$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

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