Scoro to get involved in a $16.4 million Series B funding round led by Kennet Partners.

Finland Estonia United Kingdom 09 March 2021

Scoro, Talinn, Estonia-based SAAS developer of work management solutions, announced securing $16.4 million in Series B funding round

The money was raised from investors led by Kennet Partners and includes contributions from Columbia Lake Partners, Inventure, Livonia Partners and Tera Ventures.

Hillel Zidel from Kennet Partners will join the Board of Directors, alongside Dave Kellogg who chairs from the San Francisco Bay area. Martin Fincham, Partner at The Gorilla Factory continues to lead the Board of Directors as Scoro’s Chairman.

Proceeds will be used for geographical expansion.

Scoro, founded in 2013 by CEO Fred Krieger, developed an end-to-end business management solution that allows professional and creative services to control their entire workflow from one place. It allows users to streamline work and eliminate routine tasks to ensure a business runs as efficiently as possible – from sales right through to billing.

Prior to this deal, the company raised about $7 million, with a last round of $5M in 2018.

Total investments received (USD): 23.5M