partners
Series B (2021): $16.4M supported by Inventure, Tera Ventures, Kennet Partners Ltd, Columbia Lake Partners, and Livonia Partners
Key Investors in Scoro
Inventure
Inventure VC is a venture capital firm supporting ambitious founders in the Nordic and Baltic regions, specializing in early-stage investments. They focus on providing capital and strategic guidance to help companies scale.
Tera Ventures
Tera Ventures is an Estonian venture capital firm investing in early-stage, born-global digital startups, with a particular interest in AI-powered innovations and FinTech.
Livonia Partners
Livonia Partners is a pan-Baltic private equity fund manager focused on investing in businesses within the Baltic region that demonstrate strong growth potential, providing growth equity up to €25 million per company.
What's next for Scoro?
The recent major strategic investment signals Scoro's transition into a scaling phase, likely Series B or beyond, enabling the company to accelerate its market penetration and enhance its product offerings. This capital will be instrumental in expanding its sales and marketing efforts, potentially entering new geographic markets, and continuing to innovate its SaaS platform to meet evolving client demands. Scoro's focus on enterprise-level solutions positions it for sustained growth in the competitive business software landscape.
See full Scoro company page
