Remote Valuation, Funding & Investors

Remote is valued at $3B as of April 2022.

Last Remote valuation

$3B

Series C · Apr 2022

Last Remote funding round

$300M

Series C · Apr 2022

Cumulative funding Remote raised

$496M

across 4 funding rounds

Key investors in Remote

  • General Catalyst
  • Index Ventures
  • Two Sigma Ventures
  • Sequoia Capital
  • Accel
  • 9Yards Capital

Remote Overview

About Remote

Remote is a San Francisco-headquartered global HR platform enabling companies to hire 70,000+ international contractors compliantly. The service automates payroll in 170 countries, managing taxes and benefits through integrations with Stripe and Deel alternatives. Clients include OpenAI and Revolut for remote teams in Latin America and Eastern Europe. Launched in 2020, Remote processes 100 million dollars in monthly payments.


Founded

2019

HQ

United StatesSan Francisco, CA

Website

remote.com

Status

Privately held

Customer focus

B2B

Revenue model

Services, Subscription

Valuation

$3B (Apr 2022)

Remote Valuation

Remote is currently valued at $3B, based on its Series C in April 2022.

The $300M round was led by SoftBank Group, with participation from Adams Street Partners, General Catalyst, Index Ventures, Sequoia Capital, Gaingels and 6 other investors.

Remote's valuation has grown 3.0x from $1B at its Series B in July 2021 to $3B in April 2022, across 2 priced rounds.

Remote valuation by funding round

Remote valuation by funding round
DateStageValuation
Apr 2022Series C$3B
Jul 2021Series B$1B

Remote Funding History

Remote has raised a total of $496M across 4 funding rounds.

Remote's first fundraising round was a $11M seed round in April 2020. The most recent completed round was a $300M Series C in April 2022.

Remote funding rounds

Remote funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Series CSoftBank Group (lead); Adams Street Partners; General Catalyst; Index Ventures; Sequoia Capital; Gaingels; 9Yards Capital; Accel; Indico Capital Partners; Flat Capital; Two Sigma Ventures; Base Partners$300M$3BRemote is a San Francisco-based HR technology platform founded in 2019 that enables companies to hire, onboard, manage, and pay distributed global workforces, offering services including payroll, benefits, taxes, local compliance, and Employer of Record solutions for contractors and full-time employees. Customers include GitLab, DoorDash, HelloFresh, Loom, and Paystack, ranging from startups processing payments for a few employees to enterprises handling thousands. On April 5, 2022, Remote announced a $300 million Series C funding round led by SoftBank Vision Fund 2, with participation from existing investors Accel, Sequoia Capital, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards Capital, Adams Street Partners, and Base Partners (also referred to as Base Growth). This round valued the company at over $3 billion post-money (described as nearly $3 billion or $3B+), bringing total funding raised to $495 million following a $150 million Series B in July 2021 at over $1 billion valuation. The funding aims to expand Remote's technology and services to more geographies, build additional products like contractor and global payroll platforms, enhance service and benefits offerings, and support rapid business growth amid the shift to remote and hybrid work. Recent innovations include the launch of the Remote API in partnership with platforms like AngelList and Sequoia Consulting to scale international team management. Remote positions itself as a full-stack global HR platform addressing the complexities of international hiring, which has become intensive, costly, and risky post-pandemic. Investors highlighted its first-in-class innovation and potential to create a world where every person and business belongs in the global market, with SoftBank's Brett Rochkind noting its seamless experience for hiring anywhere. The company plans events like the Remote Connect conference on building belonging in the new world of work.
Jul 2021Series BAccel (lead); General Catalyst; Index Ventures; Day One Ventures; Sequoia Capital; 9Yards Capital; Two Sigma Ventures$150M$1BRemote is a global HR platform that provides tools for onboarding, payroll, benefits, taxes, compliance, equity incentive planning, visa support, and employee relocation for remote contractors and full-time employees across countries. The funding valued the New York-based company at $1B+, marking it as a sizable Series B amid a flush market. Packages started at $149 per month and scaled up, indicating high engagement from users leaning heavily on the tech. The proceeds were earmarked for building more tools and partnerships in the fragmented HR market, including a new Global Employee API for domestic payroll platforms to add international capabilities via Remote.
Nov 2020Series AIndex Ventures (lead); General Catalyst; Sahin Boydas; Prototype Capital; Sequoia Capital; Julia Hartz; 10X Capital; A*; Aaron Levie; Two Sigma Ventures; Bossa Invest; Base Partners$35M--
Apr 2020SeedTwo Sigma Ventures (lead); General Catalyst; Index Ventures; Kirsten Abma; Liquid 2 Ventures; Prototype Capital; Jobert Abma; Sytse Sijbrandij; Inkef$11M-Remote, a global HR platform, provides payroll, compliance, and workforce management solutions for companies with distributed international teams. In April 2020, it raised an $11 million seed round with investors including General Catalyst, Index Ventures, Inkef, Two Sigma Ventures, and others. The company was founded in 2019 to address the growing need for remote work infrastructure. This seed funding supported early expansion amid rising remote work trends accelerated by the COVID-19 pandemic. Remote quickly followed with additional seed rounds totaling around $10.65 million and a Series A of $35 million in November 2020. By July 2021, it raised a $150 million Series B at over $1 billion valuation, achieving unicorn status, with participation from Accel, Sequoia, Index Ventures, Two Sigma Ventures, and General Catalyst.

