SKROL, an AI-powered platform transforming how small and mid-size businesses (SMBs) are acquired and transformed, announced its launch out of stealth. The company also revealed that it raised a pre-seed funding round led by Magnetic Capital (led by David Rosskamp) – which is a venture fund that was also an early investor of Grover, a company that was also founded by SKROL CEO and founder Michael Cassau.
SKROL’s goal is to modernize the small and mid-sized businesses that make up the backbone of the global economy by acquiring and transforming SMBs worldwide, applying the learnings from scaling high-growth tech startups to established businesses, and bringing in the human capital required to usher in the next generation of the company.
Launched by tech entrepreneur Michael Cassau, SKROL aims to transform the landscape of small and mid-sized businesses (SMBs) with its innovative AI-driven platform. And with the pre-seed funding secured, SKROL has ambitious plans to acquire 5,000 SMBs over the next four years, utilizing technology to drive operational efficiency and growth into the next generation.
]SKROL’s proprietary AI-powered technologies, including SKROL Mining, SKROL Flow and SKROL Score, are central to the strategy, streamlining the acquisition process and ensuring strategic alignment with SKROL’s goals. And SKROL Mining employs vast datasets to identify potential acquisition opportunities from every region, scanning through more than 500,000 active listings to pinpoint the most promising prospects.
SKROL Flow enables users to build their own deal flow based on their needs, offering the visibility at the portfolio level including aggregated KPIs with the possibility to zoom in to the deal level, assisting in the creation of tailored acquisition deals. And SKROL AI utilizes user feedback to refine AI-generated documents while ensuring complete privacy and confidentiality through full encryption and strict NDA compliance.
SKROL utilizes AI technology to match the supply of small businesses with the demand of professionals seeking to become CEOs along with securing capital to fuel their growth. After the acquisition, SKROL applies its tech startup expertise in areas like customer acquisition, access to capital, and talent development to optimize the operations of these small businesses.
With a target of acquiring 5,000 businesses by 2028, SKROL is set on becoming a leading force in the SMB acquisition and transformation space. Rooted in the vision of Michael Cassau, who after nine years of building Grover into a global success saw an opportunity to transform the SMB sector.
Cassau assembled a team of key figures from Grover to spearhead this new venture, bringing in
1.) Christopher Silva, co-founder and CTO with 18 years of technology leadership experience and
2.) Mitja Sadar, co-founder and CFO offering over 15 years of expertise in finance and venture debt.
KEY QUOTES:
“Many global economies are grappling with the dual challenge of an aging population and small-to-mid-sized businesses in desperate need of modernization. At SKROL, our mission is to breathe new life into these vital economic engines by equipping them with the three startup cores essential for success: customer acquisition, access to capital and access to talent. By preserving the rich heritage of these businesses while integrating innovative strategies from the tech startup world, we will unlock their full potential to drive economic progress for decades ahead.”
– Michael Cassau, founder and CEO of SKROL
“Artificial intelligence is revolutionizing the SMB sector like never before, optimizing operational workflows and business acquisition at an unprecedented pace. With SKROL’s advanced AI tools, SMBs can easily identify, evaluate and manage opportunities, ensuring sustainable growth and competitiveness in a sector so critical to our global economy.”
– Christopher Silva, co-founder and CTO of SKROL
