Remote, a start-up that helps firms to employ people in different countries, has been valued by investors at $1 billion in a new $150 million funding round announced Tuesday.
The company's HR platform — which competes with Denver-based Velocity Global and San Francisco's Deel — allows businesses to onboard, pay and work with remote employees and contractors wherever they're based. "There's now a mass awareness, a realization, that I don't have to be in the office to do my work," he said.
Between the two funding rounds, Remote experienced rapid growth, van der Voort said. He declined to say how much revenue his firm is making, but the company says it has grown 65 times in the last year, while its customer base has grown 10 times. The firm's headcount has gone from 50 to 220 — perhaps unsurprisingly, the team is spread around the world, with people in 45 countries.