Remote Raises $300M in Series D

Remote has successfully raised $300M in a Series D at a $3B valuation led by Accel, Sequoia Capital, Index Ventures, Two Sigma Ventures, General Catalyst, SoftBank Vision Fund 2.

Company Overview

Remote is a HR Tech company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2019 with 1000+ employees.

Global payroll and compliance

Fundraising Details

Amount Raised: $300M
Round Type: Series D
Valuation: $3B
Date: 2024-12-15
Investors: Accel, Sequoia Capital, Index Ventures, Two Sigma Ventures, General Catalyst, SoftBank Vision Fund 2

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: 548 Market Street, San Francisco, CA 94104
Founded: 2019
Team Size: 1000+
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.

This fundraising news was reported on 2024-12-15. For more information about Remote, visit their headquarters at 548 Market Street, San Francisco, CA 94104.

Remote