Globalization Partners, a Boston, MA-based employment platform that simplifies remote team building, raised $200m in funding.

The investment, which valued Globalization Partners at $4.2bn, was led by Vista Credit Partners, a subsidiary of Vista Equity Partners.

The company will use the funds to expand its share of the $176bn global remote employment market.

With approximately $1 billion in Annual Recurring Revenue, the company has served an active customer base including CoinDesk, TaylorMade and Chime and a partnership network that includes ADP TotalSource®, Kruze Consulting, Global Chamber®, London & Partners and others.

Read more: FINSMES