Remote is the 6th Portuguese unicorn

Remote, one of the companies that is part of CMU Portugal's Industrial Affiliates, is the latest Portuguese unicorn, having raised 150 million dollars in a Series B investment round.

With a valuation of more than one billion dollars, it joins Farfetch, Feedzai, Outsystems, Mambu and Talkdesk, all with Portuguese DNA, to be considered unicorns, and all integrated into CMU Portugal's list of industrial affiliates.

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 fastest Portuguese startup to reach unicorn status. After 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 people around the globe to set up 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 in 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 headlines on the national and international scene, including Feedzai, Unbabel, Veniam and Mambu. Together, these companies have managed to attract several tens of millions of euros in international funding and have created more than 1,000 highly qualified jobs.

About FCT's International Partnerships

The 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 the University of Texas at Austin (UTA). This collaboration gave rise to the CMU-Portugal, MIT-Portugal and UTA-Portugal programmes, which promote the internationalization of Portuguese scientific and higher education institutions, boosting innovative projects and the mobility of highly qualified human resources.

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