Omnipresent secures £90.7m Series B funding led by Kinnevik and Tencent to scale its global employment platform.
The Series B round was led by Kinnevik and Tencent to support product expansion and international growth.
Omnipresent operates as a SaaS-based global employment partner, providing a digital platform that manages compliance, payroll, and benefits across more than 160 countries. The fully remote company enables businesses to build and manage international teams.
Omnipresent has secured £90.7m in a Series B funding round led by Kinnevik and Tencent, with participation from Uncorrelated Ventures. The capital will be directed towards product development, customer growth, geographic expansion, and a significant recruitment drive to add hundreds of new team members.
The raise follows a period of rapid expansion for the remote-first company, which experienced tenfold team growth and a 25-fold increase in revenue over the course of 2021. Omnipresent plans to deploy the fresh funds to scale its proprietary platform and meet increasing global demand for remote employment solutions.
From the founder
"The world is seeing a tectonic shift in the way businesses work and hire: from local-first to global- and remote-first,"
Matthew Wilson
Co-founder and Co-CEO at Omnipresent
Investor perspective
"Where Omnipresent sets itself apart is its expert understanding of local differences in a globalized world,"
Ola Nordbye
Investment Director, Kinnevik
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
Investors
About the company
Omnipresent
Omnipresent provides a SaaS-based global employment platform that helps businesses build and manage international teams compliantly.