London VC leads £2.1M funding in female-led startup that smoothens remote hiring process

As a result of the pandemic, people are returning to their home countries due to the many restrictions. This has opened the door to a new era of global employment in which employers recognise the need to offer remote-first jobs. However, thousands of organisations are currently breaching local employment laws without even realising it.

Dublin-based Boundless, a remote employment platform, helps companies compliantly employ talent globally while giving their employees access to benefits and opportunities in the country they work in. Now, this company has raised €2.5 million (nearly £2.1 million) in seed funding.

The investment round was co-led by London-headquartered Ada Ventures and FYRFLY to represent the significant shift to remote working, which is worth multi-trillion euros now.

Dee Coakley, Co-Founder and CEO of Boundless, commented: “From failing to register workers in the proper jurisdiction through to incorrectly hiring people as contractors to perform permanent roles, these worries are being felt across the entire leadership team – from the CFO and Head of Legal to the COO and Head of HR/People Ops. Employment laws, tax codes and statutory benefits all differ from country to country. Cultural norms around working also vary significantly. Overlooking or misunderstanding these norms only makes it more challenging to recruit and retain talent.”#

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