What is Remote?
Remote operates as a sophisticated global HR and payroll platform, providing essential infrastructure for the modern distributed workforce. By offering employer-of-record services, contractor administration, and automated payroll management, the company addresses the complex regulatory and compliance challenges inherent in international hiring. Its subscription-based software model serves a diverse clientele, ranging from agile startups to large-scale enterprise organizations. By centralizing workforce administration, Remote enables companies to focus on talent acquisition rather than the logistical burdens of global expansion, effectively acting as the operational backbone for the remote-first economy.
How much funding has Remote raised?
Remote has raised a total of $496M across 4 funding rounds:
Angel/Seed
$11M
Series A
$35M
Series B
$150M
Series C
$300M
Angel/Seed (2020): $11M with participation from Remote First Capital, Two Sigma Ventures, Index Ventures, Liquid2, GitLab, HackerOne, General Catalyst, and INKEF Ventures
Series A (2020): $35M led by Aaron Levie, Zach Weinberg, Kevin Hartz, Steamboat Ventures, Julia Hartz, and Index Ventures
Series B (2021): $150M supported by Sequoia Capital, Accel, Index Ventures, and Two Sigma Ventures
Series C (2022): $300M featuring Sequoia Capital, Index Ventures, SoftBank Group Corp, Accel, and Two Sigma Ventures
Key Investors in Remote
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders who challenge the status quo to build enduring companies.
Sequoia Capital
Sequoia Capital is a premier venture firm that takes a long-term view on investments, acting as an active, value-added partner to entrepreneurs and management teams globally.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth, computing power, and data-driven innovation.
What's next for Remote?
With the infusion of $300M, Remote is well-positioned to accelerate its product roadmap and expand its footprint in emerging markets. The strategic focus will likely center on deepening its compliance automation capabilities and enhancing the user experience for both employers and distributed contractors. As the global demand for flexible work arrangements continues to rise, Remote is poised to leverage its robust capital position to maintain its competitive edge, potentially exploring further integrations within the broader financial services and HR technology ecosystem to provide a comprehensive, end-to-end solution for the future of work.
See full Remote company page
