Deal typePrivate Equity & Transaction Services
IndustryTechnology & Media
Client nameAccel
BDO has provided financial due diligence for Accel, which led the $20m Series A round into Omnea.
Omnea was founded in 2022 by Ben Freeman and Ben Allen to bring a scalable and easy-to-use procurement platform to the global procurement software market. The platform is AI-powered and Management consider it to be the only platform that holistically manages and automates a company’s full supplier lifecycle across both spend and risk management.
The Company experienced revenue growth of 8x over the past year with clients across Europe, North America, and APAC.
The Series A raise of $20m is to continue the development of the product and achieve continued growth.
Accel led the round, with participation from existing investors First Round Capital and Point Nine, who led the previously unannounced $5M seed round.
The BDO project team included Jeff Harris, Mark Jones, Raeis Essop.
Omnea was founded in 2022 by Ben Freeman and Ben Allen to bring a scalable and easy-to-use procurement platform to the global procurement software market. The platform is AI-powered and Management consider it to be the only platform that holistically manages and automates a company’s full supplier lifecycle across both spend and risk management.
The Company experienced revenue growth of 8x over the past year with clients across Europe, North America, and APAC.
The Series A raise of $20m is to continue the development of the product and achieve continued growth.
Accel led the round, with participation from existing investors First Round Capital and Point Nine, who led the previously unannounced $5M seed round.
"Delighted to be part of another successful investment for the Accel team into a fast-growing UK technology business. This adds to our experience in the sector and in the Series A-C market."
Mark Jones, Partner, BDO LLP
The BDO project team included Jeff Harris, Mark Jones, Raeis Essop.