Remote

๐Ÿ“‚ Software Enterprise๐Ÿ“ San Francisco๐Ÿ—“๏ธ Founded: 2019

Global employer of record and payroll, founded in 2019 in San Francisco with a fully remote team. Valued at nearly $3 billion in 2022.

Europe's most interesting startup stories. Every week.

No spam. Unsubscribe anytime.

Podcast Episode

๐ŸŽ™๏ธ Deep Dive

EP 28 - Fintech Frontier - Marshmallow: The Insurtech Unicorn for Newcomers

Listen to the episode

EP 30 - Startup Remote - Remote

Listen to the episode

About Remote

Remote provides infrastructure to hire, pay and manage workers in several countries: it offers employer-of-record services through its own local entities, with payroll, benefits, compliance and contractor management, plus HR tools, mobility and employee equity services. It was founded in 2019 in San Francisco by Job van der Voort (CEO) and Marcelo Lebre (President); the team works entirely remotely and the holding is American, with a European entity in Amsterdam. It raised an $11M seed (April 2020), a $35M Series A (November 2020), a $150M Series B (July 2021) and a $300M Series C (5 April 2022, SoftBank Vision Fund 2), for $496M nominal. The Series C valued it at nearly $3 billion. Valuation and rounds after 2022 are not verified. By origin it is a non-European company.

The Story

Remote was founded in 2019 in San Francisco by Job van der Voort and Marcelo Lebre, with a fully remote way of working.

Products & Services

Key Products

  • Employer of record tramite entitร  locali
  • Payroll, benefit e adempimenti
  • Gestione dei contractor e mobilitร 

Core Use Cases

  • Hiring employees abroad without opening a local company
  • Paying distributed teams in several countries

Market & Clients

Geographic Presence

USNLPT

Funding & Investors

Total Funding

$496M (somma nominale delle quattro raccolte: $11M + $35M + $150M + $300M); dichiarato $495M al 05/04/2022 dalla stessa societร , differenza di $1M non riconciliata

Latest Valuation

Quasi $3B (Series C, 05/04/2022); oltre $1B alla Series B (13/07/2021); pre/post-money non verificato; valutazione 2026 non verificata (2022)

Funding Rounds

  • 2020 - Seed: $11M
    Lead: Two Sigma Ventures
  • 2020 - Series A: $35M
    Lead: Index Ventures
  • 2021 - Series B: $150M
    Lead: Accel
  • 2022 - Series C: $300M
    Lead: SoftBank Vision Fund 2

Key Investors

SoftBank Vision Fund 2AccelIndex VenturesSequoia CapitalTwo Sigma VenturesGeneral CatalystDay One9YardsAdams StreetBase Growth

Founding Team

Founders

Job van der VoortCofondatore e CEO
Marcelo LebreCofondatore e President

Key Metrics

Team e paesi220+ team in 47 paesi, 50 entitร  locali (2021)

Similar Startups

๐Ÿ“ San Francisco

Talkdesk

Cloud contact centre born in Portugal in 2011, now with its legal seat and HQ in the US. The 2021 Series D valued it above $10 billion.

Read Analysis
๐Ÿ“ San Francisco

Productboard

Product management software headquartered in San Francisco with offices in Europe. Its US$1.725 billion valuation dates from the February 2022 Series D.

Read Analysis
๐Ÿ“ San Francisco

BrowserStack

Software testing platform born in Mumbai in 2011 and privately held. The 2021 $200M Series B valued it at US$4 billion; 2026 brings only a buyback.

Read Analysis

Sources

๐ŸŽ™๏ธ Scalable Podcast โ€” European startup stories ยท ๐Ÿ‡ฎ๐Ÿ‡น in Italian
Spotify ๐ŸŽง Apple