- Companies
- Remote
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series C | $3B |
| Jul 2021 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series C | SoftBank 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 | $3B | Remote 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 2021 | Series B | Accel (lead); General Catalyst; Index Ventures; Day One Ventures; Sequoia Capital; 9Yards Capital; Two Sigma Ventures | $150M | $1B | Remote 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 2020 | Series A | Index 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 2020 | Seed | Two 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Apr 2020 | ||
| 4 | Lead | Apr 2020 | ||
| 4 | Lead | Apr 2020 | ||
| 3 | Participant | Nov 2020 | ||
| 2 | Participant | Apr 2020 | ||
| 2 | Participant | Jul 2021 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Participant | Nov 2020 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Apr 2020 | ||
This data is available for Pro users. Sign up to see all 25 Remote investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |||
| HQ City | Paris | San Francisco, CA | New York City, NY |
| Deal Date | 8 Apr 2026 | 20 Jan 2026 | 2 Apr 2024 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Remote acquisitions and their M&A valuation multiples. Start Free Trial | |||
Remote Competitors
Remote competitors include listed companies like TOTVS, Freee and Teamshares, and private ones like PayFit, CaptivateIQ and Swile.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $318M | $3.8B | 3.2x | ||
| Private | $74M | - | $2.1B | 28.3x | ||
| Publicly listed | $214M | $6M | $1.5B | 4.8x | ||
| Private | $44M | - | $1.3B | 28.4x | ||
| Private | $23M | - | $1B | 43.5x | ||
| Publicly listed | $472M | ($23M) | $545M | 1.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $318M | 3.9x | 3.2x | 13.7x | 12.1x | |||
| $623M | $45M | 3.0x | 2.6x | 41.8x | 11.9x | |||
| $885M | ($33M) | 4.5x | 4.0x | (120.8x) | 24.0x | |||
| $1.7B | $34M | 2.4x | 2.4x | 116.2x | 10.3x | |||
| $993M | $154M | 1.8x | - | 11.9x | - | |||
| $218M | $84M | 7.0x | 6.4x | 18.2x | 17.1x | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $1.2B | $117M | 3.5x | 3.0x | 35.8x | 24.8x | |||
This data is available for Pro users. Sign up to see all Remote competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Remote
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




