Remote, a San Francisco, CA-based leading remote organization management platform, developed to assist international large and small companies in managing their payroll, benefits, taxes, and compliance, raised $300 million in Series C funding, bringing the total raised to $495 million, valuation to nearly $3 billion.
The round was led by SoftBank, with participation from existing investors Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, and Gaingels.
This funding will allow Remote to continue scaling its global operations, and will also help empower other companies looking to follow the same path.
Company: Remote Technology, Inc.
Raised: $300.0M
Round: Series C
Funding Month: April 2022
Lead Investors: SoftBank
Additional Investors: Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, and Gaingels
Company Website: https://remote.com/
Software Category: Remote Organization Management Platform
About the Company: Founded in 2019 by Job van der Voort and Marcelo Lebre., Remote.com is a leading remote organization management platform, developed to assist international large and small companies in managing their payroll, benefits, taxes, and compliance. It enables you to link your people and payroll data across the HR IT stack in order to provide you with the finest service and protection in the professional domain. Remote offers onboarding and management tools that are completely self-serve for both employers and workers. With expert team members located in more than 60 countries, In 2021, Remote was named one of Inc.’s Best Workplaces, named a Leader in Multi-Country Payroll by G2, and received Comparably’s awards for Best Company for Diversity and Best Company for Happiness. Remote’s mission is to open up the vast potential of the world for every person, business, and country.
Source: https://remote.com/blog/remote-raises-300-million-series-c