Remote, a NYC-based HR tech platform and provider of global employer of record services and international contractor management, raised $150m in Series B funding.
The round was led by Accel with participation from existing investors including Sequoia, Index Ventures, Two Sigma, General Catalyst and Day One Ventures.
The company, which is now valued at over $1 billion, intends to use the funds to expand their advisory services to include guidance on global benefits, equity incentive planning, visa and immigration support, employee relocation, and more, build its own financial services infrastructure that will streamline and add transparency and speed to international payroll processes.
Founded in 2019 by Job van der Voort (former VP of Product at GitLab) and Marcelo Lebre (former VP of Engineering at Unbabel), Remote is a self-serve global employment platform which has synthesized international legal systems into a single experience for its customers, enabling them to compliantly employ anyone, anywhere. Its Global Employee API makes it possible for HR tech partners to leverage a legal infrastructure for global payroll, benefits and compliance. , Remote’s revenue has grown by 65x over the past year, and employee headcount has gone from 50 to 220 employees working remotely in 45 countries since November 2020.
FinSMEs
13/07/2021