Omnipresent, a London, UK-based SaaS-based global employment partner, 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.
The 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.
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.
Company: Omnipresent Group Limited
Raised: $120.0M
Round: Series A
Funding Month: March 2022
Lead Investors: Kinnevik and Tencent
Additional Investors: Uncorrelated Ventures
Company Website: https://www.omnipresent.com/
Software Category: Global Employment Platform
About the Company: As a global employment partner, 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. A fully remote company with no corporate headquarters, Omnipresent has grown from a team of two to more than 230 people distributed throughout 40+ countries worldwide since 2019.
Source: https://www.businesswire.com/news/home/20220322005239/en/Omnipresent-Raises-120M-to-Help-Businesses-Build-Global-Teams-Compliantly