HSP Group Announces Second Round of Funding in Technology

HSP Group, a provider of global expansion software and services, announced the recent completion of the second tranche of its Series A investment led by Baird Capital. This round of funding aims to accelerate HSP Group’s investment in technology and employees as it works to disrupt the global expansion services market in the years ahead.

This follow-on investment was completed earlier than planned due to strong growth and operating metrics realized in the company’s launch year and favorable market conditions in the broader international expansion services market.

HSP Group provides headquarters-based finance, tax, legal, and HR personnel with a simplified, turnkey approach to ensure efficient operations, full compliance with local regulations, and needed consistency across each geography. Its tech-enabled service offerings include:

  • Global People Solutions (“GPS”), including Global Payroll, Employer of Record (EoR), HR Administrative Support, Technical HR Consulting, and Global Mobility & Immigration services, along with
  • Global Entity Solutions (“GES”), including Setup & Incorporation, Entity Compliance, Import/Export, Accounting & Bookkeeping, Tax Guidance & Compliance, and Legal Related services. 

An omnichannel entry point for all GPS and GES services, GateWay supports each of these services and provides ubiquitous access and insights across the entirety of the global footprint being supported.  This digitally-native collaboration workspace facilitates a secure transfer and exchange of data and documents in compliance with global data protection regulatory (GDPR) requirements around the world, enabling HSP Group to efficiently deliver services.

“We deeply appreciate the faith placed in us by Baird Capital and the other investors who participated in this latest investment round,” said HSP Group CEO and Founder Larry Harding.  “The movement towards a “Work From Anywhere” employment model has resulted in explosive growth in the need for companies to utilize a combination of all the GPS and GES services we provide, and HSP is the only firm in the market focused on providing every one of these services.”

“Larry and the entire team at HSP Group made this funding round a natural decision,” said Benedict Rocchio, Partner with Baird Capital’s venture team. “We deeply value our partnership and look forward to continuing our support of their growth plans, especially bolstered by the GateWay technology platform.”

“Our GateWay platform has already become a technology solution that is enviable across our industry,” added Harding, “and it is just one of many examples indicative of the fact that our focus is on providing our clients and partners with a suite of solutions centered around their needs, instead of motivations that often degrade the overall client experience. Candidly, it’s an approach that the legacy suppliers we compete with are simply ill-equipped to provide.”

About HSP Group

HSP Group provides headquarters-based finance, tax, legal, mergers and acquisition, consulting and human resources services and personnel to help companies expand and manage their international operations. Headquartered in Tampa with office locations in New York, San Francisco, the Philippines, Boston, Barcelona, and London, HSP Group is geographically well-positioned to help its clients with all of their global expansion services needs. For more information, visit www.hsp.com.

About Baird Capital

Baird Capital makes venture capital, growth equity, and private equity investments in strategically targeted sectors around the world. Having invested in more than 325 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe, and Asia, a proactive portfolio operations team, and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W Baird & Co. For more information, please visit BairdCapital.com.

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