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Added further details around the acquisition of Envoice, elaborated on the platform function, and updated the recognition section with one new award. Corrected the to Deloitte Fast 50 recognition to be 2018, not 2017
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Scoro was founded in 2013, in [[Tallinn]], Estonia, by Fred Krieger.<ref>{{Cite news|url=http://tech.eu/brief/scoro-seed-round/|title=Workflow software startup Scoro raises $1.9 million seed round|newspaper=Tech.eu|language=en-US|access-date=2016-10-07}}</ref>
Scoro was founded in 2013, in [[Tallinn]], Estonia, by Fred Krieger.<ref>{{Cite news|url=http://tech.eu/brief/scoro-seed-round/|title=Workflow software startup Scoro raises $1.9 million seed round|newspaper=Tech.eu|language=en-US|access-date=2016-10-07}}</ref>


In August 2016, Scoro secured $1.9 million in investment capital during its [[Seed round]] of funding, which was led by three VCs: Inventure, SmartCap, and Alchemist Accelerator.<ref name="150sec.com"/> In November 2018, Scoro closed a $5 million [[Series A round]] led by Livonia Partners with participation from existing investors Inventure and Tera Ventures.<ref>{{Cite web|url=https://www.baltic-course.com/eng/good_for_business/?doc=144796|title=Estonian business management software company Scoro raises 4.4 mln euros from investors|website=The Baltic Course {{!}} Baltic States news & analytics|access-date=2019-09-27}}</ref> The deal brings the total amount raised from investors to $6.9 million.<ref>{{Cite web|url=http://superfounders.com/2018/11/estonian-business-management-software-scoro-raises-e4-4m/|title=Estonian business management software Scoro raises €4.4 Million {{!}} SuperFounders|last=Delova|first=Gabriela|website=superfounders.com|language=en-US|access-date=2018-11-05}}</ref> In 2021, Scoro raised $16.4 million in a [[Series B round]] led by [[Kennet Partners]], with participation from Columbia Lake Partners, Inventure, Livonia Partners, and Tera Ventures.<ref>{{cite web |date=9 March 2021 |title=Estonian-founded, London-based Scoro raises $16.4 million in Series B round |url=https://tech.eu/2021/03/09/estonian-founded-london-based-scoro-raises-16-4-million-in-series-b-round/ |website=Tech.eu|access-date=2026-05-05}}</ref> In January 2026, Scoro acquired Envoice, an Estonian AI-driven expense and bill management company.<ref>{{cite web |date=27 January 2026 |title=Scoro acquires Envoice to close the project cost visibility gap |url=https://tech.eu/2026/01/27/scoro-acquires-envoice-to-close-the-project-cost-visibility-gap/ |website=Tech.eu|access-date=2026-05-05}}</ref>
In August 2016, Scoro secured $1.9 million in investment capital during its [[Seed round]] of funding, which was led by three VCs: Inventure, SmartCap, and Alchemist Accelerator.<ref name="150sec.com"/> In November 2018, Scoro closed a $5 million [[Series A round]] led by Livonia Partners with participation from existing investors Inventure and Tera Ventures.<ref name=":0">{{Cite web|url=https://www.baltic-course.com/eng/good_for_business/?doc=144796|title=Estonian business management software company Scoro raises 4.4 mln euros from investors|website=The Baltic Course {{!}} Baltic States news & analytics|access-date=2019-09-27}}</ref> The deal brings the total amount raised from investors to $6.9 million.<ref>{{Cite web|url=http://superfounders.com/2018/11/estonian-business-management-software-scoro-raises-e4-4m/|title=Estonian business management software Scoro raises €4.4 Million {{!}} SuperFounders|last=Delova|first=Gabriela|website=superfounders.com|language=en-US|access-date=2018-11-05}}</ref> In 2021, Scoro raised $16.4 million in a [[Series B round]] led by [[Kennet Partners]], with participation from Columbia Lake Partners, Inventure, Livonia Partners, and Tera Ventures.<ref>{{cite web |date=9 March 2021 |title=Estonian-founded, London-based Scoro raises $16.4 million in Series B round |url=https://tech.eu/2021/03/09/estonian-founded-london-based-scoro-raises-16-4-million-in-series-b-round/ |website=Tech.eu|access-date=2026-05-05}}</ref> In January 2026, Scoro acquired Envoice, an Estonian AI-driven expense and bill management company.<ref>{{cite web |date=27 January 2026 |title=Scoro acquires Envoice to close the project cost visibility gap |url=https://tech.eu/2026/01/27/scoro-acquires-envoice-to-close-the-project-cost-visibility-gap/ |website=Tech.eu|access-date=2026-05-05}}</ref> The acquisition brought together Scoro's project management capabilities with Envoice's automated invoice capture and expense approval tooling, enabling professional services firms to track external costs against project budgets in real time. Both products continued to operate independently following the transaction.<ref>{{Cite web |date=2026-01-27 |title=Scoro acquires Envoice to close the project cost visibility gap |url=https://tech.eu/2026/01/27/scoro-acquires-envoice-to-close-the-project-cost-visibility-gap/ |access-date=2026-06-23 |website=Tech.eu |language=en-GB}}</ref>


