Remote Work Unicorn Raises Additional $300 Million

Remote, a San Francisco-based remote HR management platform company, has taken advantage of the work-from-home revolution that has accompanied the COVID-19 pandemic, becoming a significant player in the field. Less than a year after a successful Series B round of funding, Remote has raised $300 million in a new Series C round, the company has announced. Remote’s latest round was led by Soft Bank and joined by existing investors Accel, Sequoia, Index Ventures, and others. The company’s valuation now sits at $3 billion. The previous fundraising round brought in $150 million and valued the company at $1 billion.

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With its own operations existing completely remotely, Remote says that its workforce has grown to more than 900 people in over 65 countries – a 900% increase over the past year. Co-founder and Chief Executive Officer Job van der Voort hopes his company’s success inspires other organizations to explore the international talent pool and expand their remote opportunities. Remote serves customers from small startups to large enterprises, with clients including GitLab, DoorDash, Hello Fresh, Loom, and Paystack.