Boundless, the Irish remote working compliance firm, has raised €2.5m in seed funding. The new funding round, led by US-based Fyrfly Venture Partners and London-based Ada Ventures, brings the startup’s total funding to €3.6m.
The company allows employers to hire people in other countries while respecting all employment, tax and regulatory rules.
CEO and co-founder Dee Coakley said that “thousands” of companies that hire remotely are breaching local employment laws whether they know it or not. “From failing to register workers in the proper jurisdiction through to incorrectly hiring people as contractors to perform permanent roles, these worries are being felt across the entire leadership team,” she said.
Announcement: Boundless Raises €2.5M to Hire and Pay People Remotely