The company has been named one of the fastest growing technology firms in Central Europe by the [[Deloitte Technology Fast 500]].<ref>{{Cite web|url=https://www2.deloitte.com/content/campaigns/ce/technology/fast-50/ce-fast-50-2018.html|title=Technology Fast 50 Central Europe {{!}} Deloitte|website=www2.deloitte.com|access-date=2018-11-05}}</ref> Scoro has also been featured on the [[Inc. (magazine)|Inc. magazine]]'s Inc. 5000 list as one of the fastest-growing private companies in America.<ref>{{Cite news|url=https://www.inc.com/inc5000/index.html|title=Inc. 5000 2018: America's Top Entrepreneurs|date=2018-08-15|work=Inc.com|access-date=2018-11-05}}</ref> In 2019, Scoro was named as one of the hottest young companies across [[Europe]] and [[Israel]] by TNW.<ref>{{Cite web|url=https://thenextweb.com/tech5/|title=TNW Tech5 2019|website=TNW Tech5|language=en-us|access-date=2019-07-19}}</ref>
The company has been named one of the fastest-growing technology firms in Central Europe by the [[Deloitte Technology Fast 500]].<ref>{{Cite web|url=https://www2.deloitte.com/content/campaigns/ce/technology/fast-50/ce-fast-50-2018.html|title=Technology Fast 50 Central Europe {{!}} Deloitte|website=www2.deloitte.com|access-date=2018-11-05}}</ref> Scoro has also been featured on the [[Inc. (magazine)|Inc. magazine]]'s Inc. 5000 list as one of the fastest-growing private companies in America.<ref>{{Cite news|url=https://www.inc.com/inc5000/index.html|title=Inc. 5000 2018: America's Top Entrepreneurs|date=2018-08-15|work=Inc.com|access-date=2018-11-05}}</ref> In 2019, Scoro was named as one of the hottest young companies across [[Europe]] and [[Israel]] by TNW.<ref>{{Cite web|url=https://thenextweb.com/tech5/|title=TNW Tech5 2019|website=TNW Tech5|language=en-us|access-date=2019-07-19}}</ref>


== Software ==
== Software ==
=== Mobile ===
=== Mobile ===
Scoro introduced its version 1.0 [[iOS]]<ref>{{Cite web|url=https://apps.apple.com/us/app/scoro/id1159643539|title=Scoro|website=App Store|language=en-US|access-date=2018-11-05}}</ref> and [[Android (operating system)|Android]]<ref>{{Cite web|url=https://play.google.com/store/apps/details?id=com.scoro.scoro&hl=et|title=Scoro – Rakendused Google Plays|website=play.google.com|language=et|access-date=2018-11-05}}</ref> application in 2016, allowing users to work from their [[iPhone]] or [[Android (operating system)|Android]] devices.
Scoro introduced its version 1.0 [[iOS]]<ref>{{Cite web|url=https://apps.apple.com/us/app/scoro/id1159643539|title=Scoro|website=App Store|language=en-US|access-date=2018-11-05}}</ref> and [[Android (operating system)|Android]]<ref>{{Cite web|url=https://play.google.com/store/apps/details?id=com.scoro.scoro&hl=et|title=Scoro – Rakendused Google Plays|website=play.google.com|language=et|access-date=2018-11-05}}</ref> application in 2016, allowing users to work from their [[iPhone]] or [[Android (operating system)|Android]] devices.

