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REMOTE
Remote
HR tech / global payroll and employer-of-record platform · San Francisco, California · United States · Founded · 2019 · ≈ · 500 · employees

Remote Funding — Last Valued at $3B

Private

Remote has raised $496M across 2 funding rounds, plus 2 undated rounds. The latest round valued Remote at $3B post-money, with SoftBank on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Remote funding · at a glance
Total raised, all rounds
$496M
sum of disclosed sizes
Funding rounds
2
plus 2 undated rounds
Latest round
$3B
post-money · Apr 2022
Lead on that event
SoftBank
lead investor
2022
About Remote

Remote is backed by SoftBank, which has valued the company at nearly $3 billion. The startup has built out its employer-of-record infrastructure on that capital even as it made cuts, trimming about 10% of its staff.

Funding timeline

The Remote funding timeline

2 funding rounds, the latest highlighted.

2019
Remote founded

Remote was founded in 2019, United States.

UNDATED
Seed, Series A

No date is disclosed for this round.

JUL 2021
Unicorn round at $1B post-money

A primary round — the company sells new shares to investors it selects. $150M raised, led by Accel.

Valuation basispost-moneyAmount$150MPrice / shareLeadAccel
APR 2022LATEST
SoftBank-backed round at $3B post-money

A primary round — the company sells new shares to investors it selects. $300M raised, led by SoftBank.

Valuation basispost-moneyAmount$300MPrice / shareLeadSoftBank
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Remote funding rounds in full

2 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
SoftBank-backed round LATEST
Apr 2022
$300M
$3Bpost-money
—
SoftBank
—
Unicorn round
Jul 2021
$150M
$1Bpost-money
—
Accel
—
Seed
—
$11M
—
—
Two Sigma Ventures
Index Ventures, General Catalyst, Liquid2, INKEF Ventures
Series A
—
$35M
—
—
Index Ventures
Sequoia Capital, angel investors
Remote · investors

Investors

Index VenturesLEADTTwo Sigma VenturesLEADSSoftBankLEADAccelLEAD

Frequently asked questions

What is Remote's valuation?›

The last valuation is $3B.

Who has invested in Remote?›

Lead investors for each round are in the funding timeline.

Who are Remote's competitors?›

The closest hr tech / global payroll and employer-of-record platform peers are on the competitors page.

How can I get exposure to Remote?›

The routes section explains what is realistically available for a company at this stage.

Is Remote publicly traded?›

No. Remote is a private company; its shares do not trade on a public exchange.

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