Remote’s $3bn Valuation Suggests Distributed Work is Here to Stay

Remote, which offers payroll, compliance, and HR services for distributed companies, has announced yet another big round of funding. The startup has raised a further $300 million, which comes less than one year after it raised $150 million from its Series B round. 

This Series C values Remote at over $3 billion. 

SoftBank Vision Fund 2 is leading the round, and the funding will be using to continue building out the tools that it provides to its customers. It will also seek to expand its technology and services to more geographical locations.  

Remote, now a major player in the world of HR and distributed workforces, has benefited from the shift to home-based and remote work over the past two years. The company reported that its platform grew by 900% in the last year, with revenues up 13x in the same period. 

It’s widely believed that hybrid and remote work will continue to be a major part of the future of work, and if Remote’s funding performance is anything to go by, the world’s adoption of work-from-anywhere isn’t going away anytime soon. 

“The power dynamics have completely changed between employers and employees,” Remote CEO Job van der Voort said in an interview. “We only see this accelerating. If there were a slow down in that trend, maybe we couldn’t have raised this much.”