Scoro raised $16.4 mln Series B

Scoro said it has closed a $16.4 million Series B round led by Kennet Partners, international growth equity firm that invests in high-growth companies.

Additional investors include Columbia Lake Partners, which provides investment for growing technology companies, as well as previous investors InventureLivonia Partners and Tera Ventures, it said.

*We’ll continue to enable creative and professional service businesses to increase their productivity and profitability, as well as minimize the distractions caused by overly complicated tech stacks. We call these ‘weapons of mass distraction’.”

“Even before Covid-19 hit, many professional service businesses were using up to a dozen different platforms daily,” said Scoro’s Founder and CEO, Fred Krieger. “Covid-19 accelerated this trend, but business leaders now recognise that requiring teams to constantly switch between tools harms productivity, creates distractions, and results in duplicated work.”