RemoteTeam (acquired by Gusto) is a technology company.
RemoteTeam (acquired by Gusto) has raised $2.2M across 3 funding rounds.
RemoteTeam (acquired by Gusto) has raised $2.2M in total across 3 funding rounds.
RemoteTeam was a San Francisco-based HR technology startup acquired by Gusto in October 2021, specializing in tools to help companies hire, manage, and pay remote workers across U.S. states and internationally.[1][2][4] It served small and medium-sized businesses (SMBs) navigating remote and hybrid teams, solving compliance challenges like interstate tax registration, international contractor payments in over 80 countries, mobile time tracking, geolocation, and streamlined onboarding.[1][2] The acquisition integrated these features into Gusto's payroll and HR platform, accelerating growth amid post-COVID remote work trends where half of surveyed business owners managed remote or hybrid teams, enhancing Gusto's offerings for global hiring without independent scaling limitations.[1][2]
RemoteTeam emerged during the COVID-19 pandemic's acceleration of remote work, addressing labor shortages and the need for overseas talent amid geographic flexibility.[1][2][4] Founded by CEO Sahin Boydas, the early-stage startup developed HR tech for distributed teams, including payroll management, time-tracking, and benefits tailored for remote workers in locations like Turkey and an Austin office.[1][2] Pivotal traction came from its utility in simplifying compliance headaches for founders, leading to the 2021 acquisition by Gusto, which provided scale beyond what additional private funding could offer independently; Boydas noted Gusto's resources enabled broader global reach.[2] This deal, part cash and equity, fit Gusto's pattern of bolt-on acquisitions like Ardius and Symmetry to bolster SMB payroll and tax tools.[1][2][3][4]
RemoteTeam stood out in the remote HR space through targeted features easing global operations:
RemoteTeam rode the remote work explosion fueled by COVID-19, where businesses increasingly sought interstate and international hires amid labor shortages, influencing a shift from office-centric to distributed models.[1][4] Timing was ideal as Gusto's survey showed 50% of SMB owners managing remote/hybrid teams, amplifying demand for compliant global payroll amid Gusto-Rippling rivalries.[1][2] Market forces like talent competition and regulatory complexity favored such tools, with the acquisition enhancing Gusto's ecosystem position against competitors like Velocity Global, especially via later partnerships like Remote.com for 75+ countries.[4] It influenced SMB tech by normalizing borderless hiring, integrating with tools like Asana and Expensify for seamless workflows.[4]
Post-acquisition, RemoteTeam's tech has evolved within Gusto, powering expansions like 2023's Remote.com partnership for cross-border payroll in regions such as Canada and beyond 75 countries, positioning it ahead in a persistent remote-first world.[4] Trends like hybrid permanence, AI-driven compliance, and global talent wars will shape its trajectory, potentially deepening integrations for R&D tax credits and morale tools from Gusto's broader acquisitions.[3][4] Influence may grow as Gusto leverages its $10B valuation and $746M funding to dominate SMB HR, evolving RemoteTeam's legacy from niche startup to core enabler of empowered, location-agnostic teams—tying back to solving the remote compliance binary for accelerated hiring.[1][2][3]
RemoteTeam (acquired by Gusto) has raised $2.2M in total across 3 funding rounds.
RemoteTeam (acquired by Gusto)'s investors include Bennu, Bullpen Capital, CapitalX, Charge Ventures, Commerce Ventures, Craft Ventures, Cyphr VC, Javelin Venture Partners, Max Ventures, Monroe Capital, Mucker Capital, Trace Cohen.
RemoteTeam (acquired by Gusto) has raised $2.2M across 3 funding rounds. Most recently, it raised $750K Seed in April 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2021 | $750K Seed | Bennu, Bullpen Capital, CapitalX, Charge Ventures, Commerce Ventures, Craft Ventures, Cyphr VC, Javelin Venture Partners, Max Ventures, Monroe Capital, Mucker Capital, Trace Cohen, Robin Li, Surface Ventures, Vayner RSE, Adam Schwartz, Andrew Gluck, Baron Davis, Haroon Mokhtarzada, Jason Gardner, Jason Robins, Konstantin von Unger, Larry Braitman, Lawrence Braitman, Matt Turk, Omar Soliman, Peter Kight, Phil Libin, Sébastien Deguy, Tamim Mourad, Will Kassoy, Yahya Mokhtarzada | |
| Jun 1, 2020 | $1.0M Seed | Daffy, DNX Ventures, FJ Labs, Flucas Ventures, Geek Ventures, Gutter Capital, Jude Gomila Rolling Fund, Operator Ventures, Quiet Capital, Seven Seven Six, Shrug Capital, T-Bird Capital, The Hit Forge, Trajectory Ventures, Weekend Fund, Abe Burns, Adam D'Angelo, Gokul Rajaram, James Beshara, Kintan Brahmbhatt, Manik Gupta, Neil Parikh | |
| Dec 1, 2019 | $450K Seed | Bora&Sons, Bullpen Capital, Dreamers VC, Javelin Venture Partners, LAUNCH, UpHonest Capital, Adam Schwartz, Andrew Gluck, Kenji Niwa, Konstantin von Unger, Larry Braitman, Lawrence Braitman, Phil Libin, Yusuke Asakura |