The Greenville, SC-based company recently secured $1.5M in Series A funding from Cultivation Capital – which also has an administrative office in Greenville, SC. As part of the transaction, Cliff Holekamp, co-founder and managing director at Cultivation Capital, will join the ScopeStack board. The funds will accelerate the company’s growth and expand its product offerings. Holekamp also serves on the SC Launch Inc. board of directors.
Developed by IT providers, ScopeStack offers a Software-as-a-Service (“SaaS”) solution for creating statements of work by redefining the presales process for IT services providers, managed services providers, and cloud services providers through a unique automation platform. The platform enables engineers to accurately price professional services, reduce the time to scope a project, and quickly generate statements of work while ensuring that accuracy and proper approvals are in place.
“Generating an accurate statement of work can be tedious, but ScopeStack understands the intricacies because the founders came from the IT service industry they serve. Their solution works extremely well because it’s truly an answer to the problems they saw first-hand,” said Lee MacIlwinen, SCRA investment manager. “ScopeStack makes scoping projects a turnkey process.”
“Most companies have no idea how much their inaccurate statements of work cost them. This includes the time to scope the project, the investment in the team to do the project, and the re-work an inaccurate statement can cause,” said Jon Scott, ScopeStack founder and CEO. “Lee and the team at SC Launch Inc. always believed in our development, and we appreciate their vote of confidence in the business solutions we provide.”
“ScopeStack’s commitment to helping businesses run more smoothly is consistent with our mission of helping business grow,” said Bob Quinn, SCRA executive director. “We’re excited to partner with them in their success.”
ScopeStack also recently launched a podcast helping businesses by discussing the dos and don’ts of scoping and managing IT projects. They have a growing client base, including some of the industry’s largest global IT distributors, resellers, and managed services providers.