News: HR tech startup Remote raises US$35 million Series A funding

HR Technology

HR tech startup Remote raises US$35 million Series A funding

Remote, which provides international payroll, taxes, benefits and compliance services, has raised US$46 million this year, increased its team by 650 percent, and plans to expand into 30 countries by year-end.
HR tech startup Remote raises US$35 million Series A funding

HR technology platform Remote, which provides international payroll, taxes, benefits and compliance services, announced this week that it has secured US$35 million in Series A funding. The Series A round was led by Index Ventures and joined by Sequoia Capital, with additional participation from angel investors including Aaron Levie, Zach Weinberg, and Kevin and Julia Hartz. In total, Remote has raised US$46 million in 2020 so far, including US$11 million seed funding in April.

Remote was founded in 2019 by CEO Job van der Voort and CTO Marcelo Lebre, and went public earlier this year. In the funding announcement, van der Voort predicted that upwards of 40 percent of knowledge worker jobs will be hybrid or fully remote roles in the next few years, and that he intends to use the funding raised to capitalize on this trend.

He said: "We believe that companies should be able to employ anyone in the world and that opportunities should be accessible regardless of where someone lives. This investment will allow us to continue to build tools for companies to make remote work easier. Remote doesn’t just enable global employment, it helps businesses win the global talent war.”

Van der Voort also stated in a blog post on the startup's website that Remote has grown very quickly in 2020, with its customer base doubling every month since the start of the year, and projects that it will be offering its services in 30 countries by the end of the year. The company has also increased its team by 650 percent and added a number of senior hires and board members.

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Topics: HR Technology, #FundingAndInvestment

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