Remote becomes Portugal´s fifth unicorn

  • Remote_Bizin
    July 19, 2021

    Remote raises an investment of 150 million dollars (around 127 million euros) to become the fifth unicorn in Portugal.

    The start-up provides a platform that helps companies hiring and paying employees from all around the world. Remote was launched in the beginning of 2020 and is now present in 50 countries, expecting to be in 80 until the end of the present year.

    The company has said, in a statement, that this round was led by venture capital firm Accel, which has already invested in technologies such as Cloudera, Dropbox, Slack, Spotify or social networking giant Facebook. The round also included the participation of investors such as Sequoia, Index Ventures, Two Sigma, General Catalyst and Day One Ventures, the company specifies.

    The company grew brutally and spontaneously due to the pandemic, and, as the name implies, it is a company that operates remotely.

    The platform created by Remote enables employers to manage global hiring, making it possible to recruit anywhere, even if the employer is not present in the country. In a single location, it is possible to see steps in the area of integration of the new employee, manage salaries, and other very useful things.

    Remote was founded by the Job van der Voort (Dutchman), who serves as CEO, and Marcelo Lebre (Portuguese).


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