Remote
Remote is an HR platform for hiring, managing, and paying global teams, offering Employer of Record and contractor management services.
Secondary Market Price
How Remote Measures Up
To help you manage your Remote equity, Prospect has run the company through our machine learning model.
Prospect Rating
This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Remote Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Remote's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Remote is an HR technology company that provides a platform for businesses to hire, manage, and pay international employees and contractors. Its services include Employer of Record (EOR), contractor management, global payroll, benefits administration, and compliance support. The platform is designed to handle the entire lifecycle of a distributed workforce, from onboarding and time-off approvals to intellectual property protection and visa services. Founded in 2019 by Job van der Voort and Marcelo Lebre, the company has grown to between 1,001 and 5,000 employees with a presence in over 50 locations worldwide. A key financial milestone was its $300 million Series C funding round in May 2022, led by SoftBank Vision Fund.
Looking forward, Remote is focused on platform integration and service expansion. A recent major development is a strategic partnership with Workday to build Workday GO Global Payroll, which aims to create a unified system for HR and payroll across more than 75 countries. The company also recently released a "Compliance Balancing Act Playbook" in collaboration with HR Dive and conducted a data-backed hiring sprint that attracted 700 applicants in two weeks without advertising expenditure. Remote continues to develop new products based on feedback from HR professionals, with the stated goal of simplifying the operational complexities of managing a global team.
- SoftBank Vision Fund 2
- Accel
- Sequoia Capital
- Index Ventures
- Two Sigma Ventures
- General Catalyst
- 9Yards Capital
- Adams Street Partners
- Base Partners
- Gaingels
- Co-Founder, Co-Founder Job van der Voort
- Co-Founder, Co-Founder Marcelo Lebre
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Remote worth joining?
Deciding to join a startup like Remote depends on your personal career goals and risk tolerance, as the value of its equity is not yet guaranteed. Tools like Prospect can help you model the potential future value of your equity compensation to make a more informed decision.
What should I do with my Remote stock?
Managing your Remote stock involves making strategic decisions about when to exercise options and when to sell shares to maximize your after-tax returns. Platforms like Prospect offer personalized strategies and tax optimization tools to help you navigate these complex choices.
Can you sell Remote stock?
As a private company, selling Remote stock is typically possible only during specific liquidity events, such as a tender offer or on a secondary market. Prospect provides tools to help you decide how much to sell during these opportunities and which shares are the most tax-optimal to offload.
How can I find the value of my Remote stock?
The official value of private stock is determined by a 409A valuation, but this doesn't reflect its potential future worth or secondary market price. To get a better forecast, Prospect uses predictive models trained on proprietary data to project the future value of your Remote shares.
What is Remote's equity worth?
The precise worth of Remote's equity is not public, and its value fluctuates based on company performance, funding rounds, and market conditions. You can use Prospect to model different scenarios and get a clearer picture of your potential net equity value after taxes.
What is Remote's stock ticker symbol?
As a privately held company, Remote does not have a stock ticker symbol because its shares are not traded on a public stock exchange. A ticker symbol will only be assigned if and when the company completes an Initial Public Offering (IPO).
Can I buy or sell Remote stock?
Buying shares in a private company like Remote is typically restricted to accredited investors or employees, while selling is usually limited to company-approved tender offers. While Prospect doesn't act as a broker, it provides the necessary analysis and tools to help you make informed decisions about selling your shares.
What is the criteria to buy or invest in Remote stock?
Investing in a private company like Remote is generally limited to employees receiving equity compensation or accredited investors participating in funding rounds. For employees evaluating their equity, Prospect offers diversification analysis and predictive models to help assess the potential risks and rewards.
