Scoro has raised $1.9 million funding round from SmartCap, Inventure, and Alchemist Accelerator, the work management software firm said.
Estonian Scoro will use the funding to accelerate the development of its automation features and integrations with other business tools. It will also help the work management software firm to expand its sales and support teams across its five international offices.
“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,”said Fred Krieger, co-founder and CEO at Scoro.
Hub in exploding market
Launched in 2013 in Estonia, Scoro is a comprehensive work management solution for professional and creative services. It helps to streamline work and eliminate unnecessary processes to ensure a business runs as smoothly and efficiently as possible. That includes functions from sales through to billing. Scoro’s features include calendaring, task and project management, quoting and billing, enterprise-level reporting and a real-time dashboard.
“The volume of apps in the enterprise space is exploding. Scoro is poised to become the hub to interface with this explosion,” said Ravi Belani, Founding Partner at Alchemist Accelerator.