We are excited to share news about Scoro. One of the many success stories of startups that have their origins within the European Innovation Academy.

What is Scoro?

Fred Krieger is one of our alumni and now mentor. He founded Scoro, a business management platform. The main idea is to have an all-in-one business management software helps to bring teams, projects, sales, and reports together. So, this is a platform that helps professional service firms structure and manages their work more efficiently.

Scoro provides customers all over the world with an aggregated overview of business data.

They have recently closed a $5 million Series A round led by Livonia Partners with participation from existing investors Inventure and Tera Ventures. With this deal, Scoro adds up to over $7 million in their total amount raised from investors.

The funds will be used to expand their New York and London offices and develop the platform’s deep integrations and machine learning capabilities.

“It takes most professional service companies more than 10 different applications to get their work done,” said Fred Krieger. “There are separate apps for virtually every aspect of their workflow”.

The constant shuffling between different software causes a lot of fragmentation. So, Scoro solves that problem by combining these tools into a seamless end-to-end solution. This allows teams to become proactive, efficiently manage resources and make better and faster data-driven decisions.”

In 2018, Deloitte named Scoro one of the fastest growing technology firms in Central Europe and featured on the Inc. 5000 list.

“Soon Scoro will help users automatically prioritize their work across channels, using vast amounts of aggregated data. With the help of ‘Smart filtering’, Scoro will suggest which tasks and projects to tackle first, whether the next meeting will be productive or when to ignore something in the first place. Because, when everything is a high priority, nothing really is.”

– Fred Krieger CEO and Founder of Scoro

Check out more Success Stories from EIA here.