Human resources technology platform Remote announced it has raised $35 million in Series A funding led by Index Ventures and joined by Sequoia Capital with additional participation from angel investors including Aaron Levie, Zach Weinberg, and Kevin and Julia Hartz. Previous investors General Catalyst and Two Sigma Ventures are also participating.
Including this round, Remote has raised $46 million to date. And this round of funding empowers Remote to further its position as the industry’s most compliant and competitive solution helping companies of all sizes employ global teams.
Since launching earlier this year and raising $11 million in a seed funding round in April, Remote has been approached by thousands of companies seeking to take advantage of its unique employment model and a global network of legal entities, including customers GitLab, Loom, Cargo One, Whereby and Phaidra. Remote has been doubling its customer base every month since the start of the year.
Launched by Job van der Voort (who as VP of product for GitLab helped grow the company from five to 450 employees across 67 countries with no offices) and Marcelo Lebre (an industry veteran who worked at several globally-distributed companies), the Remote team has grown by 650% this year with new senior hires including Roderick van Vliet (previously EY) as Head of Legal, and Elisa Rossi (previously Square, Eventbrite, and Apple) as Head of Growth. And as part of this round, Hannah Seal, Principal at Index Ventures, and Jan Hammer, Partner at Index Ventures, will also be joining the board.
Remote’s platform includes its global employer of record services, which covers international payroll, benefits, taxes, and visa and immigration services, as well as a free platform for global contractor management and payments.