Firstbase
“Can a remote-work IT asset management platform evolve into the full back-office operating system for globally distributed companies, spanning compliance, finance, and HR?”
Founded2019
HQNew York, NY, USA
FoundersChris Herd
Total raised$65M
Latest roundSeries B, 2022
IndustryVertical SaaS / Remote Work & IT Asset Management
The story
Firstbase was originally conceived as a fintech company in 2018 but pivoted to remote work infrastructure in 2019 after the founders identified acute pain points in equipping distributed teams. COVID-19 accelerated adoption and the company raised $63M across Series A and B to build a global IT asset management platform. By 2024, it had been acquired by Harbor Compliance and repositioned as an operating subsidiary, moving away from its VC-backed growth trajectory toward integration into a compliance-focused parent.
Product timeline
2018
Originally founded with a fintech focus; pivoted away before launch.· pivot
2019
Launched remote-work equipment management platform in September 2019, helping companies deploy laptops and peripherals to remote employees.· pivot
2021
Raised $13M Series A led by Andreessen Horowitz to scale remote work SaaS.· banking
2022
Raised $50M Series B led by Kleiner Perkins; expanded to onboarding, compliance, and global IT asset management.· acquisition
2024
Acquired by Harbor Compliance; became an operating subsidiary.· acquisition
The stack
1 layer disclosed in Firstbase’s embedded-finance stack
Banking / BaaS
Arc
Accounting gap: significant