Terminal raises $17M led by 8VC to source and build remote teams of engineers
As LinkedIn announces the next stage of its own ambitions in the world of recruitment by bringing in more big data insights, another one of the startups indirectly chipping away at its position among knowledge workers by providing a way of hiring and building entire teams in remote locations is announcing another round of funding.
Terminal, a San Francisco-based startup and platform that lets companies build out remote engineering teams in international locations, and then helps with the wider practicalities that include finding workspace and sorting out benefits, is today announcing that it has raised $17 million in funding. Terminal’s hubs are currently in Guadalajara, Mexico and Vancouver, Montreal, Toronto and Kitchener-Waterloo in Canada, and the company is going to use some of the funding to expand to 10 other cities globally over the next two years.
The round is being led by 8VC — the venture firm founded by Joe Lonsdale, who also happens to be a co-founder of Terminal (seems like co-founding while also funding is a pattern for Lonsdale, a prolific investor who also is famous for being a co-founder of Palantir Technologies).
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