Omni HR, an employee management platform based in Singapore, announced Monday that it has closed $7.4 million in funding, bringing its total funding to date since its founding in 2021 by Brian Ip, a former executive at Goldman Sachs.
According to a statement from Omni HR, Alpha JWC Ventures, January Capital, and Ratio Ventures participated in the round, which was led by Picus Capital.
Omni will use the funds to increase and improve its product offerings throughout the Asia Pacific region and intensify its localization efforts, including the introduction of multi-country payroll, in order to capitalize on its strong market traction—constantly growing in the double digits, month over month.
The company pointed out that developing sophisticated, adaptable workflows that function flawlessly across borders while preserving localization for their contemporary workforce is what rapidly expanding Asian businesses actually need.
“Asia has long been overlooked in the HR tech landscape, forcing companies to choose between global platforms that lack localization or local platforms that fail to scale,
“We’re changing that by building natively for Asia, blending localized features with modern functionalities like automations and flexible workflows,” said Brian Ip, Founder and Chief Executive Officer of Omni HR.
“Designed for the needs of modern, multi-country teams, we aim to be the foundational operating system for seamless and effective employee management,” he added.
Omni HR is a software-as-a-service company that was founded in 2021 and offers a centralized, data-driven workspace for contemporary people teams to manage teams, automate HR tasks, and manage payroll across multiple countries from a single platform.
Currently, its platform integrates with well-known office productivity suites and has features to automate manual HR processes, such as performance management and multi-country payroll.
With end users in 79 countries, the company currently serves hundreds of customers throughout Asia.
“We at Picus Capital are thrilled to partner with Omni HR as they revolutionize the HR tech landscape,
“Their innovative, full-stack approach addresses critical pain points for organizations, enabling them to streamline their operations and enhance employee experience,” said Naman Jhawar, Partner – Head of India and Southeast Asia, Picus Capital.
“We firmly believe in their vision and the potential to set new benchmarks in the industry,
“This investment reflects our commitment to backing forward-thinking founders who are transforming the future of work,” he added.
Notably, the Asia Pacific (APAC) region is experiencing rapid economic growth and business expansion; according to a recent McKinsey report, the region is responsible for an astounding 70% of global post-pandemic economic growth. This highlights the urgent need for HR solutions that take into account the region’s particular characteristics.
Navigating the difficulties of managing a global workforce with regional nuances will prove to be a significant HR challenge as more businesses seek to take advantage of this boom; Omni HR is equipped to handle this challenge.
