Remote Reels in $300 Million Series C

<p><strong>SAN FRANCISCO <&sol;strong>&&num;8212&semi; Remote&comma; a service that helps companies in building&comma; managing and supporting global&comma; remote workforces&comma; has secured a &dollar;300 million Series C financing round&comma; led by SoftBank Vision Fund 2 with participation from existing investors including Accel&comma; Sequoia&comma; Index Ventures&comma; Two Sigma Ventures&comma; General Catalyst&comma; 9Yards&comma; Adams Street and Base Growth&period;<&sol;p>&NewLine;<p>Remote says it is experiencing exponential growth with a 900&percnt; employee increase and more than 13-fold growth in annual recurring revenue in the past year&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Remote’s mission from day one has been to help create a world where every person and business truly belongs in the global market&period; This significant show of support from investors along with the rapid growth of our business is proof that this need is not only palpable&comma; but that the vision and solutions we offer are first-in-class innovation&comma;” said Job van der Voort&comma; co-founder and CEO of Remote&period; &OpenCurlyDoubleQuote;With this additional funding&comma; we will be able to build more products including contractor and global payroll platforms and expand on our premier service and benefits offering&period;”<&sol;p>&NewLine;<p>Coming only eight months after its &dollar;150 million Series B&comma; which cemented the startup’s unicorn status&comma; Remote’s Series C round brings the total raised to &dollar;495 million&comma; valuation to nearly &dollar;3 billion&comma; and validates Remote’s position as the go-to partner for companies transitioning to the new future of work&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The way people work has permanently changed and the shift to remote and hybrid work has enabled companies to hire from anywhere in the world&comma; but this can be an intensive&comma; costly and risky process&comma;” said Brett Rochkind&comma; Managing Partner at SoftBank Investment Advisers&period; &OpenCurlyDoubleQuote;Remote has built a full-stack&comma; global platform that creates a fast&comma; seamless experience to hire and onboard new employees regardless of where they are&period; We are excited to partner with Job&comma; Marcelo and the team to support their mission to open up the vast potential of the world for every person&comma; business and country&period;”<&sol;p>&NewLine;<p>Founded in 2019&comma; Remote empowers companies including GitLab&comma; DoorDash&comma; Loom&comma; Paystack and more to build their teams with the best talent around the world&period; The Remote platform provides the necessary tools and expertise for clients to hire globally&comma; pay teams in their preferred currencies&comma; and remain compliant with ever-changing regulations&period; By fully owning and operating legal entities in each country&comma; including staff on the ground in every market&comma; Remote makes it possible for customers to offer competitive&comma; culturally aware employment packages including payroll&comma; benefits&comma; taxes&comma; stock options and regulatory compliance to stand out in the global talent marketplace&period;<&sol;p>&NewLine;