Remofirst Raises $25 Million Series A Funding [Video]

Source: https://www.intelligence360.io/ and https://intelligence360.news/

Remofirst, the most affordable HR solution for employing talent worldwide, today announced that it has raised $25 million in a Series A funding, in a round led by Octopus Ventures, with participation by existing investors QED, Mouro Capital and Counterpart Ventures. Remofirst helps businesses easily and compliantly employ an international workforce in more than 180 countries, with its all-in-one Employer of Record (EOR) and International Contractor solutions. Octopus Ventures is one of the largest and most active venture capital investors in the U.K. and Europe. Founded in 2021, Remofirst now has thousands of customers (Zocdoc, World Health Organization, Mastercard and more), and has grown its revenues by 10X since its seed round funding in early 2022. Remofirst intends to use the new funds to offer new products and services, and add key new executives.

In a statement Remofirst CEO and Cofounder Nurasyl Serik said, “We’re on a mission to radically improve hiring of remote employees around the world, and enabling the ‘freedom to work’ anywhere,” “In these tough economic times and slow VC deployment for bigger rounds, this additional funding is a huge milestone for Remofirst because it validates our vision for the future of global distributed teams and our superior solution that is affordable and easy to use.” Remofirst’s COO and Cofounder, Volodymyr Fedoriv added, “Our competitors talk about equal opportunity for hiring talent globally but they charge high fees that create a barrier to entry for most companies. We are truly democratizing access to a global workforce with our pricing, with an approach that customers have been waiting for.