Remofirst, a San Francisco-based employer-of-record provider, announced a $25 million series A funding round. The funds will go toward new products and services as well as to bring in key executives.

“In these tough economic times and slow VC deployment for bigger rounds, this additional funding is a huge milestone for Remofirst because it validates our vision for the future of global distributed teams and our superior solution that is affordable and easy to use,” CEO and co-founder Nurasyl Serik said in a press release.

Serik is an immigrant from Kazakhstan and co-founder Volodymyr Fedoriv is an immigrant from Ukraine. Both appeared on Forbes magazine’s 30 Under 30 list this year.

As an employer of record, Remofirst enables clients to pay, manage and onboard full-time employees and contractors in more than 180 countries. Remofirst clients include Zodoc, the World Health Organization and Mastercard. The company was founded in 2021 and focuses on affordability.

The round was led by Octopus Ventures, a London-based venture capital firm, with participation by existing investors QED, Mouro Capital and Counterpart Ventures.

Nicholas Sando from Octopus Ventures will be joining Remofirst’s board.

“As more companies move operations globally, this funding will help Remofirst significantly expand their presence in international markets — such as the UK — offering their remote hiring solution to address a huge market need,” Sando said in a press release.

Remofirst had previously announced a $14.1 million seed funding round in 2022.