HR unicorn Deel prepares for IPO as soon as 2026 after revenue jump
- Deel has achieved an annual revenue run rate of $800 million after a 70% year-over-year increase, as reported by CNBC.
- The company is preparing for an IPO as early as 2026, following a valuation increase to $12.6 billion after a secondary share sale.
- Deel faces a lawsuit alleging it processed payments without proper licensing, which it strongly denies, stating that the claims are "riddled with baseless allegations."
- CEO Alex Bouaziz expressed confidence in Deel's IPO preparations, emphasizing the importance of building a recognizable brand in HR and payroll software.
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TechCrunch
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
Deel, a payroll startup accused of money laundering, prepares for IPO amid legal battle - Tech Startups
Deel, a payroll and human resources startup founded by MIT alumni Alex Bouaziz and Shuo Wang, is preparing for a potential IPO as early as next year, according to CNBC. This follows a 70% revenue surge in December, pushing its […] The post Deel, a payroll startup accused of money laundering, prepares for IPO amid legal battle first appeared on Tech Startups.
Deel Announces New Anchor Investors and Financial Milestone - Business in the News
Worlds Largest Fully Remote Company Reaches $800 million Run-Rate Feb 4, SAN FRANCISCO – Leading payroll and HR company Deel today announced that new anchor investors, including General Catalyst and a sovereign investor, have purchased close to $300 million in Deel secondaries from early investors in the company. These investments signal not only Deel’s momentum, but also the long-term vision investors see in the company. The company also announ…
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