Global HR platform Remote raises $35 million series A
San Francisco-based HR technology platform for international payroll, benefits and compliance Remote announced it has secured $35 million in Series A funding led by Index Ventures and joined by Sequoia Capital, with additional participation from angel investors including Aaron Levie, Zach Weinberg, and Kevin and Julia Hartz. Previous investors General Catalyst and Two Sigma Ventures are also participating. Remote has raised $46 million to date.
“Remote work has become the norm for thousands of businesses and we anticipate that upwards of 40% of knowledge worker jobs will be a hybrid or fully remote role in the next few years. We believe that companies should be able to employ anyone in the world and that opportunities should be accessible regardless of where someone lives. This investment will allow us to continue to build tools for companies to make remote work easier. Remote doesn’t just enable global employment, it helps businesses win the global talent war.” – Job van der Voort, CEO and Co-Founder at Remote.
Founded in 2017, Remote is a global employment provider with its own legal infrastructure in every country where it operates. This provides customers with security for IP and invention rights, guarantees international compliance, and enables Remote to offer flexible pricing.
Remote’s platform includes its global employer of record services, covering international payroll, benefits, taxes, and visa and immigration services, as well as a free platform for global contractor management and payments.
“For any business to succeed and scale, it needs two key ingredients – financial capital and human capital. In the past, many high-growth businesses were hindered by their inability to find talent within a certain radius from the office. As attitudes towards where we work have dramatically shifted this year, Remote has been on a hyper-growth trajectory, helping companies hire anyone in any country, while staying compliant with local labor laws. Whatever happens, COVID-19 has permanently altered the role of the office for employers and employees alike.” – Hannah Seal, Principal at Index Venture.
“The future of work will involve many remote employees. Remote is addressing a key area of friction in the global economy by opening up the availability of talent to all businesses and the range of opportunities to individuals. We are excited to support Remote in its drive to reshape the global talent market.” – Ravi Gupta, Partner at Sequoia Capital.