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Omni HR secures $7.4M funding with Picus Capital, Alpha JWC Ventures, January Capital, and Ratio Ventures

Dec 09, 2024over 1 year ago

Contract Type

partnership

SingaporeSoftwareSaasEnterprise SoftwareHuman ResourcesEmployee Benefits

Description

Singapore-based employee management platform Omni HR has successfully closed a $7.4 million funding round, bringing its total funding to $9.8 million. The funding, led by Picus Capital and backed by Alpha JWC Ventures, January Capital, and Ratio Ventures, aims to address Asia’s growing demand for sophisticated and localised employee management solutions. Omni HR plans to utilize the funding to expand its product offerings across the Asia Pacific region, including the launch of multi-country payroll.

Company Information

Company

Omni HR

Location

Singapore

About

The company is now coming out of its stealth mode and is ready to expand across the region, starting with Singapore and Indonesia."Our initial traction has been promising and we're off to a great start," says Omni HR Co-Founder YC Chan. With the new funding, the company will further enhance its all-in-one product offering, including the launch of a recruitment module by Q3 and a performance management module by Q4, respectively. The firm currently manages around US$ 650 million AUM – the largest early-stage fund in Southeast Asia – and 60+ active portfolio companies across Southeast Asia. Founded in 2021 by former Goldman Sachs executive Brian Ip and experienced data engineer YC Chan, Omni HR provides a seamless employee management system that helps companies digitize and automate the end-to-end employee lifecycle in a single platform.According to Omni HR Co-Founder Brian Ip, "Most companies in Southeast Asia are currently using local HR software that supports only basic admin functions, leaving many HR processes to be done manually. With solutions that cater to problems faced by most, if not all, kinds of companies, we believe Omni HR has the unique potential to grow fast and become the region's HR SaaS of choice," says Jefrey Joe, Co-Founder and General Partner at Alpha JWC Ventures. Omni HR is a software-as-a-service company that provides a seamless employee management system to help companies digitize and automate the end-to-end HR processes in a single platform.

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