Kinnevik Results Presentation Deck
Intro
Net Asset Value
SOFTWARE
Matthew Wilson and Guenther Eisinger
Co-Founders and Co-CEOs of Omnipresent.
About Omnipresent
Omnipresent is a rapidly growing scale-up
that helps businesses operate in a geograp-
hically distributed way - by letting them em-
ploy staff anywhere, quickly and compliantly.
Hiring across more countries grants the bu-
sinesses cost and talent advantages, while
opening the best work globally up to em-
ployees. By taking care of a host of employ-
ment-related issues - including compliance,
payroll, expenses and benefits - Omnipresent
liberates its customers to focus on higher-
value aspects of people management. The
company grew its revenue by 25x and staff
by 10x during 2021 and now employs >250
people all over the world.
KINNEVIK
omnipresent
What problem does Omnipresent solve?
There is a war for talent among companies
today and many are looking to benefit from
the quality and diversity of a global workforce.
But operating globally is very complex. It's
completely different hiring someone from for
example Germany, the US, Ghana or Singa-
pore. This goes beyond labour laws, but also
Interim Report Q1 2022
Portfolio Overview
understanding and setting up employee be-
nefits, payroll, taxes, different cultural norms,
currencies, and languages. Omnipresent
helps solve these complexities and acts as
a partner to help companies go global-first.
How has the Covid pandemic affected
demand for your services?
During the pandemic, mainstream compa-
nies saw that employees don't need to be
co-located to work well together. Since the
pandemic, they've started to understand that
the same remote working practices allow
them to hire the best people anywhere.
So while Omnipresent's revenues grew
explosively during the pandemic - they've
continued growing dramatically, beating
ambitious targets, after the pandemic too.
There's a tectonic shift underway in how busines-
ses operate. Geography is becoming less of a
constraint and more of an opportunity: a revolu-
tion in how we work, that's still in its early days...
What does the future look like for
Omnipresent?
The revolution in how companies operate
across countries is just getting started - the
demand for these services will keep growing
quickly. Companies' needs are also varied
and Omnipresent will cater to far more of
these needs over the coming months and
years. Ultimately, there is a whole world of
operational complexity that many companies
can outsource to an expert provider who is
able to capture dramatic economies of scale.
Sustainability
Financial Statements
Sondre Rasch
Co-Founder and CEO of SafetyWing
Safety Wing
What problem does SafetyWing solve?
When I started Superside, a freelancer plat-
form, we wanted to provide benefits for the
freelancers but discovered that nobody of-
fered it. In the end we decided to build it
ourselves. Remote work has created a global
labour market, but the existing infrastructure
that supports that market has become ob-
solete, including for example social safety
nets and health insurance. The remote teams
are global, but the social safety nets are not.
That's why we built the world's first global
health insurance for remote teams and indi-
viduals in 180 countries.
Other
What does the future look like?
Right now, we are in a period of explosive
growth and we want the company to continue
along this trajectory. That means growing
the customer base, while being able to ser-
vice them well, as well as growing the team.
In addition, we are on a journey to build a
global safety net which means adding more
products such as retirement and parental
leave. Eventually we want to contribute to
what we call "a country on the Internet".
Why did you choose to partner with Kinnevik?
My favourite thing about Kinnevik is that it's
not a fund that will be dissolved in 5-10 years,
but a 100-year old company, and because of
that long history you can support our long
future and our vision of building a global
safety net. You also come highly recommen-
ded. When speaking to other companies in
your portfolio, like Quit Genius and Oda,
they think you are great owners. Finally, we
liked everyone we met at Kinnevik during
the funding round process. At the stage we
are at, investors are not just money but also
people you work closely with to fulfil your
mission, which is key for us.
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