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National

Pak tech startup raised $1.4m from Silicon Valley investors

“Remotebase is a crucial piece of the puzzle for the Pakistani tech ecosystem to earn its well-deserved place in the world”

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.

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