Geniac, which operates in the rarefied world of “business management” platforms, has raised £22 million from Grant Thornton UK, a big provider of assurance and tax advisory. To date, Geniac has been in beta.
The London-based Geniac was founded by ex-Accenture consultants Michael Galvin and Eduardo Martinez to allow businesses to run themselves within one platform.
The so-called “office as a service” platform combines accounting, tax, legal, human relations and corporate administration in one service.
It’s now on a hiring spree in London and Glasgow over the next 12 months.
Geniac is now going to be part of Grant Thornton’s win businesses in the UK and abroad. Think of it as part of a growing movement of business advisory services (such as Deloitte, PwC, E&Y etc.) doing more in the startup space.
The site is built on a monthly subscription model that increases based on team size.
The main competitors in this space are of course Google and Microsoft.