Remote Raises $150M in Series C
Remote has successfully raised $150M in a Series C at a $3B valuation led by SoftBank Vision Fund.
Company Overview
Remote is a HR Tech company headquartered in San Francisco, CA, founded in 2019 with 800+ employees.
Global payroll and compliance
Fundraising Details
- Amount Raised: $150M
- Round Type: Series C
- Valuation: $3B
- Date: 2024-05-01
- Investors: SoftBank Vision Fund
About Remote
Global payroll and compliance The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2019
- Team Size: 800+
- Industry: HR Tech
What This Means
This funding round demonstrates strong investor confidence in Remote's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Remote's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Remote, positioning the company among notable players in the HR Tech industry.
Looking Ahead
With this new capital, Remote is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-05-01. For more information about Remote, visit their headquarters at San Francisco, CA.
