HR platform Remote raises $300 mn led by SoftBank

Human resources technology platform Remote has raised $300 million in a funding round led by SoftBank Vision Fund 2.
Dollar spending on technologyOther investors in the series C round include venture capital firms Accel, Sequoia Capital, Index Ventures, Two Sigma Ventures and General Catalyst.

Remote’s main customers include software firm GitLab, food-delivery company DoorDash and payments firm Paystack, among others.

The startup provides tools and services to help enterprises hire talent from across the world, manage their payroll and assist with regulatory compliance.

Remote intends to use the funds to invest in research and development of products, expand its payroll platforms and add new features to its premier service and benefits offering.

In October, remote-hiring company Deel raised $425 million.

Remote’s latest fund raising comes less than a year after its $150 million series B round, bringing the total capital raised to $495 million since its inception.

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