Omnea secures £15.3m in Series A funding led by Accel to expand operations and artificial intelligence capabilities.
The Series A financing round was led by Accel and will support team expansion and the development of new artificial intelligence features.
Omnea provides an artificial intelligence powered procurement orchestration platform designed to automate supplier lifecycles and manage risk. The system streamlines corporate spend controls through no-code workflows.
Omnea has secured £15.3m in Series A funding to expand its artificial intelligence capabilities and scale operations. The financing round was led by Accel, with participation from returning investors First Round Capital and Point Nine, alongside several high-profile angel backers. The fresh capital follows a period of rapid growth for the company, which has seen its revenue multiply significantly over the past year. Omnea plans to deploy the funds to triple its headcount by the end of 2025, grow its research and development and go-to-market teams, and establish a physical presence in the United States.
Founded in 2022 by former Tessian executives Ben Freeman and Ben Allen, the London-based firm aims to resolve complex challenges in corporate procurement. The platform automates supplier onboarding and third-party risk management while sitting alongside incumbent systems. With clients across multiple continents, Omnea counts notable enterprises among its user base. The latest investment will support the rollout of advanced risk management features and deeper artificial intelligence tools designed to improve the employee purchasing experience.
From the founder
"Procurement is fundamentally broken, making it one of the least-loved processes in businesses today. Finance and procurement leaders are fed up with seeing duplicative suppliers, missed renewals, and manually managed procurement processes. Omnea is meeting a critical need for companies of all sizes to get full control over their suppliers – not just in terms of spend, but also through the lens of information security and governance. We’ve seen significant early demand, and with our new AI capabilities and third-party risk management offering, we’re the only company in the space truly automating the full supplier lifecycle. We’re delighted to announce today’s funding so we can continue on our mission to take the pain out of procurement and supplier management once and for all."
Ben Freeman
Co-founder and CEO at Omnea
Investor perspective
"Business customers today are frustrated with traditional procurement software. Products are clunky and disjointed, generating numerous inefficiencies and unnecessary fees. We believe Omnea’s approach to procurement automation and orchestration is compelling and has the potential to redefine this multi-billion dollar category. It’s also exciting to partner once again with Ben, having gotten to know him and a number of the team well as a result of our early investment in Tessian. Having already attracted some of the UK’s most ambitious early-stage operators, we’re looking forward to seeing the Omnea team’s continued growth."
Sonali De Rycker
Partner, Accel
Use of funds
- 01Grow the team
- 02Fund research and development
- 03Accelerate go-to-market
- 04Expand into international markets
