Remote Secures a $35 million Series A round, led by Index Ventures and Sequoia Capital.
An organization is as good as its employee; thus, hiring is a critical decision that rests on HR shoulders. To shortlist the right candidate, HR needs to be equipped with the best technology available. Remote is an organization that works to address these pain points; the company's name signifies its global team approach towards employees.
Remote, a startup in the HR tech domain, was successful in securing a $35 million Series A round after it had primarily secured $11 million as seed funding. The funds in this round were procured from Index Ventures and Sequoia Capital, along with active participation from angel investors, namely Kevin Hartz, Aaron Levie, Zach Weinberg.
Remote is founded by industry veterans Job van der Voort and Marcelo lebre. Within a year, they have managed to obtain a team growth of 650 percent this year.
The startup offers international payroll, immigration services, visa services, and provides employee benefits; it also provides a free platform for global contractor management and payments. From the time Remote has been online this year, they claim to have doubled their customer base every month and been approached by thousands of companies.
The meteoric rise of Remote should not only be credited to COVID-19, as the organization is much more than a well-designed fancy HR software. The organization asserts its uniqueness as the only global employment provider with a well-established legal structure in every country it operates, which provides an additional assurance of security and compliance with local labor laws.