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Skuad manages hiring and compliance for building distributed teams

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Singapore-based Skuad helps companies hire employees in different countries while staying compliant with local employment regulations and processing cross-border payroll. The startup announced today it has raised $15 million in Series A funding. Skuad has signed up more than 350 employers so far, mostly from North America, Europe and Southeast Asia.
This funding round, which brings Skuad’s total raised to $19 million, included participation from returning investors Beenext and Anthemis. It was led by a Southeast Asian venture capital fund, along with a U.S. strategic investor specializing in staffing, and two leading global payments platforms.
Skuad was conceptualized just before the pandemic in 2019 by founder Sundeep Sahi with the aim of simplifying international hiring. …

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