Remotepass locks in USD 5.5 mn series A round

HR tech startup Remotepassraised USD 5.5 mn in a series A funding round led by Istanbul-based tech-focused VC 212, according to a press release. The funding was raised with participation from Endeavor Catalyst, Khwarizmi Ventures, Oraseya Capital, Flyer One Ventures, Access Bridge Ventures, A15, and the Swiss Founders Fund, TechCrunch reports.

The firm will use the funding to expand in Saudi Arabia,where the firm has seen the most growth, with the intent to double down with product localization, and to develop the platform according to TechCrunch.

About Remotepass: Founded in 2020 by Kamal Reggad and Karim Nadi, Remotepass serves as a platform to facilitate and streamline for businesses their employee hiring, management and payroll operations in over 150 countries where the businesses might not have a legal or physical presence. The platform’s client base includes Spotify and Logitech.