About Remote
Remote is a company based in Amsterdam (Netherlands) founded in 2019 by Job Van der Voort.. Remote has raised $506.05 million across 4 funding rounds from investors including Accel, SoftBank Vision Fund and Sequoia Capital. The company has 749 employees as of April 07, 2024. Remote has completed 1 acquisition, including Easop. Remote operates in a competitive market with competitors including Workday, Kronos, Darwinbox, Sage Group and People Strong, among others.
- Headquarter Amsterdam, Netherlands
- Employees 749 as on 07 Apr, 2024
- Founders Job Van der Voort
- Stage Unicorn
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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 Remote Infosystem Private Limited
- Date of Incorporation 03 Jun, 2020
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$33.43 M (USD)308.06as on Mar 31, 2023
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Net Profit
$-6.44 M (USD)-331.85as on Mar 31, 2023
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EBITDA
$-6.4 M (USD)-341.5as on Mar 31, 2023
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Total Equity Funding
$506.05 M (USD)
in 4 rounds
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Latest Funding Round
$310.05 M (USD), Series C
Apr 05, 2022
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Investors
Accel
& 19 more
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Employee Count
749
as on Apr 07, 2024
- Investments & Acquisitions
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Software Development Team
108 people
Sales and Marketing
61 people
Leadership Team
45 people
Senior Team
41 people
Payroll Team
29 people
Legal and Compliance
26 people
Operations Team
24 people
Finance and Accounting
19 people
Unlock access to complete
Funding Insights of Remote
Remote has successfully raised a total of $506.05M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $310.05 million completed in April 2022. 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 4
- Last Round Series C — $310.1M
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First Round
First Round
(22 Apr 2020)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series C - Remote | Valuation | SoftBank Vision Fund | |
| Jul, 2021 | Amount | Series B - Remote | Valuation | Accel | |
| Nov, 2020 | Amount | Series A - Remote | Valuation | Index Ventures , Sequoia Capital |
| 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
Remote has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, SoftBank Vision Fund and Sequoia 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage investments in tech sectors are managed by the firm.
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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
Remote has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Easop. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Investment management services are provided by Easop to financial clients.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Remote
| 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 Comparisons
Competitors of Remote
Remote 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 Workday, Kronos, Darwinbox, Sage Group and People Strong, 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 and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Human capital management platform is provided for HR process automation.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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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 Remote
Frequently Asked Questions about Remote
When was Remote founded?
Remote was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Remote located?
Remote is headquartered in Amsterdam, Netherlands.
Who is the current CEO of Remote?
Job Van der Voort is the current CEO of Remote. They have also founded this company.
Is Remote a funded company?
Remote is a funded company, having raised a total of $506.05M across 4 funding rounds to date. The company's 1st funding round was a Series A of $35M, raised on Apr 22, 2020.
How many employees does Remote have?
As of Apr 07, 2024, the latest employee count at Remote is 749.
What is the annual revenue of Remote?
Annual revenue of Remote is $33.43M as on Mar 31, 2023.
What does Remote do?
Remote was founded in 2019 and is headquartered in Amsterdam, Netherlands. The company operates in the HR software sector, providing a cloud-based platform tailored for distributed teams. Services include contractor management, employment processing, payroll handling, IP protection, and security compliance features. Access to the platform is structured through a subscription-based pricing model.
Who are the top competitors of Remote?
Remote's top competitors include Workday, SuccessFactors and Sage Group.
How many acquisitions has Remote made?
Remote has made 1 acquisition, including Easop.
Who are Remote's investors?
Remote has 20 investors. Key investors include Accel, SoftBank Vision Fund, Sequoia Capital, Two Sigma Ventures, and Index Ventures.
What is Remote's valuation?
The valuation of Remote is $3B as of Apr 2022.
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