Remote Secures $300M Series C to Scale Global Workforce Platform

Remote, a San Francisco‑headquartered unicorn, offers employer‑of‑record, payroll, benefits, tax and compliance services that enable companies to hire and manage workers in countries where they lack a legal entity. Prior to the Series C, the company had closed a $150 million Series B in July 2021 at a valuation over $1 billion and reported 900% headcount growth to reach 900 employees in over 65 countries.

In 2022 Remote announced a $300 million Series C led by SoftBank’s Vision Fund, with participation from Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst and Gaingels. The financing was intended to scale the platform, enhance compliance tooling for international hiring, and support continued rapid growth in headcount and geographic coverage.

Closed $300M Series C, boosting valuation above $1B and funding expansion of payroll, benefits, taxes and compliance services for global hiring.

The 900% increase in headcount and expansion to 65 countries showed strong product‑market fit and scalable demand for global employment solutions.

Investor enthusiasm for HR‑tech and remote‑work infrastructure remained high, with multiple peers raising large rounds in the same period.

Additional capital was required to deepen compliance capabilities and support the growing complexity of cross‑border payroll and benefits.

Scaling infrastructure for global employment can attract large investment when remote‑work adoption creates persistent demand for compliant hiring solutions.

Following the Series C, Remote continued to expand its workforce, added new compliance and benefits features, increased its valuation well above $1 billion, and pursued further geographic expansion to serve multinational customers.