Tech startup secures £11m investment to develop "revolutionary" recruitment platform
A London-based startup has secured multi-million pound investment to grow its global recruitment platform.
Omnipresent has secured £11m investment in a Series A funding round to continue its international expansion.
This latest fundraise was led by an undisclosed investor, with participation from existing investors Episode 1, Playfair Capital and Truesight Ventures.
Having started the business whilst part of Entrepreneur First’s London cohort in 2019, Matthew Wilson and Guenther Eisinger founded the business in order to support firms to hire global distributed teams.
The firm’s tech-enabled platform enables firms to onboard employees compliantly in 150 countries - providing employees with local contracts, tax contributions and local and international benefits such as health insurance, pensions and equity options.
Guenther Eisinger and Matthew Wilson, co-CEOs of Omnipresent, commented: “Even before the pandemic we recognised the revolutionary potential of breaking down legal and administrative barriers of international employment.
“As former business owners, we had first hand experience of what a headache it is to navigate the complexity and bureaucracy of building global teams. Now with the pandemic and the global shift towards remote working it’s confirmed that we are on the right track.
“With this Series A funding we’ll continue our global expansion, scale our team to become the operating system for global workforces.”
Carina Namih, general partner at Episode 1 Ventures, added: “It comes as no surprise to me that this Series A round is happening hot on the heels of their seed round that we led just five months ago. Omnipresent has already become a crucial piece of infrastructure for global teams working across different countries.
“The team is passionate about delighting users and their pace of execution has been extraordinary. In just a matter of months they have exceeded their ambitious targets and have scaled to cover over 150 countries and rolled out a powerful product that clients are evangelical about.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.