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Scoro has raised $18.0M across 2 funding rounds.
Scoro has raised $18.0M in total across 2 funding rounds.
Scoro is a professional services automation (PSA) software company that builds an integrated platform to manage projects, resources, finances, and client relationships in one system. It primarily serves consultancies, agencies, IT firms, architecture, and engineering companies, helping them streamline workflows, improve profitability, and gain real-time visibility into project performance and financial metrics. Scoro solves the problem of juggling multiple disconnected tools by unifying quoting, project management, resource planning, billing, and reporting, enabling professional service businesses to optimize operations and maximize efficiency. The company has shown strong growth momentum, with thousands of businesses across over 60 countries using its software and recognition as one of the fastest-growing tech companies by Deloitte in 2017[1][2][4].
Scoro was founded in 2013 by Fred Krieger in Tallinn, Estonia. The idea emerged from the need to provide professional service firms with a comprehensive tool that consolidates project management, resource allocation, and financial management into a single platform. Early traction included launching a mobile app in 2016 to enable work management on the go and gaining rapid growth recognition by Deloitte’s Technology Fast 50 in 2017. The company has since expanded with offices in London, New York, Tallinn, Riga, and Vilnius, growing its team to around 147 employees[1][2].
Scoro rides the growing trend of digital transformation in professional services, where firms seek to consolidate disparate tools into unified platforms to improve operational efficiency and profitability. The timing is favorable due to increasing demand for remote work enablement, real-time financial visibility, and automation in service delivery. Market forces such as the rise of cloud computing, AI integration, and the need for scalable project management solutions support Scoro’s growth. By providing a financial and operational layer that integrates with tools like Jira, Scoro influences the broader ecosystem by enabling service businesses to better manage resources, forecast revenue, and deliver projects profitably, thus raising the standard for PSA software[1][2][5].
Looking ahead, Scoro is likely to deepen its AI capabilities and expand integrations to further automate workflows and enhance decision-making. Trends such as increased adoption of AI-driven business intelligence, remote collaboration, and demand for end-to-end project and financial management will shape its journey. Its influence may grow as it continues to replace legacy PSA tools with a more modern, unified platform that empowers professional services firms globally. Continued expansion into new markets and verticals, along with enhancements in user experience and automation, will be key to sustaining its momentum and leadership in the PSA space[1][6].
Scoro has raised $18.0M in total across 2 funding rounds.
Scoro's investors include Inventure, Filip Larsson.
Scoro has raised $18.0M across 2 funding rounds. Most recently, it raised $16.0M Series B in March 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2021 | $16.0M Series B | Inventure, Filip Larsson | |
| Aug 1, 2016 | $2.0M Seed | Inventure, Filip Larsson |