Livonia Partners leads $5.2m series-A for Scoro

Previous backers Inventure and Tera Ventures also took part in the round.

The company plans to use the fresh capital to expand its New York and London offices, and develop its platform's integration and machine-learning capabilities. The deal brings the total amount of funding raised by Scoro to $7.1m.

Previous funding
Inventure, SmartCap, Tera Ventures and Alchemist Accelerator led a $1.9m seed round for Scoro in August 2016.

Company
Founded in 2013 in Estonia and headquartered in London, Scoro develops business management software. Its platform features calendars, task and project management tools, billing capabilities, enterprise-level reporting tools and real-time dashboards.

Scoro employs a staff of 65 people at its offices in London, New York, Tallinn, Riga and Vilnius, and serves customers in 50 countries across the world.

People
Livonia Partners – Kaido Veske, Rain Lõhmus (co-founders).
Inventure – Tuomas Kosonen (partner).
Scoro – Fred Krieger (founder, CEO).

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