Estonian-founded work management startup Scoro closes USD1.9 million funding round

The Estonian-founded, London-based work management software startup, Scoro, has closed a USD1.9 million seed funding round from SmartCap, Inventure and Alchemist Accelerator.

The company will use the funding to accelerate the development of its automation features and integrations with other business tools, it said in a statement. The funding will also help the company to expand its sales and support teams across its five international offices.

Launched in 2013 in Estonia, Scoro is an end-to-end work management solution that allows professional and creative services to control the entire workflow from one place. Scoro’s features include calendaring, task and project management, quoting and billing, enterprise-level reporting and a real-time dashboard, the company said.

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“We’re seeing a lot of new software solutions trying to solve future problems,” Fred Krieger, the CEO of Scoro, said. “AI and machine learning are set to completely reshape the way we work, but the underlying structure and processes of most companies are far from being ready for that. That’s exactly what we’re aiming to solve – provide this structure for our customers and thus become a crucial building block for these next generation work management applications.”

Scoro’s customers include professional services companies such as Grant Thornton, Sotheby’s International Realty and creative agencies such as Graphic Evidence and WSI.

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Cover image courtesy of Scoro.

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About the author: Sten Hankewitz

Sten Hankewitz is a lifelong journalist and Deputy Editor at Estonian World. Having lived in Estonia, Spain, the UK and all around the US, he now resides in Chicago, IL. He loves to write and besides working at Estonian World and doing some occasional blogging, he writes books and contributes to other outlets in Estonia, Israel and elsewhere. He has strong convictions and he shows them unashamedly. You can follow him on Twitter, like his page on Facebook or check out his personal blog. You can write to Sten at sten@estonianworld.com.