Work management software companies secure investments to help customers in the North American, APAC, and European markets simplify their technology stacks and eliminate distractions.

London — Scoro, an award-winning work management software for the professional services business, has completed a $ 16.4 million Series B funding round led by Kennet Partners. Additional investors include Columbia Lake Partners, Inventure, Livonia Partners and Tera Ventures. This investment will facilitate continued global expansion and will be supported by new French and Spanish versions of the software.

“Even before the Covid-19 hit, most professional services companies used 12 different platforms every day,” said Fred Krieger, Scoro’s founder and CEO. “But teams now find that constantly switching tools reduces productivity, data is lost, and work is duplicated. In many ways, these tools have become a distracting weapon for the masses. We are proud of the support of Kennet Partners and other investors to help companies identify and eliminate these large numbers of distraction weapons using end-to-end work management software. ”

Scoro’s latest product launch is the modernization of the Gantt chart, which hasn’t evolved since it was created at the turn of the 19th century. With the new funding, Scoro will continue to create innovative tools that enable professional services businesses to increase their productivity and profitability.

“The dramatic disruption of working practices caused by Covid-19 should give us a pause in thinking, challenge our assumptions, and encourage us to think about what the new normal should be.” And an experienced SaaS advisor and Skoro’s board of directors. “Workplace evolution is supported by platforms such as Scoro that enable staff to communicate and collaborate effectively and flexibly without distraction.”

Hillel Zidel, Managing Director of Kennet Partners, has also joined the board of directors with Dave Kellogg. Martin Fincham continues to lead the board of directors as Chairman of Scoro.

“We are honored to chair such a talented board and are very pleased to be supported on a scale-up journey by some of Europe’s top B2B SaaS investors,” Martin Fincham added. I did.

“Scoro is a good example of a high-growth, founder-led B2B SaaS company that we love to invest in Kennett,” said Hillel Zidel. “Clients can get a lot of value from Scoro. We are very pleased to be able to support Scoro’s international expansion when so many companies are looking for increased productivity.”

Scoro is now part of an elite group of start-ups founded in Estonia that has raised over $ 20 million in venture capital. Estonia is a world leader in creating successful per capita technology unicorns such as Skype, Transferwise, Bolt and Pipedrive.

For more information on Scoro’s end-to-end work management software and how it can help increase the productivity and profitability of your professional services business, please visit www.scoro.com.

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About Scoro

Scoro is an award-winning work management software platform for collaboration teams in the professional services and creative industries.

Thousands of teams in more than 60 countries trust Scoro to increase margins, save time and accelerate data-driven decision making. Unlike traditional single-use solutions, Scoro is scalable across your business, from projects and sales to billing and reporting.

Founded by Fred Krieger in 2013, Scoro is headquartered in London with offices in Tallinn and New York. Scoro is listed on Deloitte’s Technology Fast 50 list and Inc. 5000 list. For more information, please visit www.scoro.com.

About Kennett Partner
Kennet is a leading international growth equity firm investing in high growth companies in Europe and North America. With offices in London and Silicon Valley, the company is expanding its capital to support its entrepreneurial technology business in order to accelerate growth and build extraordinary shareholder value. Kennett is an experienced investor and manages a fund of approximately $ 900 million. For more information, please visit www.kennet.com.

About Columbia Lake Partners
Columbia Lake Partners is a team of experienced investors who provide investments in growing technology companies across Europe. The Columbia Lake Partners portfolio has expanded its investment of more than € 300 million to more than 100 companies. For more information, please visit www.clpgrowth.com.

About ventures
Inventures are one of the most experienced Scandinavian venture funds specializing in helping portfolio companies talent and grow. Since 2005, the team has deployed more than 70 companies and ventures, from deep technology to consumer internet brands such as Wolt, Detectify, Blueprint Genetics and Swappie. For more information, please visit www.inventure.vc.

About Livonia Partners
Livonia Partners is a private equity and growth capital firm that invests in companies with strong growth potential and offers investments ranging from € 10 million to € 20 million. For more information, please visit www.livoniapartners.com.

About Terra Ventures
Founded in 2016, Tera Ventures is an international investment firm that enables disruptive technology companies to grow into global leaders. For more information, please visit www.tera.vc.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20260309005457/en/

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Scoro raises $ 16 million in Series B funding to invest in end-to-end work management software