SINGAPORE, July 25, 2022 /PRNewswire/ — HR Automation Platform, Omni HR today announced its recent closure $2.4 million in an oversubscribed pre-seed funding round co-led by Alpha JWC Ventures and Picus Capital, with participation from FEBE Ventures, Basis Set Ventures, Ratio Ventures and Frances Kang at Horizons Ventures. This round has also been backed by a number of high-profile angel investors, including former executives from Namely and Ultimate Software.
Founded in 2021 by a former Goldman Sachs executive Brian Ip and veteran data engineer YC Chan, Omni HR provides a seamless employee management system that helps companies digitize and automate the end-to-end employee lifecycle on a single platform.
According Co-founder of Omni HR Brian Ip“Most companies in South East Asia currently use local HR software that only supports basic administrative functions, leaving many HR processes to be done manually. Meanwhile, HR software is one of the software categories that requires the most localization, due to different employment rules in different countries. This effectively creates a unique opportunity for local players to build a modern and scalable employee management platform based on South East Asia.”
Omni HR sees the market shifting from traditional HR or payroll software to more advanced and modern solutions that address the end-to-end employee journey. Omni HR’s goal is to become the employee management platform that enables organizations to digitize employee records, automate administrative tasks, and seamlessly interact with employee data across different systems. Omni HR believes that with the ongoing digital transformation and software adoption trends in South East Asiaits employee management platform would eventually become an important part of the region’s software infrastructure.
Since its soft launch in March 2022, Omni HR has been adopted by a number of companies to automate manual HR processes such as employee onboarding, leave management, and document management. The company is now coming out of stealth mode and 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. “We are better than the incumbents, not only because of our superior technology solutions, but also because of our understanding of the local context which allows us to design a product that meets the needs of our customers.”
Investors in this round bring a unique combination of operational expertise and strategic support. Alpha JWC is the investor in various top startups in Southeast Asia including Ajaib, Carro and Spenmo, while Picus Capital has extensive experience in investing in HR technology companies such as Personio, Bennie and WorkMotion.
With this new funding, the company will further enhance its all-in-one product offering, including the launch of a recruiting module by Q3 and a performance management module by Q4. , respectively.
“Omni is building an end-to-end HR suite that spans the entire employee lifecycle and automates repetitive workflow to help management manage their people operations. With solutions that address the issues most face, if not all, of the business types, we believe Omni HR has the unique potential to grow rapidly and become the HR SaaS of choice in the region,” says Jeffrey Joeco-founder and general partner of Alpha JWC Ventures.
“While the HR function is the most crucial in every business, we believe that the Southeast Asian market is still a blank space without comprehensive and localized tools to effectively manage a workforce and deliver a strong experience to employees Omni HR has built a superior solution by going beyond basic administrative functionality to automate repetitive workflows like onboarding into HR departments This need has been particularly accelerated by a growing number of software programs used in an increasingly remote business and workforce that is more difficult to manage with traditional IT infrastructure,” says Florian ReichertPartner and Managing Director at Picus Capital.
Omni HR is a software-as-a-service company that provides a seamless employee management system to help companies digitize and automate end-to-end HR processes on a single platform. Its platform currently offers features to automate manual HR processes, from employee onboarding to time off management to document management. Founded in 2021, Omni HR takes a regional approach to its business, starting with Singapore and Indonesia. For more information, please visit www.omnihr.co
Alpha JWC Ventures is an early stage venture capital firm in Southeast Asia. Its first fund was launched in 2016 as a indonesia first independent and institutional start-up venture capital fund. Over the years, Alpha JWC has built a strong reputation and clear market positioning as a leading venture capital firm with one of the largest on-the-ground teams in the region and a global network. The company currently manages approximately US$650 million AUM – the largest start-up fund in South East Asia – and more than 60 active portfolio companies across South East Asia. For more information, please visit www.alphajwc.com
Capital Picus is a privately funded international venture capital firm headquartered in Munich and offices at New York, beijing, Berlin, London, bangalore, stockholm and Sao Paulo. Picus invests primarily in pre-seed, seed and Series A rounds and focuses on technology companies in the areas of real estate, financial services, HR, energy and climate, logistics and mobility, e-commerce, health, cryptography and web3 and deeptech. As an entrepreneurial sparring partner, Picus Capital pursues a long-term investment philosophy and supports founders from the ideation phase to IPO and beyond. For more information, please visit www.picuscap.com
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Lynette Teo | Senior Digital Marketing Manager at Omni RH
SOURCE People Intelligence Singapore Pte Ltd