Scoot has raised $9.2M in total across 3 funding rounds.
Scoot's investors include 500 Global, Inspiration VC, Speedy Packets Inc., Alex Rigopulos, Blake Van Leer, Richard Melmon, Krillion Ventures, Scout Ventures, ACME Capital, Audrey Capital, BoxGroup, Cota Capital.
Scoot is a technology company that builds a next-generation virtual meeting, webinar, and events platform designed to enhance engagement and productivity in hybrid work environments.[1][3][4] It serves enterprises, including Fortune 500 companies, by addressing remote employee fatigue and disengagement through features like customizable environments, audience interaction tools, AI-generated summaries, analytics, and patented Social Presence® technology that mimics in-person networking.[1][3] The platform solves key problems in virtual interactions—such as static video calls—by enabling movement-based connections, hybrid capabilities, and seamless integration across devices, accelerating business processes like sales meetings, onboarding, and recruiting while providing deep customer journey insights.[1][4] As a certified B Corporation and remote-first company headquartered in Dallas, Texas, Scoot demonstrates strong growth momentum, with recent funding from Woodland Capital to expand product development and global scalability amid rising demand.[1]
Scoot originated in 2017 as Preciate, a response to the limitations of traditional virtual meetings, and rebranded to Scoot to emphasize movement and energy in collaborative spaces.[1] The company evolved from early innovations in audience engagement and hybrid events, gaining traction as enterprises adopted it for All-Hands meetings, webinars, networking, learning sessions, and more, especially during the shift to remote work.[1] A pivotal moment came with its name change and fresh funding round, led by Woodland Capital, which fueled product enhancements and positioned it for international growth, building on its status as a certified B Corp committed to healthier workplace relationships.[1]
Scoot stands out in the crowded virtual collaboration market through these key strengths:
Scoot rides the hybrid work trend, where persistent remote fatigue demands tools that foster authentic connections beyond basic video calls, amplified by AI advancements in meetings.[1][4] Its timing aligns with post-pandemic market forces favoring scalable virtual platforms for global enterprises, as companies seek engagement in sales, events, and development amid distributed teams.[1] By influencing the ecosystem as a B Corp pioneer, Scoot pushes competitors toward experiential virtual tech, enabling healthier relationships and faster business in a world where 70% of interactions remain hybrid.[1]
Scoot is poised to capture more market share by scaling its AI agents and global footprint, targeting underserved areas like virtual selling and large-scale events.[1][4] Trends in conversational AI, immersive hybrid tools, and workplace wellness will propel its growth, potentially evolving it into a core infrastructure for enterprise collaboration. As demand for human-like virtual experiences intensifies, Scoot's focus on movement and insights positions it to redefine hybrid productivity, building directly on its mission to energize connections in the modern workplace.[1][3]
Scoot has raised $9.2M across 3 funding rounds. Most recently, it raised $5.0M Seed in January 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2021 | $5.0M Seed | 500 Global, Inspiration VC, Speedy Packets Inc., Alex Rigopulos, Blake Van Leer, Richard Melmon | |
| Aug 1, 2013 | $4.0M Seed | Krillion Ventures, Scout Ventures | |
| Jun 1, 2012 | $230K Seed | ACME Capital, Audrey Capital, BoxGroup, Cota Capital, FirstMark Capital, Gotham Gal Ventures, Inspiration VC, Krillion Ventures, Maveron, Owl Rock Capital Partners, Rally Ventures, Scout Ventures, Anthony Saleh, David Cancel, Eric Ries, Jerry Fiddler, Justin Mateen, Lisa Gansky, Mark Jacobstein, Ramesh Haridas, Shervin Pishevar, Vikas Taneja |
