Remote.com, a startup that helps hire remote workers around the world, Recently saw its valuation reach 1 billion U.S. dollars After a new round of US$150 million in investor financing.
The San Francisco-based company was founded in 2019 and calls itself “Your local HR team on all continents“Because they help companies of all sizes to remotely hire, pay employees and contractors, and work with them, no matter where they are.
So far, they have established local legal entities in 50 countries and have hired employees on behalf of their clients through these entities. They hope to have entities in 80 countries by the end of 2021 and in the rest of the world by 2022, CNBC report.
Remote CEO and co-founder Job Van der Voort said that the coronavirus pandemic has helped accelerate the company’s growth because more and more employees realize that they don’t need to go to the office to work.
“Now there is a public awareness, a realization that I don’t have to work in an office,” he told the media.
Remotely close a round A round of financing of 35 million US dollars Financing in November. This brings the total investment of this start-up company since its inception to nearly 200 million U.S. dollars.
Van der Voort said that between the two rounds of financing, Remote has grown 65 times in the past year, and its customer base has grown 10 times.
“We can tell almost any number… we will be able to raise that amount,” Van der Water said, adding that in addition to traditional venture capitalists, there are now new investors in the market.
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