The London and Cambridge Technology team advised Omnea on its $20 million Series A financing led by Accel. Other participants in the round included existing investors First Round Capital and Point Nine, who led the previously unannounced $5M Seed round.
Omnea is an end-to-end, AI-powered procurement and supplier management platform. With core offerings in procurement orchestration and automation, third-party risk management, and spend control, Omnea is the only tool to holistically manage the lifecycle and provide a single source of truth for all supplier data. Omnea was founded in 2022 by Ben Freeman and Ben Allen, and is backed by Accel, Entrepreneur First, First Round Capital and Point Nine.
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. 1Password, Atlassian, Bumble, Celonis, CrowdStrike, Cyera, Freshworks, Miro, Netskope, Oasis, Qualtrics, Scale, Segment, Slack, Snyk, Spotify, Supercell, Tenable, and UiPath are among the companies Accel has backed over the past 40+ years. They help ambitious entrepreneurs build iconic global businesses.
The Goodwin deal team was led by Adam Thatcher, Lucy Thomas, and Hannah Frost.
For more details on the financing, please see the press release here.