Scoro has secured a €4.4 million Series A funding round led by Livonia Partners to enhance its business management platform and support its expansion into key markets.

Information on the Target

Scoro is a comprehensive business management platform founded in 2013, designed specifically for professional service firms. It offers an all-in-one software solution that integrates work management with sales and billing functionalities, allowing organizations to streamline their workflows effectively. The platform addresses the issue of fragmented tool usage by consolidating various essential applications into a unified system, enabling teams to work proactively and make informed, data-driven decisions.

According to Fred Krieger, the founder and CEO of Scoro, professional service companies typically rely on over ten different applications to complete their workflows. This disjointed approach often leads to inefficiencies and confusion. Scoro seeks to eliminate this fragmentation by providing a seamless end-to-end solution. The recent €4.4 million Series A round, led by Livonia Partners alongside existing investors Inventure and Tera Ventures, will support the company's growth initiatives, including the enhancement of its machine learning capabilities and expansions into the New York and London markets.

Industry Overview in the Target’s Specific Country

Scoro operates within the business management software industry, which has been experiencing significant transformation in recent years. The global shift towards digitization and remote work has accelerated demand for integrated solutions t