=== Platform ===
Scoro is a [[Software as a service|software-as-a-service]] platform designed for professional services firms, including consultancies, agencies, architecture firms, and IT companies. It provides tools for project management, resource planning, time tracking, billing, and financial reporting within a single system, with the aim of allowing firms to manage work from initial quote through to invoicing without switching between multiple tools.<ref>{{Cite web |title=News {{!}} Livonia Partners |url=https://www.livoniapartners.com/article/scoro-raises-16-m-to-take-work-management-software-to-next-level |access-date=2026-06-23 |website=www.livoniapartners.com}}</ref><ref name=":0" />


== Recognition and awards ==
== Recognition and awards ==
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* Category leader for Project Management category by GetApp<ref>{{Cite web|url=https://www.getapp.com/project-management-planning-software/project-management/|title=GetApp's Top Project Management Category Leaders|website=GetApp|language=en|access-date=2019-07-19}}</ref>
* Category leader for Project Management category by GetApp<ref>{{Cite web|url=https://www.getapp.com/project-management-planning-software/project-management/|title=GetApp's Top Project Management Category Leaders|website=GetApp|language=en|access-date=2019-07-19}}</ref>
* Easiest to Use Business Software by [[G2 Crowd|G2]]<ref>{{Cite web|url=https://www.g2.com/categories/business-process-management|title=Best Business Process Management Software in 2019|website=G2|access-date=2019-07-19}}</ref>
* Easiest to Use Business Software by [[G2 Crowd|G2]]<ref>{{Cite web|url=https://www.g2.com/categories/business-process-management|title=Best Business Process Management Software in 2019|website=G2|access-date=2019-07-19}}</ref>

=== 2022 ===

* Global Business Tech Awards: Tech Company of the Year (Medium Size) and Entrepreneur of the Year for CEO and founder Fred Krieger<ref>{{Cite web |title=2022 Winners |url=https://globalbusinesstechawards.com/2022-winners/ |access-date=2026-06-23 |website=Global Business Tech Awards |language=en-GB}}</ref>


== References ==
== References ==

Revision as of 10:45, 24 June 2026

Scoro Software OÜ
IndustrySoftware as a Service (SaaS)
GenreProject Management, Professional Services
Founded2013
FounderFred Krieger
HeadquartersLondon, England,
Area served
Worldwide
ProductsProfessional Services Automation Software
Websitewww.scoro.com

Scoro is a software-as-a-service platform for professional services firms, including consultancies, agencies, architecture firms, and IT companies. It provides tools for project management, resource planning, time tracking, billing, and financial reporting. The company is headquartered in London, England, with additional offices in New York, Tallinn, Riga, and Vilnius.[1]

History

Scoro was founded in 2013, in Tallinn, Estonia, by Fred Krieger.[2]

In August 2016, Scoro secured $1.9 million in investment capital during its Seed round of funding, which was led by three VCs: Inventure, SmartCap, and Alchemist Accelerator.[1] In November 2018, Scoro closed a $5 million Series A round led by Livonia Partners with participation from existing investors Inventure and Tera Ventures.[3] The deal brings the total amount raised from investors to $6.9 million.[4] In 2021, Scoro raised $16.4 million in a Series B round led by Kennet Partners, with participation from Columbia Lake Partners, Inventure, Livonia Partners, and Tera Ventures.[5] In January 2026, Scoro acquired Envoice, an Estonian AI-driven expense and bill management company.[6] The acquisition brought together Scoro's project management capabilities with Envoice's automated invoice capture and expense approval tooling, enabling professional services firms to track external costs against project budgets in real time. Both products continued to operate independently following the transaction.[7]

The company has been named one of the fastest-growing technology firms in Central Europe by the Deloitte Technology Fast 500.[8] Scoro has also been featured on the Inc. magazine's Inc. 5000 list as one of the fastest-growing private companies in America.[9] In 2019, Scoro was named as one of the hottest young companies across Europe and Israel by TNW.[10]

Software

Mobile

Scoro introduced its version 1.0 iOS[11] and Android[12] application in 2016, allowing users to work from their iPhone or Android devices.

