Employers are no longer relying on their local area for the talent they need to grow their businesses. It has become critical for organisations to have the best personnel in place to get a competitive advantage.
Betting big on the future of work, which is now global, London-based SaaS employment platform Omnipresent has raised $120 million. The Series B round was led by European growth investor Kinnevik, and global technology company Tencent. San Francisco-based investor Uncorrelated Ventures also participated.
The fresh funding will be used to build the startup’s new products and services, customer growth, and geographical expansion. The company will also add several hundred new members to its distributed team, who work remotely from around the world. The platform had earlier closed a $15.8 million Series A funding round in January last year.
Founded in 2019, the company acts as the legal employer on behalf of its clients in every country. Its proprietary digital platform and SaaS product, the OmniPlatform, can manage employee onboarding through to offboarding in more than 160 countries and regions worldwide.
Matthew Wilson, co-founder and co-CEO, Omnipresent said: “The world is seeing a tectonic shift in the way businesses work and hire: from local-first to global- and remote-first. Omnipresent is catalysing 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.”
Guenther Eisinger, co-founder and co-CEO said: “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. Yet, there are challenges to operating globally, from dealing with local labour laws to payroll taxes and employee benefits. We help solve these complexities and act as a partner to help companies go global-first.”