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Announced

Completed

Octopus Ventures led a $25m Series A round in Remofirst.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

Acquisition

Minority

hr solutions

Outsourced HR and Staffing

Cross Border

Private

Private Equity

Venture Capital

Friendly

Completed

Synopsis

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Octopus Ventures, a venture capital firm, led a $25m Series A round in Remofirst, an HR platform, with participation from QED, Mouro Capital and Counterpart Ventures. “We’re on a mission to radically improve hiring of remote employees around the world, and enabling the ‘freedom to work’ anywhere. In these tough economic times and slow VC deployment for bigger rounds, this additional funding is a huge milestone for Remofirst because it validates our vision for the future of global distributed teams and our superior solution that is affordable and easy to use,” Nurasyl Serik, Remofirst CEO and Co-Founder.

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