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Remofirst raises $25M to take on Deel and Rippling in the global HR tech space
Remofirst says that its annual recurring revenue (ARR) has grown 10x since it raised its $14.1 million seed round in September 2022.
That includes managing payroll, taxes, employment, compliance and providing work equipment as well as helping businesses come up with competitive compensation plans and offering health, dental and vision insurance. Octopus Ventures principal Nick Sando told TechCrunch via email that his firm believes that “Remofirst offers an exceptional level of service, at a significantly more affordable price. On March 4, Deel announced that it is acquiring PaySpace, an African-based payroll and HR software and services company, in a deal that marks its largest acquisition to date.
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