Workspace software as a service provider Omnipresent has closed a ($120m) £90.7m Series B funding round in a sign of continuing investor interest in remote working tools.
The latest round was led by Swedish investment firm Kinnevik and Chinese tech giant Tencent. San Francisco-based Uncorrelated Ventures also participated.
Founded in 2019, Omnipresent provides a platform for hiring and onboarding remote staff based in different parts of the world.
The London-based startup picked up traction during the pandemic shift to remote working.
Its service includes providing employee contracts designed to meet the different specifications and standards of the territory they are working from, and managing the expenses across different currencies and the general running of teams working internationally.
A ‘tectonic shift’ in working and hiring
Omnipresent will use the fresh funds to expand the company’s global reach and build new products and services. It also plans to hire several hundred additional employees over this year to add to its fully remote team.
“The world is seeing a tectonic shift in the way businesses work and hire: from local-first to global- and remote-first,” said Matthew Wilson, Omnipresent co-founder and co-CEO.
“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.”
Omnipresent’s other co-founder and co-CEO, Guenther Eisinger said: “There are challenges to operating globally, from dealing with local labour laws to payroll taxes and employee benefits.
“Omnipresent helps solve these complexities and acts as a partner to help companies go global-first. We are here to provide the expertise, support, and guidance they need to be able to hire international talent located anywhere in the world.”
The startup raised £11m in Series A funding back in January 2021, following a seed round of £1.5m in August 2020.