About Remofirst
Remofirst is a company based in San Francisco (United States) founded in 2021 by Nurasyl Serik.. Remofirst has raised $39.38 million across 3 funding rounds from investors including Octopus Ventures, QED Investors and Mouro Capital. Remofirst offers products and services including Employer of Record, Global Payroll, International Contractors, RemoHealth, and Visas & Work Permits. Remofirst operates in a competitive market with competitors including Remote, Skuad, Connecteam, Chekhub and RemoteBridge, among others.
- Headquarter San Francisco, United States
- Founders Nurasyl Serik
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Remofirst, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.38 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Series A
Mar 06, 2024
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Investors
Octopus Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Remofirst
Remofirst offers a comprehensive portfolio of products and services, including Employer of Record, Global Payroll, International Contractors, RemoHealth, and Visas & Work Permits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables hiring global talent without local entities for compliance.
Manages payroll in multiple currencies across international locations.
Onboards and pays contractors in over 150 countries compliantly.
Provides health insurance for global employees worldwide.
Assists with obtaining visas in 85+ countries for employees.
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Funding Insights of Remofirst
Remofirst has successfully raised a total of $39.38M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $25.0M
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First Round
First Round
(01 Jan 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Remofirst | Valuation | Octopus Ventures | |
| Feb, 2022 | Amount | Seed - Remofirst | Valuation | Mouro Capital , QED Investors | |
| Jan, 2021 | Amount | Seed - Remofirst | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Remofirst
Remofirst has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Octopus Ventures, QED Investors and Mouro Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Remofirst
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Remofirst
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Remofirst Comparisons
Competitors of Remofirst
Remofirst operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Remote, Skuad, Connecteam, Chekhub and RemoteBridge, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR software is offered for distributed teams.
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| domain | founded_year | HQ Location |
Global HR platform automates remote payroll and compliance worldwide.
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| domain | founded_year | HQ Location |
White-label mobile apps for employee engagement are provided to organizations.
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| domain | founded_year | HQ Location |
Cloud-based business management software is provided by Chekhub.
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| domain | founded_year | HQ Location |
Virtual onboarding solutions are offered for metaverse enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Remofirst
Frequently Asked Questions about Remofirst
When was Remofirst founded?
Remofirst was founded in 2021.
Where is Remofirst located?
Remofirst is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Remofirst?
Nurasyl Serik is the current CEO of Remofirst. They have also founded this company.
Is Remofirst a funded company?
Remofirst is a funded company, having raised a total of $39.38M across 3 funding rounds to date. The company's 1st funding round was a Seed of $275K, raised on Jan 01, 2021.
What does Remofirst do?
Remofirst was founded in 2021 in San Francisco, United States, as a cloud-based HRMS platform designed for remote teams. Payroll administration, compliance management, health insurance, financial benefits, equipment provisioning, employee cost calculators, analytics, and dashboards are included in its services. Employer of record audits and work permit solutions are also provided through a subscription-based pricing model.
Who are the top competitors of Remofirst?
Remofirst's top competitors include Remote, Skuad and Connecteam.
What products or services does Remofirst offer?
Remofirst offers Employer of Record, Global Payroll, International Contractors, RemoHealth, and Visas & Work Permits.
Who are Remofirst's investors?
Remofirst has 4 investors. Key investors include Octopus Ventures, QED Investors, Mouro Capital, and Counterpart Ventures.
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