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Remote: Secures $35M in Series A Funding | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Remote: Secures $35M in Series A Funding

  • Remote, a San Francisco, CA-based provider of an HR technology platform for international payroll, benefits, and compliance, raised $35m in Series A funding.
  • The round was led by Index Ventures with participation from Sequoia Capital, and angel investors including Aaron Levie, Zach Weinberg, and Kevin and Julia Hartz
  • Previous investors General Catalyst and Two Sigma Ventures are also participating
  • The company, which has also raised $46m to date, intends to use the funds to expand operations and its business reach
  • Remote, a fully distributed company with its own legal infrastructure in every country where it operates
  • This provides customers with security for IP and invention rights, guarantees international compliance

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