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Announced

Completed

SoftBank Vision Fund 2 led a $300m round in Remote.

Financials

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Transaction Value£228m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Data Centers and Hosting

United States

recruiting software

Friendly

Completed

Cross Border

Single Bidder

Minority

Private

Acquisition

Venture Capital

Private Equity

Synopsis

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SoftBank Vision Fund 2, a venture capital fund, led a $300m round in Remote, a remote-first workforces manager, with participation from Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth. “Remote’s mission from day one has been to help create a world where every person and business truly belongs in the global market. This significant show of support from investors along with the rapid growth of our business is proof that this need is not only palpable, but that the vision and solutions we offer are first-in-class innovation. With this additional funding, we will be able to build more products including contractor and global payroll platforms and expand on our premier service and benefits offering," Job van der Voort, Remote Co-Founder and CEO.

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