Scottish startup Firstbase has secured $13 million (£9.3 million) in a Series A funding round. The round was led by Andreessen Horowitz and involved participation from Alpaca VC and B Capital Group. As part of capital raise, Andreessen Horowitz will be joining the board of Firstbase. The freshly raised capital will be used to fuel Firstbase’s growth plans via product development, hiring and increased customer deployment. It will also increase integration with Human Resources and collaboration software. Moreover, it aims to enhance its customer experience at the earliest in order to convert its over 10,000 waitlisted companies.
More on Firstbase raising capital
General Partner at Andreessen Horowitz, David Ulevitch said that with a great shift in attitudes toward remote work, companies and employees are more now than ever reliant on their equipment to stay connected as well as productive. Firstbase is the critical infrastructure that’ll power the distributed workforce. Through Firstbase, employees get the setup they require to stay effective while working from home and employers to have a centralized view and management system for all equipment”, he said. Firstbase is genuinely leading the charge into the future of work, he added.
Till date, the Scottish startup Firstbase has helped over 1,500 people work remotely and is adding more than 350 each month. The software of Firstbase is currently used by clients with remote workers across the U.S. and Europe. It’s client list includes Hey Summit, TaxJar, Recording Academy, Clubhouse, Robin Healthcare, SureSwift Capital, Filtered, Edify, DMT, Elemendar, Zego, Verse and Italic.
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About Firstbase
Headquartered in New York and Scotland, Firstbase’s mission is to improve the quality of life by enabling remote work. Founded in 2019 by co-founders Chris Herd and Trey Bastian, the startup’s platform helps organizations set up, manage, retrieve and maintain all physical equipment remote employees need to work from home effectively and comfortably. From monitors to laptops to headsets to mics, and adjustable desks to ergonomic chairs, Firstbase handles deployment of all such assets, IT installation and upgrades. It also takes care of ongoing repairs, culture, perks, and asset collection when an employee leaves.
Co-founder, and CEO of Firstbase, Chris Herd said that most of the organizations underestimate the costs and complexity involved in going remote. Typically, Human Resources, Information Technology, and admin/facilities teams are involved in getting employees set up with hardware, access, and security. With so many employees going remote, mistakes are bound to happen, costs are incurred and at the end, time is wasted. Herd says that their solution removes the friction and hassle from the remote working setup and promises a better experience for everyone – logistically, emotionally and financially. He adds that the same is true on the other end as well, when an employee leaves, Firstbase takes the headache out of collecting, tracking, and redeploying the work equipment.
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