Remote raises $300 million
Remote, a platform for businesses to hire, manage, and pay remote talent, announced a $300 million Series C financing round led by SoftBank Vision Fund 2 with participation from existing investors including Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth. Remote, which is valued at nearly $3 billion, raised $495 million to date.
Founded in 2019, the Remote platform provides the necessary tools for clients to hire globally, pay teams in their preferred currencies, and remain compliant. Some of its clients include GitLab, DoorDash, Loom, Paystack, and others.
In 2022, Remote launched a program to provide hands-on support to help companies empower their employees with international moves through Remote Relocation, which provides visa guidance and sponsorship, local immigration and tax guidance, insurance, and cross-cultural training. The company also launched Remote for Refugees, a program that makes it easy and cost-effective for businesses to invest in refugee talent, including free global employment for all refugees.
“Remote’s mission from day one has been to help create a world where every person and business truly belongs in the global market. This significant show of support from investors along with the rapid growth of our business is proof that this need is not only palpable, but that the vision and solutions we offer are first-in-class innovation. With this additional funding, we will be able to build more products including contractor and global payroll platforms and expand on our premier service and benefits offering.” – Job van der Voort, co-founder, and CEO of Remote.
“The way people work has permanently changed and the shift to remote and hybrid work has enabled companies to hire from anywhere in the world, but this can be an intensive, costly and risky process. Remote has built a full-stack, global platform that creates a fast, seamless experience to hire and onboard new employees regardless of where they are. We are excited to partner with Job, Marcelo and the team to support their mission to open up the vast potential of the world for every person, business and country.” – Brett Rochkind, managing partner at SoftBank Investment Advisers.
