RemotePass Secures $5.5 Million Series A Funding Round

  • Fundraising News
  • 06.03.2024 01:45 pm

RemotePass has raised $5.5 million in our Series A funding round, led by 212 VC and joined by prominent investors worldwide. This fresh injection fuels their mission to revolutionize remote work for companies and talent globally.

Born as a pivot from a business travel platform during the COVID-19 pandemic, they've grown into a 55-member strong team serving over 360 businesses in 50+ countries.

RemotePass stands at the forefront of HR and FinTech solutions, offering a comprehensive platform that simplifies the complexities of managing remote teams. By facilitating the onboarding, payment, and retention of remote employees, RemotePass caters to companies of all sizes, enabling them to leverage global talent pools without the need for a legal entity in each country.

RemotePass’s cumulative funding has now exceeded $10m, thanks to previous rounds of investment from notable entities such as BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs. This underscores the company’s robust financial foundation and its commitment to enhancing the remote work ecosystem.

Ali Hikmet Karabey, managing director at 212 VC, lauded RemotePass’s achievements, stating, “Witnessing RemotePass’s remarkable product growth and stellar customer service since early 2023 has solidified our belief in their visionary team and business model.”

Kamal Reggad, CEO and co-founder of RemotePass, echoed the sentiment of growth and opportunity, “Our platform helps democratize access to global opportunities, leveling the playing field for skilled individuals and enabling them to compete in a global job marketplace. This funding fuels our mission to empower countless lives and help global teams succeed.”

Related News