Remofirst raised $25m Series A funding to make Employer of Record accessible

March 6, 2024

I'm excited to share some fantastic news from Remofirst! As announced today in Forbes and TechCrunch, we have successfully secured $25 million in Series A funding, led by Octopus Ventures, with continued support from our existing investors QED, Mouro Capital, and Counterpart Ventures.

I founded Remofirst in 2021 with my co-founder, Volodymyr Fedoriv, and our goal was always clear: simplify international payroll. Today, we stand stronger in our mission, having expanded our services to more than 180 countries, and significantly grown our customer base. Our journey from an idea to a global team working in 20+ countries is a testament to how Freedom of Work can be the key to growth.

The market for new VC investment is one of the toughest in a decade, and we’re proud that Remofirst stood out from the crowd because of our commitment to compliance and our attention to capital efficient operations. We take the responsibility of employing international talent for our clients very seriously, and a part of that responsibility means operating with the future in mind and with a commitment to responsible growth.

We're planning to use this capital to scale up our team with key hires to ensure we continue to provide the high-quality service our clients have come to expect from us. It will also help us add to our existing services, making it even easier to manage a global workforce.

Our approach has always been to democratize global hiring — making it affordable and accessible for companies of all sizes. We are focused on removing barriers, ensuring compliance, and offering transparent pricing. It's about providing peace of mind to our clients, knowing they can expand their teams globally without unnecessary complexity or cost.

This Series A milestone is a collective achievement, made possible by the support and trust from our clients, partners, and the Remofirst team. We're not just building a business; we're fostering a community where work knows no borders.

Together, we're setting the stage for a future where everyone has the freedom to work from anywhere in the world.

Nurasyl Serik

Co-founder and CEO