Recruitment marketplace Remotebase raises $2.1Mn at a $65Mn valuation
California–based recruitment marketplace Remotebase announced a $2.1Million funding round as it launches the developer hiring tool Talently.
The pre-series A was co-led by Indus Valley Capital and Hustlefund Ventures with participation from Soma Capital, Angel Squad, Draper Associates, and Angel investors from Redis and Careem.
With this round, Remotebase has raised $2.1Million at $65 million from investors.
Remotebase offers pre-vetted top developer teams to operate for any client within 24 hours.
The new recruitment app from Remotebase, Talently, is its latest proposition to businesses seeking to onboard developer talent.
Talently helps developers find top job opportunities while inviting tech recruiters and hiring managers to seek dedicated remote developer teams by exploring more than 60,000+ pre-vetted developer profiles on the go.
Qasim Salam, the CEO of Remotebase, said: “Building and scaling our platform from just 11 engineers to now over 60,000+ within 2.5 years has truly been rewarding. With Talently, we want to democratize work and enable millions of individuals from emerging countries to have access to the best opportunities in the world.”
Talently will work on a subscription model. According to a company statement, business recruiters can get full access to hundreds of premium developer profiles for a monthly fee starting at $499.
Remotebase was founded by Qasim Asad Salam and Talha Masood, who identified an opportunity to revolutionize the tech hiring process by offering a unique competitive service.
They first co-founded a software company and an engineers’ performance tracking system. After Covid fundamentally altered the way people work, the founders decided to take responsibility for the placement of their engineering teams and began pursuing business opportunities within their network with an offer of pre-vetted engineers available for placement in 24 hours.
They started getting positive responses and identified a huge demand for tech talent with minimal hiring time. That’s when things changed for the better, as they decided to scale this up, and the idea of Remotebase was born.
The company has several clients including unicorn companies and billion-dollar clients such as Northwestern Mutual, Fireflies.ai, and Fabric. Inc, etc.
Talha Masood, the CTO of Remotebase, said: “Talently is good news for tech recruiters, hiring managers, and CTOs who are constantly on the lookout for hiring the most reliable tech talent and want to avoid the costly hassle of technical assessments.”
Tim Draper, an investor in Remotebase, said: "Talently has the potential to become a game-changer in the way tech talent is hired all over the world. It can help both companies and developers surpass geographical constraints and make hiring processes much more efficient.