Terminal Gains $10 Million

Terminal, a startup that provides solutions to high-growth technology companies looking to build and scale remote technical teams, closed a Series A funding round of $10 million. The round included venture capitalist firms Lightspeed Venture Partners, Thiel Capital, Kleiner Perkins, Atomic, and Craft Ventures (David Sacks’ new venture firm), as well as angel investor Yahoo! founder Jerry Yang.

Terminal strives to identify markets for technical talent around the globe and establish operational support services to facilitate the growth of technology companies. Each Terminal office recruits talent, develops and manages work spaces, and provides comprehensive operational and legal support such as human resources, benefits, payroll, and stock option administration.

The company plans to leverage the funding to scale operations across their five offices throughout Canada and the United States and to expand their footprint into Latin America.