UK-based remote staffing service Omnipresent secured yesterday in a $120m series B round co-led by internet group Tencent and investment firm Kinnevik.
The round also featured venture capital firm Uncorrelated and unnamed other investors from Asia, Europe and the Americas. It included an undisclosed amount secured in a pre-series B tranche completed in the latter half of 2021.
Founded in 2019, Omnipresent has built an online platform that enables employers to identify and hire talent based across 160 countries. It offers cross-border administration services covering areas such as payroll, benefits, regulatory compliance and taxes.
The cash will be used by Omnipresent to develop new products and services, grow its customer base and expand its presence globally. It will also increase headcount, with the intention to add several hundred diverse team members from different parts of the world.
Matthew Wilson, co-founder and co-CEO of 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.”
An undisclosed backer led the company’s $15.8m series A round in January 2021, investing alongside Episode 1, Playfair Capital and Truesight Ventures.
The January round came five months after a $2m seed round co-led by Playfair Capital and Episode 1 that included Entrepreneur First and Truesight Ventures in addition to angel investors Charlie Songhurst, Andrew Goodman, Akash Gupta, Srin Madipalli and Ian Hogarth.
Image courtesy of Omnipresent Group.
