Larry Harding, Author at HSP Group

HSP Group Launches New Practice to Support Venture Capital-Backed Technology Companies Expand Globally

Larry Harding — Wed, 13 Aug 2025 11:22:40 +0000

Tampa, FL – August 13, 2025

HSP Group, the customer-preferred provider of global expansion software and services, is thrilled to announce the launch of its new VC/Technology Practice, designed specifically to help Artificial Intelligence (AI) and other venture-backed tech companies navigate the complexities of international growth. This strategic initiative, which will be led by Co-Founder Randy Worzala, reinforces HSP Group’s commitment to delivering tailored solutions that drive seamless global expansion support, meeting the distinct needs of fast-growing high-tech firms.

The VC/Technology Practice addresses the unique challenges faced by venture-backed tech companies, including regulatory compliance, tax optimization, talent enrichment, risk management, and operational scalability across borders. Leveraging the leadership team of HSP Group and their many decades of expertise in global expansion, the practice offers end-to-end support, from market entry strategy to local entity setup, and continuing through the ongoing payroll, Employer of Record (EoR), HR, tax, entity management, global payments, and ongoing statutory compliance required with these initiatives. By combining cutting-edge technology with deep industry knowledge, this new practice ensures tech firms can scale rapidly and efficiently while minimizing risks.

“Venture-backed tech companies operate in a fast-paced, high-stakes environment where global expansion is both an opportunity and a challenge,” said Larry Harding, Founder & CEO of HSP Group. “Our VC/Technology Practice is purpose-built to help these innovators overcome hurdles, scale appropriately within international markets, and achieve sustainable growth.”

The practice integrates HSP Group’s proprietary GateWay software platform and related applications with as-needed advisory services, offering customized solutions for each customer and their unique needs. Early adopters have praised GateWay for its ability to streamline cross-border operations, enabling them to focus on innovation and market leadership.

“In 2024, the total amount of venture capital invested in US companies was more than $200 billion, a 30% increase over the previous year, driven largely by significant investment growth in AI related companies, which accounted for nearly half of the total deal value, and nearly 80% of this total financing was invested in companies based in Silicon Valley and the other Top 10 metropolitan technology markets” said Randy Worzala. “With preliminary data through the first half of 2025 indicating that the full year should exceed 2024, it’s clear that the number of fast-growing VC-backed tech firms needing help with their global expansion needs is accelerating rapidly. HSP Group and its specialized VC/Technology practice was created to better promote and provide superior, cost-effective solutions that meet the specialized needs of this dynamic market.”

About HSP Group

HSP Group is a leader in global expansion, providing extensive solutions that help companies streamline their international operations. From entity setup and compliance to EoR, payroll and HR management, HSP offers solutions that support global growth, with a focus on improving the client experience and maintaining regulatory compliance. Headquartered in Tampa, FL, HSP serves clients worldwide.

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HSP closes Series B financing to grow GateWay technology

Larry Harding — Tue, 29 Nov 2022 09:48:16 +0000

HSP Group, the customer-preferred provider of global expansion software and services for companies seeking to expand overseas, has raised $14 million in a Series B growth capital investment round, which will fast-track the company’s growth plans. New investor ABS Capital led this round, joined by existing investor Baird Capital, which increased its investment in the business, demonstrating its continued support for HSP’s strategic opportunities. This brings the total investment in HSP to more than $20 million since its inception in October 2020.

HSP will use this latest investment to accelerate revenue-generating initiatives, including deepening its alliance with industry partners and continuing development of its disruptive GateWay technology platform, which will roll-out advanced applications designed to make managing global expansion simpler. In addition, this capital will be used to bolster the company’s product offerings, increase its global presence and reduce services’ support costs through investments in automation, lower-cost operations centers and building in-house teams to take on work currently supported by third-party partners.

