Home Breaking News HRTech start-up Omnipresent closes USD 14.95 Million funds

HRTech start-up Omnipresent closes USD 14.95 Million funds

London based HR start-up, Omnipresent raised USD 14.95 million in capital  on 21st of January 2021 in a series A funding round just 5 months after its seed round. With its investment secured, the organization is now well positioned to pursue its leadership in shaping the future of global employment

Investors: The capitalization of USD 14.95 million funds was closed in a series A round led by an undisclosed investor with the participation of previous investors True Sight Ventures, Episode 1, Playfair Capital.

What the funding is for: The funding would be utilized to progress with the growth of the company’s share of the employment market as the world shifts to remote work post 2020.  They are objectively focusing on developing and advancing the remote work revolution. 

Founders of the company: Matthew Wilson and Dr Guenther Eisinger 

Primary objective of the company: The prime aim of the company is to assist fast and simple employment of remote talent anywhere in the world. 

About the company: Omnipresent is a privately held organization established in 2020. Its headquarters is located in London. They operate under the human resources industry and have a work strength of 11-50 employees. They deal with various specialties like professional employment organization, remote work and teams, international corporations and much more. The association provides a tech-enabled platform which handles all of the complexity of global employment for customers and offers them and their remote workers employment and handles their compliance, taxes and payroll. 

What the CEO has to say: “Remote work undoubtedly represents the future of the modern workforce. The sooner companies adapt, the sooner they will reap the competitive advantage associated with a globally distributed workforce, including increased workforce productivity and satisfaction and a larger and more diverse pool of talent from which to recruit workers”. Said Matthew Wilson, CEO of Omnipresent.

What the investors have to say: “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 5 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 the clients are evangelical about”. Said Carina Namih, General partners at Episode 1 Ventures. 

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