Estonian-founded business management software startup Scoro raises €4.4 million

Estonian-founded business management software startup Scoro raises €4.4 million

Scoro, a business management platform founded in Tallinn, Estonia, has raised €4.4 million in a Series A funding round led by Livonia Partners with participation from existing investors Inventure and Tera Ventures. The company plans to use the funding to grow its New York and London offices and further develop the platform's deep integrations and machine learning capabilities.

The platform developed by Scoro is marketed as an all-in-one business management solution that combines work management, sales, and billing capabilities in one workflow. It integrates with accounting software like Quickbooks and Xero, calendar apps, document management products, as well as Zapier and many others.

“It takes most professional service companies more than 10 different applications to get their work done,” said Fred Krieger, founder and CEO of Scoro. “There are separate apps for virtually every aspect of their workflow. The constant shuffling between different software causes a lot of fragmentation. Scoro solves that problem by combining these tools into a seamless end-to-end solution. This allows teams to become proactive, efficiently manage resources and make better and faster data-driven decisions.”

Founded in 2013, Scoro has raised a total of €6.1 million to date, including the current round. The company employs 65 people across its offices in New York, London, and the Baltics. Scoro stated that it has “thousands of customers” from more than 50 countries.

In the photo: Fred Krieger, CEO and founder of Scoro

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