What is OneSource Virtual?
Founded in 2008 and headquartered in Dallas, Texas, OneSource Virtual is a leading provider of Business Process as a Service (BPaaS) solutions. The company specializes in automating HR processes through its software, including Robotic Process as a Service (RPaaS), enabling organizations to streamline operations and elevate HR's role to a strategic business partner. OneSource Virtual's offerings are designed to support business growth and scaling demands, with a global presence across North America and Europe.
How much funding has OneSource Virtual raised?
OneSource Virtual has raised a total of $165M across 2 funding rounds:
Series A
$15M
Private Equity
$150M
Series A (2013): $15M with participation from Halyard Capital
Private Equity (2015): $150M led by Technology Crossover Ventures and Halyard Capital
Key Investors in OneSource Virtual
Halyard Capital
Halyard Capital is a private equity firm focused on high-growth sectors, particularly tech-enabled business and information services, with a strategy to drive value through strategic investments and operational enhancements.
Technology Crossover Ventures
Technology Crossover Ventures (TCV) is a prominent venture capital firm established in 1995, specializing in growth-stage technology companies and supporting their expansion through significant capital investments.
What's next for OneSource Virtual?
The substantial enterprise-level capital infusion positions OneSource Virtual for accelerated growth and market expansion. This strategic backing is expected to fuel further development of its BPaaS and RPaaS technologies, enhance its service delivery capabilities, and potentially support geographic expansion or strategic acquisitions. The company's focus on transforming HR into a strategic asset aligns with current market trends, suggesting a trajectory towards increased market share and industry leadership.
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