Money raised through Series A funding led by OneVentures.
MyPass Global has raised A$7.5 million in Series A funding led by Australian venture capital firm OneVentures.
Funds raised will support MyPass’ expansion in the key Americas market and accelerate product development.
Founded in Australia in 2013, MyPass and its digital Skills Passport is a multi-award-winning technology that empowers 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.
More than 1,300 companies now use MyPass to manage 110,000+ contractors globally. Reflecting its rapid growth, in 2024 alone, 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.
MyPass Founder and CEO, Matt Smith, said: “We are excited to be partnering with OneVentures, whose investment and expertise represents a strong endorsement of our product and growth strategy.
“MyPass offers a unique solution to the growing challenges around workforce competency assurance. The portable, worker-friendly and digital Skills Passport gives workers the ability to control their own qualifications and credentials without compromising data privacy and security. Ours is the only platform that can connect workers, site owners, suppliers, training institutions and industry bodies with a single source of truth.
“OneVentures’ investment combined with its strategic, hands-on support will be pivotal as we scale the platform into the Americas. We look forward to collaborating with OneVentures’ team in executing on our strategy and realising our vision to simplify workforce competency in key industries.” said Smith.
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.
OneVentures Partner, Bevin Shields, said: “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. 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.”
Headquartered in Australia, MyPass operates across Chile, Canada and the United States, with back-office teams in the Philippines, India and Colombia.
