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Scoot (Formerly Preciate)
Building stronger relationships with the power of personalized recognition and high-quality virtual socializing
About Scoot (Formerly Preciate)
Scoot, formerly known as Preciate, is a company that has developed a platform to strengthen relationships within the hybrid workplace. The company has secured $12 million in a Series A funding round led by Woodland Capital, which will be used to further develop its platform and expand its reach.
Scoot's services are designed for businesses that operate with a mix of in-office and remote employees. The platform aims to bridge the communication and relationship gaps that can emerge in such environments. By providing tools that foster connection, Scoot helps companies build stronger, more cohesive teams, which can lead to improved productivity and employee satisfaction.
The business model is likely a B2B SaaS model, where companies pay a subscription fee to use the platform. The target market includes any organization that has adopted a hybrid work model and is looking for ways to improve team dynamics and employee engagement.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Feb 2023 | $12M | $48M | Woodland Capital | ↗ |
| SEED✓Equity / VC | Jan 2021 | $4.6M | $18M | Inspiration Ventures | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Scoot (Formerly Preciate) is 3.9K monthly website visits, up 34.5% over the last three months. Scoot (Formerly Preciate)'s team grew 4.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Inspiration Ventures
Series A1 investor entered at this stage
Woodland Capital
Other known investors2 additional known investors
Justin Petro
Steve Waters
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Scoot (Formerly Preciate) on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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