# Remote Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/remote-technology

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.remote.com/
- Total disclosed funding: $506M
- Latest round: Series C (May 3, 2022)
- Investors on record: 15

## About

Based in California, US, and founded in 2019, Remote Technology, Inc. is a developer of recruiting platforms intended to help companies of all sizes to hire talent. The company was co-founded by Job van der Voort (CEO) and Marcelo Lebre. In May 2022, Remote Technology, Inc. raised USD 310 million in series C funding led by SB Investment Advisers, including Yards Capital, Adams Street Partners, Flucas Ventures, Base Partners, Accel, General Catalyst Partners, Gaingels Syndicate, Index Ventures, Sequoia Capital, and Two Sigma Ventures. The series C funding values Remote Technology, Inc at USD 2.5 billion post-money.

The company's platform helps human resource executives to hire people from anywhere with no compliance risk, as well as helps management to allocate them to projects and make the payment. It features mobile payroll management, document storage, advice from employment experts, and setting up a job board for remote work. The platform features contractor management, global employment, and payroll, consulting services, global infrastructure, IP protection, security, and compliance.

The company generates revenue by offering global HR solutions through subscription-based pricing. Its revenue streams include Employer of Record (EOR) services, contractor management, international payroll, Professional Employer Organization (PEO) for U.S. hires, and equity management.

## Funding rounds

- Series C, May 3, 2022, $310M — Accel, Adams Street Partners, Index Ventures, Hong Shan, General Catalyst Partners, Two Sigma Investments, SB Investment Advisers, Base Partners, 9Yards Capital, Flucas Ventures
- Series B, Jul 13, 2021, $150M — Accel, Index Ventures, Hong Shan, General Catalyst Partners, Two Sigma Investments, Day One Ventures
- Series A, Nov 10, 2020, $35M — Index Ventures, Hong Shan, General Catalyst Partners, Two Sigma Investments, Gaingels
- Seed, Apr 22, 2020, $11M — Index Ventures, General Catalyst Partners, Two Sigma Investments, Inkef, Liquid 2 Ventures, Prototype Capital

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series A, Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A, Series B, Series C
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed, Series A, Series B, Series C
- Inkef (https://capitalatlas.ai/funds/inkef) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Prototype Capital — Seed
- Hong Shan — Series A, Series B, Series C
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C
- Day One Ventures (https://capitalatlas.ai/funds/day-one-ventures) — Series B
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C
- Base Partners (https://capitalatlas.ai/funds/base-partners) — Series C
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series C
- Flucas Ventures (https://capitalatlas.ai/funds/flucas-ventures) — Series C