What is Remote?
Remote is a privately held company specializing in international employment infrastructure, offering comprehensive solutions for hiring, managing, and paying employees and contractors globally. Founded in 2019 by Job van der Voort and Marcelo Lebre, the company emerged to address the complexities of distributed workforce management, enabling businesses to expand their talent reach without the need for establishing local legal entities. Remote operates within the human resources technology and financial services sectors, generating revenue through subscription-based software, employer-of-record arrangements, and international payroll processing. Its platform is designed to support startups, mid-sized businesses, and enterprise organizations navigating the challenges of global remote work.
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 INKEF Ventures, General Catalyst, Remote First Capital, Two Sigma Ventures, HackerOne, Liquid2, GitLab, and Index Ventures
Series A (2020): $35M led by Index Ventures, Zach Weinberg, Kevin Hartz, Aaron Levie, Julia Hartz, and Steamboat Ventures
Series B (2021): $150M supported by Sequoia Capital, Two Sigma Ventures, Index Ventures, and Accel
Series C (2022): $300M featuring Index Ventures, Two Sigma Ventures, Sequoia Capital, 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. With offices in San Francisco & London, Index Ventures invests in entrepreneurs all over the world.
Steamboat Ventures
Steamboat Ventures, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors.
Sequoia Capital
Sequoia Capital in India currently manages funds capitalized at close to USD 1.4 billion and invests across venture, growth, and late stage opportunities. It takes a long-term view on investments and plays the role of an active, value-added partner to entrepreneurs.
What's next for Remote?
The recent major strategic investment signifies a pivotal moment for Remote, positioning it for accelerated expansion and further development of its global workforce management solutions. With a strong foundation in enabling seamless international employment, the company is poised to capitalize on the ongoing trend of remote work adoption. Future strategic initiatives are likely to focus on enhancing its compliance offerings, expanding its service footprint into new international markets, and further integrating its HR platform with other essential business tools. This capital will fuel innovation, allowing Remote to solidify its leadership in the employer-of-record and cross-border payroll space, thereby empowering more organizations to build and manage diverse, global teams effectively.
See full Remote company page
