Total amount raised
$75M
Latest funding date
2026-03-19
Location
Omnea has raised over $75 million across three equity funding rounds, backed by leading investors including Insight Partners, Khosla Ventures, Accel, First Round Capital, and Point Nine. Most recently, in September 2025, the company closed a $50M Series B to accelerate its AI-native procurement and supplier management platform. In March 2026, Omnea was selected for Tech Nation's prestigious Future Fifty programme, a non-equity accelerator initiative for the UK's highest-growth scaleups.
What Is Omnea?
Omnea, founded by Ben Freeman and Ben Allen, is headquartered in London and focuses on simplifying the B2B purchasing process. The company offers a comprehensive platform that manages requests, approvals, and renewals, providing critical visibility into spending for both buyers and finance & procurement leaders.
With a rapidly growing team, Omnea leverages AI-powered automation to streamline procurement workflows. Their solutions include Intelligent Intake, Renewal Management, Approval Workflows, Automated PO Creation, Supplier Portal, Supplier Risk Management, and AI Insights.
Omnea's mission is to transform modern businesses' approach to procurement, making it more efficient and transparent. The company has shown strong hiring growth and more than tripled revenue in 2025, and is actively expanding its team to support its innovative platform.
How Much Funding Has Omnea Raised?
- Seed Round
- Amount Raised: $5 million
- Date: September 2022 (announced October 2024)
- Lead Investors: First Round Capital, Point Nine
- Motivation Behind the Round: To build and develop the initial platform to address the complexities and inefficiencies in the procurement process.
- Series A Round
- Amount Raised: $20 million
- Date: October 2024
- Lead Investors: Accel (led by Partner Sonali De Rycker)
- Participating Investors: First Round Capital, Point Nine; angels include David Clarke (ex-CTO, Workday), Claire Hughes Johnson (ex-COO, Stripe), Anne Raimondi (COO, Asana)
- Motivation Behind the Round: To expand the platform and scale operations, driven by eightfold revenue growth and a growing customer base.
- Series B Round
- Amount Raised: $50 million
- Date: September 17, 2025
- Lead Investors: Insight Partners, Khosla Ventures
- Participating Investors: Accel, Point Nine, First Round Capital, Prosus
- Motivation Behind the Round: To accelerate AI Supplier Relationship Management capabilities, scale hiring across the US and UK, and continue hypergrowth.
- Tech Nation Future Fifty (Non-Equity Assistance)
- Amount Raised: Non-equity (no cash investment)
- Date: March 19, 2026
- Programme: Tech Nation Future Fifty 2026 cohort — a three-month UK government-backed accelerator for the country's most ambitious late-stage tech scaleups.
- Details: Omnea was selected among 25 high-impact UK scaleups. No equity or monetary investment involved.
Omnea has raised a total of at least $75 million in disclosed equity funding. The current valuation is not publicly disclosed, though third-party estimates place it at approximately $298M as of September 2025.
Key Investors
- Insight Partners
- Details: Insight Partners is a global software-focused private equity and venture capital firm based in New York, with a track record of backing high-growth SaaS companies.
- Investment Focus Areas: Enterprise software, SaaS, growth-stage technology
- Notable Investments: Twitter, Shopify, Qualtrics
- Khosla Ventures
- Details: Khosla Ventures is a Silicon Valley venture firm known for early and growth investments in transformative technology companies across AI, enterprise, and deep tech.
- Investment Focus Areas: AI, enterprise software, deep tech
- Notable Investments: OpenAI, DoorDash, Square
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of private company growth. They have a strong track record of supporting companies that become market leaders.
- Investment Focus Areas: Enterprise software, consumer internet, fintech
- Notable Investments: Facebook, Dropbox, Slack
- First Round Capital
- Details: First Round Capital is a venture capital firm that specializes in providing seed-stage funding to technology companies. They are known for their hands-on approach and extensive network.
- Investment Focus Areas: Seed-stage technology companies, innovative startups
- Notable Investments: Uber, Square, Warby Parker
- Point Nine
- Details: Point Nine is a venture capital firm focused on early-stage investments in SaaS and online marketplaces. They have a reputation for identifying and nurturing promising startups.
- Investment Focus Areas: SaaS, online marketplaces
- Notable Investments: Zendesk, Delivery Hero, Revolut
What's Next for Omnea?
Omnea stands at the cusp of a significant opportunity to revolutionize the procurement landscape. With the global procurement market projected to reach $5.26 trillion in 2024, the potential for growth is immense. Their AI-powered platform can streamline complex procurement processes, offering substantial efficiency gains and cost savings for organizations.
Given the vast market size and the increasing complexity of procurement, Omnea is well-positioned for future fundraising. The backing of prominent investors like Accel and First Round Capital underscores strong investor confidence, paving the way for additional funding rounds to expand their platform and market reach.
However, Omnea may face challenges from established players like SAP and Microsoft. Integrating their platform with existing systems and convincing organizations to adopt new processes will require significant effort. Despite these hurdles, the company's innovative approach and strong investor support position it well for future success.
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