March 30, 2021 | PRESS RELEASES
Summerville, SC – South Carolina Research Authority (SCRA) announces its affiliate, SC Launch, Inc.’s, investment of $250,000 in ScopeStack, Inc. The Greenville-based company offers a Software-as-a-Service (“SaaS”) solution for developing presales statements of work. This investment comes with ScopeStack’s plans for expanding its operations and workforce.
ScopeStack became an SC Launch Member Company in 2018 and successfully progressed through the program, receiving a $25,000 Project Development Fund Grant and a $50,000 Acceleration Grant. They eventually became an SC Launch, Inc. Portfolio Company by receiving this investment.
Developed by IT providers, ScopeStack is redefining the presales process for IT services providers, managed services providers, and cloud services providers through a unique automation platform. In what can be tedious process, ScopeStack’s platform enables engineers to accurately price professional services and reduce time to scope a project. It enables a quick turnaround for statements of work while ensuring that accuracy and proper approvals are in place.
“Solving problems and providing solutions is always top-of-mind when we consider supporting a startup. The ScopeStack team spent many years copying information from one platform to another manually and updating documents and spreadsheets to generate proposals. They fully understood the problem and came up with an innovative software solution to solve it,” said Lee MacIlwinen, SCRA Investment Manager. “ScopeStack is revolutionizing the statement of work process, making it truly turnkey.”
“To successfully grow any business, you need a trusted partner who believes in your mission and is willing to support you through the various phases of growth. SCRA is that trusted partner for us. We talk to them about the goals of our company, and they continually listen, while providing the support, advice, and the funding we need to continue growing,” said Jon Scott, ScopeStack Founder and CEO.
“Behind every statement of work is a plan of improvement or something new that is going to help an organization accomplish a goal. ScopeStack has taken the headache out of the statement of work process. Their platforms include everything from documentation and approvals to workflow and pricing,” said Bob Quinn, SCRA Executive Director. “We’re excited to see their next level of success.”
ScopeStack has a growing client base, including some of the industry’s largest global IT distributors, IT resellers, and managed services providers. You can learn more about ScopeStack by visiting them online.
About SC Launch Inc.
Established in 2006, SC Launch, Inc., is an independent, nonprofit corporation affiliated with SCRA, which provides loans and investments to selected South Carolina-based companies participating in the SC Launch program.
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority (SCRA) fuels South Carolina’s innovation economy through the impact of its four programs. SC Academic Innovations provides funding and support to advance translational research and accelerate the growth of university-based startups. SC Facilities offers high-quality laboratory and administrative workspaces for technology-based startups and academic institutions. SC Industry Solutions facilitates and funds partnerships between and among startups, industry, and academia. SC Launch mentors and funds technology-based startups that may also receive investments from SCRA’s investment affiliate, SC Launch, Inc.
Director of Marketing and Communications, SCRA
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