What is Remote?
Remote is a premier human resources technology platform that provides a comprehensive suite of services for distributed organizations. By offering employer-of-record (EOR) services, international payroll processing, and contractor administration, the company eliminates the traditional barriers associated with hiring talent across geographic borders. This allows businesses to scale their workforce without the administrative burden of establishing local legal entities in every jurisdiction.
The platform's core value proposition lies in its ability to simplify the complexities of global compliance and workforce management. By integrating these critical functions into a single, subscription-based software interface, Remote has become an essential partner for startups, mid-sized enterprises, and large-scale organizations seeking to optimize their international operations in an increasingly remote-first professional landscape.
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 General Catalyst, Remote First Capital, Index Ventures, Two Sigma Ventures, HackerOne, INKEF Ventures, GitLab, and Liquid2
Series A (2020): $35M led by Kevin Hartz, Steamboat Ventures, Index Ventures, Aaron Levie, Julia Hartz, and Zach Weinberg
Series B (2021): $150M supported by Two Sigma Ventures, Sequoia Capital, Accel, and Index Ventures
Series C (2022): $300M featuring Sequoia Capital, Index Ventures, Two Sigma Ventures, SoftBank Group, and Accel
Key Investors in Remote
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies.
Sequoia Capital
Sequoia Capital is a premier venture capital firm that partners with entrepreneurs to create global market leaders, leveraging a long-term investment perspective and deep operational expertise.
SoftBank Group
SoftBank Group is a global technology holding company that drives innovation through strategic investments in AI, robotics, and internet services, focusing on long-term growth and industry leadership.
What's next for Remote?
With the support of its latest strategic financing, Remote is well-positioned to further enhance its technological infrastructure and expand its global footprint. The company's focus remains on deepening its compliance capabilities and refining its automated payroll solutions to meet the evolving needs of the modern, distributed workforce.
As the demand for flexible, cross-border employment solutions continues to rise, Remote is expected to leverage its substantial capital reserves to drive product innovation and market penetration. By maintaining its commitment to simplifying international operations, the company is poised to remain a critical enabler of the global talent economy, potentially setting the stage for future growth or strategic market consolidation.
