An Islamabad-based technology startup has raised $1.4 million from Silicon Valley investors, which truly reflects the growing tech ecosystem of Pakistan.
There was a round led by Indus Valley Capital that also saw participation from several renowned global investors such as billionaire investor Tim Draper, Hustle Fund Ventures, and other well-known angel investors from Silicon Valley.
RemoteBase capitalized on the pandemic and enabled Pakistani software engineers and developers to work directly with Silicon Valley companies, creating a business model which attracted one of the largest investment seed rounds for any Pakistani company.
A former senior executive at business networking app, Linkedin, Aatif Awan expressed excitement about investing in Remotebase.
“Remotebase is a crucial piece of the puzzle for the Pakistani tech ecosystem to earn its well-deserved place in the world. As tech companies go remote, Remotebase can help Pakistani talent fulfill this demand and gain experience with the best startups around the world.”He said.