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Scoro develops a professional services automation (PSA) software designed to centralize and streamline operations for various service-based businesses. Its core platform unifies project management, resource planning, and financial tracking into a single system, enabling comprehensive visibility across the entire project lifecycle from initial estimates to invoicing. The software offers deep financial insights, advanced quoting tools with cost and margin visibility, and real-time profitability forecasting, complemented by Scoro AI for intelligent data interpretation.
Founded in 2013 by Fred Krieger, Scoro originated from the insight that professional services firms struggled with fragmented workflows and disparate tools for managing their projects, resources, and financials. Krieger aimed to create a holistic solution that would eliminate the inefficiencies arising from scattered data and unintegrated systems, providing a unified source of truth for business operations.
The platform serves consultancies, agencies, IT firms, architecture, and engineering companies, among other professional services, seeking to consolidate their tech stack and enhance operational efficiency. Scoro's vision is to empower these businesses to gain greater control, boost profitability, and standardize their processes by offering a seamlessly integrated system that covers all aspects of service delivery and financial performance.
Scoro has raised $23.2M across 3 funding rounds.
Scoro has raised $23.2M in total across 3 funding rounds.
Scoro has raised $23.2M across 3 funding rounds. Most recently, it raised $16.0M Series B in March 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2021 | $16M Series B | — | Inventure, Filip Larsson, Columbia Lake Partners, Livonia Partners, Tera Ventures | Announced |
| Nov 6, 2018 | $5.2M Series A | Livonia Partners | Inventure, Tera Ventures | Announced |
| Aug 1, 2016 | $2M Seed | — | Inventure, Filip Larsson, Ravi Belani, SmartCap | Announced |
Scoro has raised $23.2M in total across 3 funding rounds.
Scoro's investors include Inventure, Filip Larsson, Columbia Lake Partners, Livonia Partners, Tera Ventures, Ravi Belani, SmartCap.
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].
