Remote has raised a $150 million Series B round at a valuation of more than $1 billion, making Remote a unicorn company. This round was led by Accel with participation from existing investors including Sequoia, Index Ventures, Two Sigma, General Catalyst, and Day One Ventures.
CEO Job van der Voort said: “Since our Series A round in November 2020, Remote has experienced incredible growth. We have opened entities in dozens of new countries, grown our user base by 10 times in just eight months, and expanded our own team from 50 to more than 220 team members in 47 countries on six continents. All done in the name of helping more companies, workers, and countries enjoy the benefits of global employment.”
Remote also announced the launch of a first-to-market Global Employee API. This API will allow HR and payroll companies to take advantage of Remote’s vertically integrated global employment structure within their own products and platforms. Remote has also partnered with Greenhouse, the leading applicant tracking system and recruiting software, to integrate with their robust employee information data and increase the speed and accuracy of Remote customers’ onboarding processes.
This new funding will accelerate their expansion into more countries. Remote have added 32 new legal entities since November, for a total of 50 around the globe and will be in 80 countries by the end of 2021.
Announcement: Remote Raises $150M for Global Pay