Who has invested in Remote?

25 investors have backed Remote across its funding rounds, including General Catalyst, Index Ventures, Two Sigma Ventures, Sequoia Capital, Accel and 9Yards Capital.

Lead investors include SoftBank Group, Accel, Index Ventures and Two Sigma Ventures.


Remote Investors

Investors in Remote by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA4ParticipantApr 2020
Index VenturesUnited KingdomLondon4LeadApr 2020
Two Sigma VenturesUnited StatesNew York City, NY4LeadApr 2020
Sequoia CapitalUnited StatesSan Francisco, CA3ParticipantNov 2020
Prototype CapitalUnited StatesSan Francisco, CA2ParticipantApr 2020
9Yards CapitalUnited StatesUnited States2ParticipantJul 2021
AccelUnited StatesPalo Alto, CA2LeadJul 2021
Base PartnersJapanTokyo2ParticipantNov 2020
Adams Street PartnersUnited StatesChicago, IL1ParticipantApr 2022
Kirsten AbmaUnited StatesSan Francisco, CA1ParticipantApr 2020
SoftBank GroupJapanTokyo1LeadApr 2022
Sahin BoydasUnited StatesSan Francisco, CA1ParticipantNov 2020
Liquid 2 VenturesUnited StatesSan Francisco, CA1ParticipantApr 2020

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Acquisitions by Remote

Remote has acquired 3 companies to date.

Last acquisition by Remote was on April 8th 2026. Remote acquired Bravas for undisclosed valuation.


Latest Acquisitions by Remote

Bravas
Atlas
Easop
Description
Bravas equips SMBs and startups to manage and secure IT fleets, users, accounts, and licenses without IT expertise. Employees access a seamless experience while administrators benefit from ease of use in one solution. Bravas, founded in 2021, raised funds from a family office, investor club, and IT business angels.
Atlas is a global benefits platform offering core coverage including health insurance, life insurance, and mental health support to full-time employees and contractors alike. It serves teams in 45 countries across five continents through partnerships with local insurers. San Francisco-headquartered, Atlas automates enrollment and claims processing for companies like GitLab and Zapier, ensuring compliance with regional regulations.
Easop is a Tel Aviv-headquartered equity management platform that streamlines the offering, administration, and compliance of stock options, RSUs, and other incentives for employees, contractors, and advisors across more than 100 countries. The platform automates cap table management, tax reporting, and vesting schedules while integrating with payroll systems like BambooHR and Gusto. Easop serves over 1,000 companies including startups and scale-ups in tech sectors, ensuring adherence to local regulations in jurisdictions from the US to Europe and Asia. Founded in 2020, it supports secondary transactions and provides real-time analytics for equity planning.
HQ CountryFranceUnited StatesUnited States
HQ City
Paris
San Francisco, CA
New York City, NY
Deal Date8 Apr 202620 Jan 20262 Apr 2024
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Remote Competitors

Remote competitors include listed companies like TOTVS, Freee and Teamshares, and private ones like PayFit, CaptivateIQ and Swile.

Public and private companies comparable to Remote
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TOTVSBrazilBrazilPublicly listed$1.1B$318M$3.8B3.2x
PayFitFranceParisPrivate$74M-$2.1B28.3x
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x
CaptivateIQUnited StatesSan Francisco, CAPrivate$44M-$1.3B28.4x
SwileFranceParisPrivate$23M-$1B43.5x
TeamsharesUnited StatesUnited StatesPublicly listed$472M($23M)$545M1.4x

Remote Public Comps

Remote is still privately-owned, but its public comps include TOTVS, Flywire, Workiva, BILL.com, Hilan, ATOSS Software, Freee, Paymentus, PicPay and Eurowag.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TOTVS$1.1B$318M3.9x3.2x13.7x12.1x
Flywire$623M$45M3.0x2.6x41.8x11.9x
Workiva$885M($33M)4.5x4.0x(120.8x)24.0x
BILL.com$1.7B$34M2.4x2.4x116.2x10.3x
Hilan$993M$154M1.8x-11.9x-
ATOSS Software$218M$84M7.0x6.4x18.2x17.1x
Freee$214M$6M6.3x4.8x237.7x65.4x
Paymentus$1.2B$117M3.5x3.0x35.8x24.8x

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Common questions about Remote

When was Remote founded?Remote was founded in 2019.
Where is Remote headquartered?Remote is headquartered in San Francisco, CA, United States.
Is Remote publicly listed?No, Remote is a private, VC-backed company.
What is Remote's valuation?Remote was last valued at $3B in its Series C in April 2022.
How much funding has Remote raised?Remote has raised $496M across 4 funding rounds.
What was Remote's last funding round?Remote's last funding round was a $300M Series C in April 2022, led by SoftBank Group.
Who are Remote's investors?Remote's investors include General Catalyst, Index Ventures, Two Sigma Ventures, Sequoia Capital, Prototype Capital, 9Yards Capital, Accel, Base Partners, Adams Street Partners, Kirsten Abma and 15 others.
Which companies are comparable to Remote?Companies comparable to Remote include TOTVS, PayFit, Freee, CaptivateIQ, Swile and Teamshares.
How many companies has Remote acquired?Remote has acquired 3 companies, including Bravas, Atlas and Easop.

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