Workforce onboarding tech platform MyPass Global has announced it has raised AUD7.5 million in Series A funding led by Australian venture capital firm OneVentures. The funds raised will support MyPass’ expansion in the key Americas market and accelerate product development.
MyPass and its digital Skills Passport enables workers to manage their training and competency information. MyPass’ Skills Passport reduces the cost and risks of managing workforce compliance and credentialling in industries operating in high-risk or complex environments, such as mining and resources, oil and gas, energy and utilities, construction, industrial manufacturing and healthcare.
Companies in these industries typically have large workforces and are well-suited to the MyPass platform. MyPass’ marquee customer base currently includes BHP, Shell, Woodside and UGL.
“We are excited to be partnering with OneVentures, whose investment and expertise represents a strong endorsement of our product and growth strategy,” said MyPass CEO Matt Smith.
“OneVentures’ investment combined with its strategic, hands-on support will be pivotal as we scale the platform into the Americas,” he added. “We look forward to collaborating with OneVentures’ team in executing on our strategy and realising our vision to simplify workforce competency in key industries.”
Deloitte research has revealed that 66% of organisations are under-prepared to manage their workforce in Australia and global risk despite tightening regulation and emerging threats in the form of fraud, data security and privacy breaches, and safety risk, all heightened by increased reliance on contracted labour.
Against this backdrop, MyPass reduces the productivity burden and risk associated with the use of manual spreadsheets and fragmented legacy software to obtain real-time validation and tracking of employee credentials.
More than 1,300 companies now use MyPass to manage 110,000 plus contractors globally. In 2024, the company onboarded 350 new organisations onto its platform and validated more than 246,000 documents.
North and South America hold strong potential for uptake of the MyPass platform, particularly in the mining, resources and energy industries.
Headquartered in Australia, MyPass operates across Chile, Canada and the United States, with back-office teams in the Philippines, India and Colombia.
“We have been greatly impressed by the MyPass platform and the confidence that some of the world’s largest companies, many of them operating in extremely complex environments, have placed in the technology,” said OneVentures Partner Bevan Shield. “MyPass has not only achieved financial scale through a large and rapidly growing customer base but is also demonstrating a strong growth rate while scaling in a capital-efficient manner. We are excited to be partnering with Matt and the MyPass team to support and accelerate their continued success.”
