Singapore SaaS startup Omni HR has secured $7.4 million in a fresh funding round led by Munich-based existing backer based Picus Capital, according to a statement on Monday.
Other investors who reupped in the round include Alpha JWC Ventures, January Capital, and Ratio Ventures which participated in the company’s $2.4-million seed round in July 2022. This brings the firm’s total fundraising since its launch in 2021 to $9.8 million.
Omni HR plans to use the capital to enhance its product suite, expand across APAC, and bolster localisation efforts, including launching a multi-country payroll. It aims to provide flexible, scalable solutions tailored to fast-growing companies operating across borders.
The company’s SaaS platform streamlines HR operations, offering automation, compliance, and actionable insights for modern teams. Its solutions integrate seamlessly with leading productivity tools and are tailored to meet the needs of dynamic, multi-country teams.
Omni HR claims to have strong market traction, with continuously growing in the double digits, month over month. To date, it has served hundreds of businesses across Asia with users in 79 countries, including some notable names like Endowus, Funding Societies, and Singapore’s Institute for Human Resource Professionals (IHRP). Around 70% of its clients have employees in more than one country.
In a statement, Brian Ip, founder & CEO of Omni HR, said “Asia has been underserved in HR tech, forcing companies to choose between global solutions that lack localisation or local platforms that fail to scale.”
“We’re changing that by building natively for Asia, blending localised features with modern functionalities like automation and flexible workflows. Designed for the needs of modern, multi-country teams, we aim to be the foundational operating system for seamless and effective employee management.”
Based on a report from McKinsey in 2023, the APAC region is estimated to account for 70% of global post-pandemic economic growth. This presents a unique challenge for businesses looking to capitalise on this boom: navigating the complexities of managing a global workforce with regional nuances.
Another report from LinkedIn Economic reveals a 35% growth in business expansion into APAC countries between 2019 and 2023, significantly exceeding the growth rates in Europe and the US. This surge in business expansion across Asia underscores the need for HR solutions that cater to the region’s unique characteristics.
Globally, there is a rise to a new generation of multi-billion-dollar HRIS leaders, including Rippling, Gusto, Personio, and Factorial. Picus was a pre-seed investor in European HRIS Personio, which is valued at $8.5 billion today.
Investors also expressed confidence in Omni HR’s vision. Picus Capital’s Naman Jhawar noted, “Omni HR revolutionised the HR tech landscape [..] 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.”