Kinnevik Results Presentation Deck slide image

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. 15
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