Platform

Scoro is a software-as-a-service platform designed for professional services firms, including consultancies, agencies, architecture firms, and IT companies. It provides tools for project management, resource planning, time tracking, billing, and financial reporting within a single system, with the aim of allowing firms to manage work from initial quote through to invoicing without switching between multiple tools.[13][3]

Recognition and awards

2017

2018

  • Inc. 5000 fastest-growing companies in America[15]
  • Easiest to Use Business Process Management Software by G2[16]

2019

  • Best Software Companies in EMEA by G2[17]
  • FrontRunners for Project Management by Software Advice[18]
  • Category leader for Business Management category by GetApp[19]
  • Category leader for Project Management category by GetApp[20]
  • Easiest to Use Business Software by G2[21]

2022

  • Global Business Tech Awards: Tech Company of the Year (Medium Size) and Entrepreneur of the Year for CEO and founder Fred Krieger[22]

References

  1. ^ a b "Estonian business management software Scoro raises €4.4 million". Superfounders. 2 January 2018. Retrieved 2 January 2018.
  2. ^ "Workflow software startup Scoro raises $1.9 million seed round". Tech.eu. Retrieved 7 October 2016.
  3. ^ a b "Estonian business management software company Scoro raises 4.4 mln euros from investors". The Baltic Course | Baltic States news & analytics. Retrieved 27 September 2019.
  4. ^ Delova, Gabriela. "Estonian business management software Scoro raises €4.4 Million | SuperFounders". superfounders.com. Retrieved 5 November 2018.
  5. ^ "Estonian-founded, London-based Scoro raises $16.4 million in Series B round". Tech.eu. 9 March 2021. Retrieved 5 May 2026.
  6. ^ "Scoro acquires Envoice to close the project cost visibility gap". Tech.eu. 27 January 2026. Retrieved 5 May 2026.
  7. ^ "Scoro acquires Envoice to close the project cost visibility gap". Tech.eu. 27 January 2026. Retrieved 23 June 2026.
  8. ^ "Technology Fast 50 Central Europe | Deloitte". www2.deloitte.com. Retrieved 5 November 2018.
  9. ^ "Inc. 5000 2018: America's Top Entrepreneurs". Inc.com. 15 August 2018. Retrieved 5 November 2018.
  10. ^ "TNW Tech5 2019". TNW Tech5. Retrieved 19 July 2019.
  11. ^ "Scoro". App Store. Retrieved 5 November 2018.
  12. ^ "Scoro – Rakendused Google Plays". play.google.com (in Estonian). Retrieved 5 November 2018.
  13. ^ "News | Livonia Partners". www.livoniapartners.com. Retrieved 23 June 2026.
  14. ^ "Technology Fast 50 Central Europe 2019". www2.deloitte.com. Retrieved 19 July 2019.
  15. ^ "Inc. 5000: Meet the Most Inspiring Companies of 2018". Inc.com. 15 August 2018. Retrieved 19 July 2019.
  16. ^ "Best Business Process Management Software in 2019". G2. Retrieved 19 July 2019.
  17. ^ "Best Software Companies in EMEA". G2. Retrieved 19 July 2019.
  18. ^ "Best Project Management Software - 2019 Reviews & Pricing". www.softwareadvice.com. Retrieved 19 July 2019.
  19. ^ "GetApp's Top Business Management Category Leaders". GetApp. Retrieved 19 July 2019.
  20. ^ "GetApp's Top Project Management Category Leaders". GetApp. Retrieved 19 July 2019.
  21. ^ "Best Business Process Management Software in 2019". G2. Retrieved 19 July 2019.
  22. ^ "2022 Winners". Global Business Tech Awards. Retrieved 23 June 2026.
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