About Remote Year
Remote Year is a company based in Chicago (United States) founded in 2015 was acquired by Selina in October 2020.. Remote Year has raised $19.18 million across 3 funding rounds from investors including Selina, Lightbank and Highland Capital Partners. Remote Year operates in a competitive market with competitors including WorkCation, Barnfox and Hacker Paradise, among others.
- Headquarter Chicago, United States
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Sectors
Travel & Hospitality
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Phone
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Website
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Social
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Funding Insights of Remote Year
Remote Year has successfully raised a total of $19.18M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in September 2019. 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 — $7.0M
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First Round
First Round
(28 May 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series A - Remote Year | Valuation | Lightbank | |
| Oct, 2016 | Amount | Series A - Remote Year | Valuation | Highland Capital Partners | |
| May, 2015 | Amount | Seed - Remote Year | 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 Remote Year
Remote Year has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Selina, Lightbank and Highland Capital Partners. 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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Tech focused seed & early stage VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by Flybridge Capital Partners.
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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 Remote Year
| 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 - Remote Year
| 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 |
Remote Year Comparisons
Competitors of Remote Year
Remote Year 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 WorkCation, Barnfox and Hacker Paradise, 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 |
Online platform for booking vacation rental accommodations for working professionals
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| domain | founded_year | HQ Location |
Accommodations for remote workers are booked via an online marketplace.
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| domain | founded_year | HQ Location |
Travel programs for remote workers to connect, learn, and explore worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Remote Year
Frequently Asked Questions about Remote Year
When was Remote Year founded?
Remote Year was founded in 2015.
Where is Remote Year located?
Remote Year is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Remote Year a funded company?
Remote Year is a funded company, having raised a total of $19.18M across 3 funding rounds to date. The company's 1st funding round was a Seed of $175K, raised on May 28, 2015.
What does Remote Year do?
Remote Year was founded in 2015 in Chicago, United States, and operates in the travel and remote work sector. A one-year subscription program is provided, requiring a 3,000 down payment and 2,000 monthly fees, which cover accommodations and commutes across various locations. Participants are responsible for securing their own remote employment to participate.
Who are the top competitors of Remote Year?
Remote Year's top competitors include WorkCation, Barnfox and Hacker Paradise.
Who are Remote Year's investors?
Remote Year has 6 investors. Key investors include Selina, Lightbank, Highland Capital Partners, Flybridge Capital Partners, and Jesse Middleton.
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