Omnipresent raises £90m to help firms build global teams

A London company which aims to help businesses build global teams has raised £90 million.

Omnipresent, which was founded two years ago, has been backed in the Series B round by lead investors Kinnevik and Tencent. Uncorrelated Ventures joined alongside existing investors Episode 1, Playfair Capital and Truesight Ventures.

It says the world of work has changed significantly due to COVID-19 amid a ‘tectonic shift’ in the way businesses work and hire.

“The trend of remote, global work has been gathering pace, and Omnipresent is a catalyst for this change,” said co-founders and co-CEOs Guenther Eisinger and Matthew Wilson.

The company’s revenue grew 25x and its team 10x in 2021, with more than 230 employees now distributed across 40+ countries worldwide. 

“Omnipresent is in a stage of hyper-growth, and we’re proud to have developed a culture that can scale with us and that truly resonates with our people,” added Wilson. 

“Our Series B will not only enable us to grow our team, but also invest in innovative ways to keep our people engaged, fulfilled, and motivated as they shape the future of work.”

Omnipresent’s clients are building international teams in more than 160 countries and regions worldwide. It takes care of all the administrative duties associated with global employment so they can focus on expanding their business quickly and efficiently.

It says a priority is the development of its OmniPlatform, a tech-enabled HR platform.

“The way Omnipresent onboards our new hires is really important. There’s a lot of care and a lot of contact – a real agility in providing people with support,” said Marie Favre, people operations manager at Cervest.

“All of this is really priceless … It’s a real partnership, rather than a client relationship.”