Remote is the sixth Portuguese unicorn

Remote, one of the companies that is part of CMU Portugal Industrial Affiliates, is the latest Portuguese unicorn to have raised $150 million in a Series B investment round.

With a valuation of over $1 billion, it joins Farfetch, Feedzai, Outsystems, Mambu, and Talkdesk, all with Portuguese DNA, in being considered unicorns, and all included in the list of industrial affiliates of CMU Portugal.

Remote is a human resources (HR) platform designed to help companies build and manage remote teams around the world. Founded in 2019 by Marcelo Lebre and Job van der Voort, it is the Portuguese startup that has most quickly achieved unicorn status. Following this operation, the platform will hire between 400 and 700 people by the end of 2022.

Remote's main mission is to simplify global HR management by enabling any company to establish itself in a new market, avoiding the associated administrative red tape. As a global platform, they enable HR departments around the world to establish their own local legal entities in countries around the world to ensure compliance with local and international regulations.

The CMU Portugal Program was created in 2006 as a collaboration between the Foundation for Science and Technology (FCT) and Carnegie Mellon University (CMU). This partnership has already led to the creation of 12 successful startups that continue to make their mark on the national and international scene, including Feedzai, Unbabel, Veniam, and Mambu. Together, these companies have attracted tens of millions of euros in international funding and created more than 1,000 highly skilled jobs.

About FCT's International Partnerships

International Partnerships were launched in 2006 and are a strategic collaboration between Portuguese universities and R&D institutions with three US universities: Carnegie Mellon University (CMU), Massachusetts Institute of Technology (MIT), and University of Texas at Austin (UTA). This collaboration gave rise to the CMU-Portugal, MIT-Portugal, and UTA-Portugal Programs, which promote the internationalization of national scientific and higher education institutions, fostering innovative projects and the mobility of highly qualified human resources.

The FCT has been primarily responsible for the public funding of these partnerships, as well as for monitoring them, promoting new thematic knowledge networks. For the period 2018-2023, the International Partnerships have become part of the goPORTUGAL initiative, which reinforces and expands the concept of international partnerships.