In the age of remote work and increasingly international recruitment processes, Omnipresent, the SaaS-based global employment partner, has just raised over €108 million. This investment round was led by Kinnevik, a leading European growth investor, and Tencent, a global leading technology company. Uncorrelated Ventures, a San Francisco-based investor, also participated, rounding out an investor list from Asia, Europe, and America.
Omnipresent itself is a remote-first company but has roots in London. Founded in 2019, the startup has been soaring since its launch – with its team growing 10x and revenue growing by 25x during 2021. The HRtech startup also picked up €12.3 million last year.
The young company acts as a global employment partner, providing a client-focused end-to-end service to support and guide businesses hiring talent globally. Its proprietary digital platform and SaaS product, the OmniPlatform, can manage employee onboarding through to offboarding in more than 160 countries and regions worldwide, handling compliance, payroll, expenses, benefits, and more.
Matthew Wilson, Omnipresent Co-founder and Co-CEO, explained: “The world is seeing a tectonic shift in the way businesses work and hire: from local-first to global- and remote-first. Omnipresent is catalyzing and accelerating this change. Every day, we see companies gaining from a global pool of the best talent, and employees benefiting from new access to career opportunities worldwide – regardless of where they live.”
There is no doubt that the future of work is global, and as always, businesses need to stay ahead of the curve if they want to have international success. Omnipresent’s global employment solutions equip companies with the tools they need to take advantage of these emerging trends and operate internationally.
Guenther Eisinger, Omnipresent Co-founder and Co-CEO, added: “At a time when companies need to secure the best talent, they’re looking to benefit from the quality and diversity of a global workforce. But there are challenges to operating globally, from dealing with local labor laws to payroll taxes and employee benefits. Omnipresent helps solve these complexities and acts as a partner to help companies go global-first. We are here to provide the expertise, support, and guidance they need to be able to hire international talent located anywhere in the world.”
Proceeds from the current investment will be used to help build out Omnipresent’s new products and services, customer growth, and geographic expansion. In addition, this year, the fully remote company plans to hire several hundred more people to meet demand.
Omnipresent is building a range of complex products that require investment in engineering and subject matter expertise across many jurisdictions. Therefore, the company will focus its recruitment drive on tech talent to accelerate and streamline product expansion.
Ola Nordbye, Investment Director at Kinnevik commented: “Where Omnipresent sets itself apart is its expert understanding of local differences in a globalized world. We have seen the benefits of its platform first-hand; companies are scaling their operations into new markets in ways they simply couldn’t achieve without Omnipresent’s support. The business model is differentiated, and we believe the team they’ve built is uniquely strong and can deliver on the vast market opportunity. We are very excited to partner with them in this next phase of their journey as they continue to scale and forge ahead globally.”