Remote

Founded in 2019, the American startup Remote provides employers with tools for interacting with employees from other countries.

History

2021: Raising $150 million, including from Day One Ventures

In mid-July 2021, the Remote startup, which provides tools to manage the recruitment process, payroll, benefits and other services for technical and other specialists working in remote countries, whether contractors or full-time employees, raised $150 million. According to the CEO and co-founder of Remote, Job van der Voort, the estimate of the Remote startup has grown to $1 billion.

The Series B investment round was led by Accel, and existing investors Sequoia, Index Ventures, Two Sigma, General Catalyst and the Russian-founded Day One Ventures fund also invested in Remote .

Founded by Russian Maria Drokova fund Day One Ventures invested in a platform for remote work

Funding will be used in several areas. First of all, Remote will direct funds to expand its business to a larger number of markets. The startup also intends to develop by offering new services, in particular assistance in obtaining benefits, visa and immigration support.

In addition, Remote will use the funding to continue creating additional tools and partnerships for integration with other service providers. So, Remote launched the Global Employee API solution, which HR platforms focused on domestic payroll can integrate to provide their own international offer based on Remote. The Rippling HR platform is one of the first users of the new solution. In addition, Remote has been integrated with Greenhouse's Open Job Tracking System, which will allow the process of adapting new employees. From the end of 2020 to July 2021, the number of Remote customers increased 7 times, and the number of platform users increased 10 times.^[1]

Notes