What is Remote?
Founded in 2019, Remote operates without traditional corporate offices, offering a comprehensive recruiting software solution designed to enable companies to source and manage remote employment opportunities on a global scale. The company's platform addresses the complexities of international payroll, compliance, and benefits, facilitating seamless cross-border hiring. Remote's innovative approach positions it as a key player in the evolving landscape of work, catering to the increasing demand for distributed workforces.
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 GitLab, HackerOne, Index Ventures, Two Sigma Ventures, General Catalyst, Remote First Capital, Liquid2, and INKEF Ventures
Series A (2020): $35M led by Aaron Levie, Julia Hartz, Index Ventures, Zach Weinberg, Steamboat Ventures, and Kevin Hartz
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, Accel, and SoftBank Group
Key Investors in Remote
Sequoia Capital
Sequoia Capital is a prominent venture capital firm known for its long-term partnerships with entrepreneurs, investing across venture, growth, and late-stage opportunities. They are recognized for their active role in supporting companies from inception to market leadership.
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders with bold dreams to build enduring companies. They invest globally and have backed numerous successful tech companies.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm focused on transformative companies leveraging data and computing power, with an interest in technology that enhances human potential and AI.
What's next for Remote?
With its substantial enterprise-level backing and a recent major strategic investment, Remote is poised for accelerated expansion. The company is likely to leverage this capital to further enhance its platform's capabilities, broaden its market reach, and solidify its position as a leader in global remote employment solutions. Future developments may include expanding its service offerings to cover more nuanced aspects of international HR and compliance, as well as forging strategic partnerships to deepen its ecosystem. The consistent flow of significant investment suggests a trajectory towards scaling operations and capturing a larger share of the global talent acquisition market.
See full Remote company page
