Omnipresent Raises $120M in Series B Funding

Omnipresent, a London, UK-based provider of a SaaS-based employment platform, raised $120M in Series B funding.

The round was led by Kinnevik, and Tencent, with participation from Uncorrelated Ventures. 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 company intends to use the funds to build out products and services, for customer growth, and geographic expansion. They will also add several hundred new members to its diverse, distributed team, who work remotely from around the world.

Led by Matthew Wilson and Guenther Eisinger, 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.