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Omnipresent Picks Up $120M As Remote HR Space Is On Fire

Illustration of remote worker on Zoom meeting.

Pandemic restrictions may be winding down in many locales. But nonetheless, one big trend of the COVID era鈥攖he rise in remote hiring鈥攔emains resilient.

As more companies rely on distributed teams, startups offering tools to help with recruiting, onboarding, payment, compliance and collaboration have raised considerable sums in the past few quarters. And investment continues to flow to the space.

On Tuesday, the latest large funding round announcement came from , a provider of tools for managing payroll and compliance for international teams. The London-headquartered company pulled in $120 million in a Series B funding round led by and .听

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Founded in 2019, Omnipresent has presided over exceptionally fast growth. In 2021, the company said its revenue grew 25x and its team by 10x. It now employs more than 230 people distributed across more than 40 countries.

Omnipresent鈥檚 big round comes as money is pouring into human resource tech like never before. Total venture dollars invested hit nearly $9.2 billion in 2021, per 附近上门 . That鈥檚 more than the totals for 2019 and 2020 combined.

Meanwhile, 2022 is off to a brisk start as well, with $2.46 billion invested. In recent months, we鈥檝e seen a number of deals in the multiple hundreds of millions as well. Standouts include:

  • San Francisco-based payroll and compliance platform closed a $425 million Series D led by at a $5.5 billion valuation in October;
  • Paris-based , a provider of automation tools for payroll and other HR tasks, raised $280 million in a January Series E round;
  • Munich-based people workflow automation company , raised a $270 million Series E led by at a $6.3 billion valuation, also in October;
  • San Francisco-based payroll and benefits platform closed a $250 million Series C led by and at a $6.5 billion valuation in October;
  • New York-based workforce management platform locked down a $250 million Series D led by at a $3.7 billion valuation in September; and
  • San Francisco-based background-check automation firm raised a $250 million Series A led by valuing it at $4.6 billion, also in September.

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