HSP Group Announces Series A Second Tranche

HSP Group, a provider of global expansion software and services, today 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.

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 are made up of:

• 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.

Each of these solutions are supported by HSP’s GateWay™ technology platform, an omnichannel entry point for all GPS and GES services, providing clients, employees and partners with 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.

“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.”

Learn more in the full press release here.