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HSP Group is a technology company.
HSP Group delivers global expansion management solutions, integrating expert guidance with its proprietary GateWay technology. The company streamlines international operations across finance, HR, payroll, and compliance, offering accounting, global mobility, and entity management. This holistic offering simplifies operating across diverse international markets.
Larry Harding founded HSP Group in 2020 with co-founders Dan Kragt, Isidro Helder, Katie Davies, and Randy Worzala. Harding leveraged his international business background, realizing a unified, expert-led solution was crucial for managing cross-border compliance, HR, and financial regulations. This insight led to the development of their comprehensive service model.
HSP Group primarily serves technology and venture-backed companies, facilitating efficient international growth and operational management. The company aims to demystify and simplify global expansion, empowering clients to achieve growth objectives unhindered by operational hurdles, providing an integrated path for businesses entering new territories.
HSP Group has raised $24.0M across 3 funding rounds.
HSP Group has raised $24.0M in total across 3 funding rounds.
HSP Group is a tech-enabled services company founded in 2020 that simplifies global expansion for businesses, primarily in HR and finance, by providing international payroll processing, employer of record (EOR) services, HR administration, entity setup, tax compliance, and unified technology platforms.[1][2][5] It serves US and European companies expanding operations, ensuring compliance with local laws through its all-in-one GateWay platform and expert teams, with total funding of $22.33M including a recent Series B-II round.[1][3][6] The company's mission is to facilitate disruptive, expert-led global expansion with a client-first focus, full-service A-Z solutions, and a vision to inspire global collaboration for economic and sustainable opportunities.[2]
HSP Group was founded in 2020 by Larry Harding, its CEO, in Tampa, Florida, as a response to the complexities US and European companies face in international operations.[1][2][4] Harding's leadership emphasizes a strong vision, core values like client-first focus and simplifying the complex, which propelled early growth amid rising demand for global HR and compliance tools.[2] Key milestones include Baird Capital's investment in December 2020, a Series A second tranche, a $14M Series B led by ABS Capital (with prior $8.33M rounds), and the launch of a VC/Technology Practice for AI and venture-backed tech firms, reflecting rapid evolution from startup to Series B-II stage with $6M revenue and 97 employees.[1][4][6]
HSP Group rides the wave of globalization 2.0, where AI-driven tech firms and venture-backed startups accelerate international hiring amid remote work, talent shortages, and complex regulations post-pandemic.[4][6] Timing is ideal as market forces like geopolitical shifts, supply chain diversification, and EOR demand (projected to grow with 150+ countries' varying laws) favor integrated platforms over fragmented providers.[1][5] It influences the ecosystem by enabling faster, compliant scaling for tech companies—e.g., its VC/Tech Practice supports AI expansions—reducing barriers for US/EU firms entering emerging markets and fostering sustainable global collaboration.[2][4]
HSP Group is poised for hypergrowth, leveraging its $22M+ funding and GateWay platform to capture share in the $10B+ EOR/payroll market, with expansions into AI/tech verticals and potential acquisitions for new geographies.[1][4] Trends like AI automation in compliance, rising owned-entity hybrids over pure EOR, and sustainability mandates will shape its path, amplifying its role as a one-stop global hub.[5] As it evolves influence, expect deeper integrations with enterprise HR stacks and leadership in compliant, tech-led expansion, empowering more disruptors to go global seamlessly—echoing its founding mission to simplify the complex.[2]
HSP Group has raised $24.0M in total across 3 funding rounds.
HSP Group's investors include Cal Wheaton, Baird Capital, Alumni Ventures, Hyde Park Venture Partners, Jump Capital, Seven Seven Six, Y Combinator, Benedict Rocchio, Gold Hill Capital, Paul Flanagan.
HSP Group has raised $24.0M across 3 funding rounds. Most recently, it raised $14.0M High Street Partners - Series B in November 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 29, 2022 | $14.0M High Street Partners - Series B | Cal Wheaton | Baird Capital |
| Nov 1, 2020 | $2.0M Seed | Alumni Ventures, Baird Capital, Hyde Park Venture Partners, Jump Capital, Seven Seven Six, Y Combinator | |
| Mar 25, 2013 | $8.0M High Street Partners - Other Equity | Benedict Rocchio | Gold Hill Capital, Paul Flanagan |