Remofirst Secures $25 Million in Series A
Remofirst, a San Francisco, CA-based HR solution for employing talent worldwide, has secured $25 million in Series A funding.
The round was led by Octopus Ventures, with participation from existing investors QED, Mouro Capital, and Counterpart Ventures.
Octopus Ventures is a multi-stage venture capital investor specializing in B2B software, bio, climate, consumer, deep tech, fintech, and health. Based in London, United Kingdom, each year, the VC deploys more than £200M to help its portfolio companies scale at speed.
The company will use the funding to expand its presence in international markets, enhance its product offerings, and recruit key executives to support its mission of simplifying and democratizing global remote hiring.
Founded in 2021, Remofirst is an HR tech company that offers an all-in-one Employer of Record (EOR) and international contractor solution, enabling businesses to employ full-time employees and contractors compliantly in over 180 countries. Remofirst enables organizations to pay, manage, and onboard full-time employees and contractors, with its solution that manages a global workforce in one place. The company has served thousands of customers including Zocdoc, World Health Organization, and Mastercard.
Funding Details
Company: Remofirst, Inc.
Raised: $25.0M
Round: Series A
Funding Month: March 2024
Lead Investors: Octopus Ventures
Additional Investors: QED, Mouro Capital, and Counterpart Ventures
Company Website: https://www.remofirst.com/
Software Category: HR Solution