Remote Raises $300M In Series C Funding; Valued at Over USD3 Billion


Remote, a San Francisco, CA-based provider of a platform for building, managing and supporting global, distributed workforces, raised $300M in Series C funding.

The round, which brings the total raised to $495m and the valuation to nearly $3 billion, was led by SoftBank Vision Fund 2 with participation from Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth.

The company intends to use the funds to build more products including contractor and global payroll platforms and expand on their service and benefits offering.

Led by CEO Job van der Voort, Remote provides solutions for building, managing and supporting global, remote-first workforces. Using its HR platform, businesses can hire and retain talent – regardless of where they are based, and tools to manage onboarding, payroll, benefits, relocation and other services for their teams.

The company, which has expert team members located in more than 60 countries, serves companies such as GitLab, DoorDash, Loom, Paystack and more.

In 2022, Remote launched a program to provide hands-on support to help companies empower their employees with international moves through Remote Relocation, which provides visa guidance and sponsorship, local immigration and tax guidance, insurance, and cross-cultural training. The company also launched Remote for Refugees, a program that makes it easy and cost-effective for businesses to invest in refugee talent, including free global employment for all refugees.

Last month, it launched Remote API in partnership with HR software platforms including AngelList and Sequoia Consulting to help companies scale and manage international teams directly through their platforms.