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RemotePass raised $5.5M in a Series A funding led by 212 VC and participated by investors from the US, Europe, and the Middle East.

Mar 05, 2024•almost 2 years ago

Amount Raised

$5.5 Million

Round Type

series a

BostonSaasSoftware

Investors

Flat6 LabsPlug & PlayWamda CapitalBeco CapitalSwiss Founders FundA15Access Bridge VenturesFlyer One VenturesOraseya CapitalKhwarizmi VenturesEndeavor Catalyst

Description

RemotePass, an HR and fintech platform, has secured $5.5 million in Series A funding led by 212 VC with participation from investors in the US, Europe, and the Middle East, including Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund. With this funding, RemotePass's total capital raised has surpassed $10 million, adding to previous investments from BECO Capital, Wamda Capital, Plug & Play, and Flat6Labs.

Company Information

Company

RemotePass

Location

Boston, Massachusetts, United States

About

RemotePass is an HR and fintech platform that helps companies onboard, manage, pay, and retain remote workers worldwide. Founded by Kamal Reggad and Karim Nadi, RemotePass serves a range of clients, from startups to large enterprises like Spotify, Logitech, and Paymentology, helping them to hire full-time employees and contractors in over 150 countries.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers