Terminal, a Toronto, CA-based startup that provides high-growth technology companies with a complete solution to build and scale remote technical teams, raised $10m in Series A funding.
Backers included Lightspeed Venture Partners, Thiel Capital, Kleiner Perkins Caufield & Byers, Atomic, Craft Ventures (David Sacks’ new venture firm) as well as Jerry Yang.
The company intends to use the funds to accelerate growth across Canada and expand offering into Latin America.
Co-founded by Atomic and Joe Lonsdale (8VC, Palantir), Terminal builds and scales elite remote engineering teams to accelerate the growth of technology companies around the world.
The company identifies the best markets for technical talent around the globe and establishes operational support services to facilitate the growth of technology companies. Each Terminal office recruits elite talent, develops and manages work spaces, and provides comprehensive operational and legal support such as human resources, benefits, payroll, and stock option administration.