Get the latest tech news
Deel unloads $300M in secondary sale, brings General Catalyst on as an investor
Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO. On Tuesday, it said its annual revenue run rate climbed to $800 million in 2024
On Tuesday, it said its annual revenue run rate climbed to $800 million in 2024 after growing by 70%. The startup, which helps businesses globally hire, manage and pay employees remotely, also said it has sold $300 million in secondary shares to General Catalyst and an unnamed “sovereign investor” – giving early investors a payout. CNBC reported that the unnamed investor is Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi.
Or read this on TechCrunch
