Workforce management company Remote raises $300 Mn funding

Distributed workforce management platform Remote has raised Series C funding of $300 million in a round led by SoftBank Vision Fund 2. The other participants of the round were Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth also participating. 

Commenting on the fresh round of investment, Remote CEO Job van der Voort said, “The power dynamics have completely changed between employers and employees. We only see this accelerating. If there were a slow down in that trend, maybe we couldn’t have raised this much.”

According to a report carried out by TechCrunch, With the newly raised funding, the company aims at focusing on the continuous development of the tools and expanding its technology and services to more geographies. This followed a Series B funding round of $150 million in less than a year. 

Brett Rochkind, Managing Partner at SoftBank Investment Advisers also added, “Remote has built a full-stack, global platform that creates a fast, seamless experience to hire and onboard new employees regardless of where they are. We are excited to partner with Job, Marcelo and the team to support their mission to open up the vast potential of the world for every person, business and country.”