Omnipresent, the SaaS-based global employment partner, has raised $120 million in its Series B funding round. The amount includes a pre-Series B round in the second half of 2021 and follows seed and Series A rounds in April 2020 and December 2020. 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.
“The world is seeing a tectonic shift in the way businesses work and hire: from local-first to global- and remote-first,” said Matthew Wilson, Omnipresent Co-founder and Co-CEO. “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.”
Proceeds from the current investment will be used to help build out Omnipresent’s new products and services, customer growth, and geographic expansion. The company will also add several hundred new members to its diverse, distributed team, who work remotely from around the world.
Omnipresent provides 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.