The round was led by SoftBank Vision Fund 2 with participation from existing investors including Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth. As more companies seek to employ talent around the world, the funding round comes on the heels of exponential growth resulting in a 900% employee increase and more than 13-fold growth in annual recurring revenue in the past year, making Remote the fastest-growing employer of record company.

Coming only eight months after its $150 million Series B, which cemented the startup's unicorn status, Remote's Series C round brings the total raised to $495 million, valuation to nearly $3 billion, and validates Remote's position as the go-to partner for companies transitioning to the new future of work.

Remote is a leader in building, managing and supporting global, remote first workforces. Using Remote's future-forward HR platform, businesses can hire and retain the world's best talent - regardless of where that talent is based. With expert team members located in more than 60 countries, Remote provides all the tools and support companies need to manage onboarding, payroll, benefits, relocation and other services for their teams. Remote was founded in 2019 by Job van der Voort and Marcelo Lebre.