Omnea Raises $20M in Series A Funding to Accelerate Growth and Enhance AI-Powered Procurement Platform
Omnea offers an AI-powered procurement orchestration and supplier risk management platform that automates the entire supplier lifecycle, allowing companies to control spend and manage third-party risk with ease.
Company Name: Omnea
Location: London, UK
Sector: AI, Procurement, Risk Management
Funding Details: Raised $20M in Series A funding led by Accel, with participation from existing investors First Round Capital and Point Nine Capital, alongside angel investors David Clarke (former CTO of Workday), Claire Hughes Johnson (former COO of Stripe), and Anne Raimondi (COO of Asana).
Purpose of Investment: The company will use the funds to triple its headcount by the end of 2025, investing in both its R&D and go-to-market teams, as well as opening new US offices to expand its global reach.
Product: Omnea offers an AI-powered procurement orchestration and supplier risk management platform that automates the entire supplier lifecycle, allowing companies to control spend and manage third-party risk with ease. The platform’s AI capabilities streamline procurement processes, improving the employee experience while ensuring continuous and automated supplier risk assessments. The company is rolling out a new suite of advanced third-party risk management features, further enhancing the platform's ability to assess supplier risk throughout the lifecycle.
Client Base: Omnea has rapidly gained traction with clients across Europe, North America, and APAC, counting industry leaders like AlphaSights, McAfee, Onfido, and TeamViewer among its customers.
Leadership Team:
- Ben Freeman, Co-Founder & CEO – Experienced operator in tech and procurement.
- Ben Allen, Co-Founder & COO – Focused on driving operational excellence.
- Sabrina Castiglione, CFO – Formerly CFO of Tessian and COO of Pento, bringing deep financial leadership expertise.
- Abhirukt Sapru, CCO – Former CRO of Tessian, bringing a wealth of commercial expertise to lead global sales efforts.
Future Plans: With this latest funding, Omnea is set to expand its global presence, enhance its AI-driven platform, and solidify its position as a leader in procurement orchestration and risk management.