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New Deal


Announced

Completed

Accel led a $150m Series B funding round in Remote.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For15%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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recruiting software

Data Centers and Hosting

United States

Private

Acquisition

Cross Border

Minority

Private Equity

Venture Capital

Completed

Friendly

Synopsis

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Accel, an early and growth-stage venture capital firm, led a $150m Series B funding round in Remote, a developer of a recruiting platform. Other investors include Sequoia, Index Ventures, Two Sigma, General Catalyst and Day One Ventures. "Our goal is to remove the barriers to hiring internationally, empower our customers to scale, and provide access to job opportunities all over the world. Our seasoned team has spent the past year expanding our global infrastructure, to deliver elegant solutions to complex international legal challenges, and with this funding, we will be adding new products, services and partnerships," Job van der Voort, Remote CEO.

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