HR tech startup Remote has raised $11 million in seed funding. The financing will be used to expand its onboarding platform and extend coverage to forty new markets in 2020.
Remote, enabling simplified global employment, will extend to new markets by the end of 2020, including Canada, Germany, the United States and France. The fundraising round was led by Two Sigma Ventures, with participation from Index Ventures, General Catalyst, Liquid2, INKEF Ventures, Remote First Capital, and angel investors from GitLab and HackerOne.
CEO and co-founder Job van der Voort: “In order to legally hire someone in another country, you need to create a local entity, learn about local labor laws, run local payroll and find a local attorney to create a compliant employment contract. It’s tedious, and it’s prohibitively expensive. Marcelo and I worked at globally distributed companies before starting Remote, and we saw a massive opportunity in simplifying global payroll and compliance through technology, and by building an innovative global infrastructure.”
Co-founder Marcelo Lebre: “We are energized and proud to enable any employer, both startups and enterprises, to accelerate their business growth and access a global talent pool quickly and efficiently, especially during these challenging and unprecedented times. This new fundraising furthers our mission to position Remote as the most trusted global resource for remote job seekers, contractors, employees, and employers.”
Remote was founded in early 2019 to simplify how companies employ global talent. Remote is an HR technology startup enabling companies to hire anyone anywhere in the world in minutes through the Remote platform. Remote is a fully distributed company with employees based in several different countries.