# Osome

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/osome

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.osome.com
- Total disclosed funding: $71M
- Latest round: Series B (Jul 20, 2024)
- Investors on record: 20

## About

Osome Pte. Ltd., based in Singapore, provides essential corporate services that streamline business incorporation and accounting, assisting local and foreign entrepreneurs in navigating regulatory requirements efficiently.Founded in 2017, Osome specializes in enabling businesses to establish a registered presence in Singapore with ease. Victor Lysenko, the CEO and founder, has a background in entrepreneurship, although specific details of previous ventures are not available. The company has successfully closed 8 deals, with the latest funding round occurring on July 20, 2024, where they raised USD 17 mn in Series B funding.Osome offers a range of corporate services, including online company incorporation, accounting, and corporate secretarial services. Their in-house software aids in bookkeeping, invoicing, and financial reporting, catering to solo founders and business owners alike. By addressing the needs of entrepreneurs looking to set up in Singapore, Osome enhances the efficiency of their financial administration and compliance.In 2023, Osome reported a revenue of USD 13.81 mn. The company operates on a subscription-based pricing model for its incorporation and accounting services, providing tailored packages to meet the diverse needs of individual entrepreneurs and businesses. Their offerings, including incorporation services and subscription-based accounting software, are crucial for maintaining financial compliance and supporting growth.Following a successful funding round in May 2024, where Osome raised USD 17 mn, the company plans to utilize these funds to automate its technology and enhance customer-related services. They are also looking to expand their market presence beyond Singapore, targeting new regions to increase their client base. Specific upcoming product launches and timelines have not been disclosed, but the focus remains on improving operational efficiency and service delivery.

## Funding rounds

- Series B, Jul 20, 2024, $38M — Illuminate Financial, AFG Partners, Constructor Capital, Giant Steps Pte. Ltd.
- Series A, May 19, 2021, $25M — Elliott Management, ACE & Company, Altair Capital, Target Global, Target Global Fintech Opportunities Fund, LVL1 Group, Terra VC, AltaClub, s16VC, Masik Enterprises Pte. Ltd., HS Investments, PAGIL, Adru Tech
- Seed, Nov 5, 2020, $3M — Altair Capital, XA Network
- Seed, Nov 25, 2019, $3M — Target Global, Phystech Ventures, ADRUTech LLC
- Seed, Dec 11, 2018, $2M — Target Global, Phystech Ventures, ADRUTech LLC, LVL1 Group

## Investors

- Target Global (https://capitalatlas.ai/funds/target-global) — Seed, Series A
- Phystech Ventures (https://capitalatlas.ai/funds/phystech-ventures) — Seed
- ADRUTech LLC (https://capitalatlas.ai/funds/adrutech-llc) — Seed
- LVL1 Group — Seed, Series A
- Altair Capital — Seed, Series A
- XA Network (https://capitalatlas.ai/funds/xa-network) — Seed
- Elliott Management (https://capitalatlas.ai/funds/elliott-management) — Series A
- ACE & Company (https://capitalatlas.ai/funds/ace-company) — Series A
- Target Global Fintech Opportunities Fund — Series A
- Terra VC — Series A
- AltaClub — Series A
- s16VC (https://capitalatlas.ai/funds/s16vc) — Series A
- Masik Enterprises Pte. Ltd. — Series A
- HS Investments — Series A
- PAGIL — Series A
- Adru Tech — Series A
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Series B
- AFG Partners (https://capitalatlas.ai/funds/afg-partners) — Series B
- Constructor Capital (https://capitalatlas.ai/funds/constructor-capital) — Series B
- Giant Steps Pte. Ltd. — Series B