$1.4m raised from Silicon Valley investors

Published March 15, 2021
An Islamabad-based technology startup has raised $1.4 million from Silicon Valley investors, reflecting the growing tech ecosystem of Pakistan. — Reuters/File
An Islamabad-based technology startup has raised $1.4 million from Silicon Valley investors, reflecting the growing tech ecosystem of Pakistan. — Reuters/File

ISLAMABAD: An Islamabad-based technology startup has raised $1.4 million from Silicon Valley investors, reflecting the growing tech ecosystem of Pakistan.

The round was led by Indus Valley Capital and 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 capitalised 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.

He said: “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 fulfil this demand and gain experience with the best startups around the world."

Published in Dawn, March 15th, 2021

Opinion

Editorial

The establishment pivot
18 Jan, 2022

The establishment pivot

It is a sad reality that the power matrix continues to revolve around the establishment.
18 Jan, 2022

Remittances growth

THE hefty growth in remittances from Pakistanis living abroad continues to defy forecasts to the contrary. New State...
18 Jan, 2022

China-Iran deal

THE China-Iran strategic deal that has recently taken effect is more than just a long-term bilateral agreement...
Security policy unveiled
Updated 17 Jan, 2022

Security policy unveiled

PAKISTAN’S freshly unveiled National Security Policy has broadened the traditional concept and included economic...
Bold decisions
Updated 17 Jan, 2022

Bold decisions

IT is a double blow within a matter of days. The Islamabad High Court’s order last week to demolish a navy golf...
17 Jan, 2022

Rohingya camp blaze

A HUGE blaze in a refugee camp housing members of the Rohingya community in Bangladesh last week has left up to ...