Omnea, a leading AI-native procurement intake and orchestration platform, has raised £37m in Series B funding to accelerate its shift to a new era of AI-powered supplier relationship management. The round was led by Insight Partners and Khosla Ventures, with participation from Accel, Point Nine, First Round Capital, and Prosus bringing total funding to over £56m.
This announcement comes after another year of hypergrowth for Omnea. The company has grown revenue 5x and more than tripled headcount in the past 12 months, adding a number of high-profile enterprise businesses to its customer base across North America and Europe, including Spotify, Albertsons, Wise, Adecco and MongoDB. Omnea will use the fundraise to scale the next phase of its vision - AI-powered Supplier Relationship Management - and accelerate hiring across the US and UK.
Omnea’s momentum is set against the backdrop of the growing financial pressure faced by businesses of all sizes driven by increased interest rates, rising costs and an evolving regulatory landscape. At the same time, they are managing more suppliers than ever before. Every department is using more technology providers, consultants, and other third-party providers, driven by the advent of AI.
Procurement sits at this crossroads, tasked with keeping spend disciplined while constantly assessing and mitigating the third-party risk associated with every potential supplier. Despite its strategic importance, it remains chronically underserved by software, hampered by clunky processes that make it slow, manual and often dismissed as an administrative function. Omnea exists to change that. The company is expanding its agentic capabilities to unlock the strategic power of procurement.
Since being founded in 2022, Omnea has focused on making the procurement process more efficient for procurement teams, their employees and suppliers, and the varied stakeholders involved across finance, risk, IT and legal. The platform creates a single front door for employees to make requests in natural language, orchestrates workflows that seamlessly involve the right stakeholders and systems, and acts as a source of truth for every supplier used across the business.
Omnea is using the funds raised to scale the next phase of its AI SRM vision - built on the company’s single source of truth for vendor data, which is continuously refreshed through a two-way orchestration layer spanning the entire finance tech stack.
Freeman attributes Omnea’s rapid progress to an obsession with talent density, maintaining a lean team of rigorously selected high performers. Shortly after Omnea’s launch, Freeman reunited with former Tessian executives Abhirukt Sapru (CCO) and Sabrina Castiglione (CFO), who previously scaled Tessian into a cybersecurity innovator acquired by Proofpoint. With AI SRM, Omnea brings a transformative, competitive edge to the traditionally antiquated world of procurement.
