Total amount raised
$55.3 Million
Latest funding date
3/1/2024
Location
Omni has successfully raised funding over five rounds, with Theory Ventures and Highland Capital Partners being among the most recent investors. The platform, which facilitated rentals of various items, has now closed but left a notable mark in the marketplace industry.
Keep reading to explore the intricacies of Omni's fundraising journey and the investors backing this innovative platform.
What Is Omni?
Omni was a marketplace platform that facilitated the rental of various items. Based in San Francisco, California, the company operated as a private entity and had an employee count ranging from 101 to 250. Despite its innovative approach, the company is now permanently closed.
Omni was categorized under apps, marketplace, and mobile industries. The company successfully raised funding through multiple rounds, with Theory Ventures and Highland Capital Partners being among its notable investors.
How Much Funding Has Omni Raised?
- Series Unknown
- Amount Raised: USD 20,000,000
- Date: March 2024
- Lead Investors: Theory Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop Omni's platform, enhance data access, reduce software costs, and save technical resources.
- Series B
- Amount Raised: USD 25,000,000
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expand its marketplace operations.
- Series A
- Amount Raised: USD 7,000,000
- Date: May 2016
- Lead Investors: Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance its technological capabilities.
- Convertible Note
- Amount Raised: USD 250,000
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide initial capital for operational expenses and early-stage development.
- Seed
- Amount Raised: USD 3,000,000
- Date: September 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and begin market penetration.
Total Amount Raised: USD 55,250,000. Current Valuation: Not publicly disclosed.
Key Investors
- Theory Ventures
- Details: Theory Ventures is a venture capital firm founded by Tomasz Tunguz. They have invested in Omni to support its platform development.
- Investment Focus Areas: Business intelligence solutions, innovative technology, data analytics.
- Notable Investments: Not publicly disclosed.
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that has invested in Omni. They focus on early and growth-stage investments.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
What's Next for Omni?
Omni's future looks promising with the recent $20 million funding from Theory Ventures. This financial boost will enable the company to expand its platform with new features like embedded analytics and Calculations AI, offering increased data access and self-service for companies. The addition of Lambert Billet to the board further strengthens their strategic growth and leadership.
As the demand for flexible and governed business intelligence tools grows, Omni is well-positioned to capitalize on this trend. The company may seek additional investment to support further development and expansion, leveraging its rapid growth and recent funding success. However, challenges such as balancing flexibility with governance and competing with established BI tools remain.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Omni and gather other critical business insights. Sign up for free to start leveraging these powerful tools today.