“At HSP, our mission is to facilitate expert-led global expansion for companies looking to open or expand overseas. We do this with an unparalleled focus on the customer experience that enables us to make the complex simple,” states Larry Harding, Founder & CEO of HSP Group. “HSP is the only provider committed to delivering all the people and entity solutions needed for global expansion, in every country, throughout the world. With this latest investment round, we can better ensure that our technology, people, methodology, pricing and expertise all combine seamlessly to make this happen.”

In a fast-growing, international expansion solutions market already exceeding $24 billion, HSP is uniquely positioned to lead the way with its clear digital roadmap and HQ-focused, holistic approach to managing a global footprint. In addition, the company is well placed to capitalize on its adjacency to the global Employer of Record (EoR) market, which over the last few years has realized staggering levels of growth and outside investment. “As EoR is often a temporary versus a permanent solution for most businesses utilizing this hiring strategy, HSP is able to help these ‘graduates’ transition beyond EoR when, and if, the time is right for them to do so,” notes Harding.

ABS Capital Partner Cal Wheaton will join HSP Group’s board of directors, and his colleague Jennifer Krusius will serve as an observer. Wheaton and Krusius bring extensive operational knowledge and resources to further enhance HSP’s success with its mission.

“The leadership team at HSP brings deep and tenured experience with outsourced global expansion services, providing them a keen understanding of the opportunities and challenges in the industry and how to be best positioned to serve rapidly changing customer needs,” mentions Cal Wheaton, Partner at ABS Capital. “We look forward to working with the team to build the leading technology-led services offering addressing the spectrum of customer needs in this industry.”

Jennifer Krusius, Venture Partner at ABS Capital, added, “We are excited to partner with HSP Group’s experienced management team to continue to develop and deliver a suite of technology products that effectively solve customers’ pain points.”

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HSP Group Announces Second Round of Funding in Technology

Larry Harding — Mon, 08 Nov 2021 14:29:23 +0000

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

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HSP Group Announces VC Network Sponsorship

Larry Harding — Thu, 23 Sep 2021 20:19:29 +0000

Simplifying global operations and distributed workforce solutions for portfolio companies

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Streamlining Global Business with CRM-based Solutions

Larry Harding — Tue, 14 Sep 2021 13:34:51 +0000

Many global service providers aspire to have a single source of data, one central location holding all client and internal information, and to manage and maintain all of it in compliance with Data Protection laws around the world.

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Mesh ID signs technology deal with HSP Group

Larry Harding — Wed, 08 Sep 2021 13:39:46 +0000

Global expansion services company continues to advance its technology solutions

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Disruptive Solutions for Success in the US Market

Larry Harding — Tue, 07 Sep 2021 12:43:32 +0000

Why is setting up a business in the USA so challenging, especially if you have never done it before?

Setting up a business in the USA should be relatively straightforward, shouldn’t it? After all, the USA entrepreneurial “can-do” business attitude, thriving and profitable multinational corporations, and reputation for business-friendly practices and laws are driving expansion factors. Unfortunately, the reality is different from what many perceive should be the case. Expanding into the USA, especially if you are not familiar with its local business practices, can range from “challenging” to actually “really hard.”

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HSP Group Launches GateWay Workflow for global operations

Larry Harding — Mon, 12 Jul 2021 17:36:22 +0000

Continued enhancements to this industry-changing technology platform are altering client expectations as they seek solutions in the global expansion services market.

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HSP Overview – VAT introduction

Larry Harding — Mon, 01 Mar 2021 14:17:55 +0000

What is VAT?

Value Added Tax is a consumption tax on goods or services, and it is critical that businesses understand the compliance details of what is required.

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HSP Group offers HR alongside International Payroll Solutions

Larry Harding — Sun, 24 Jan 2021 22:09:28 +0000

HSP Group, the client-preferred provider of global expansion software and services, is pleased to announce the addition of new services in the broad category of HR and Payroll under the experienced leadership of Katie Davies, recently Vice President of International Solution Development & Advisory Services at Vistra, and Sky Mehringer, previously Head of Human Resources & Payroll Consultancy at TMF Group. Thanks to these new hires and the teams reporting to them, HSP Group’s offerings in this area now include:

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