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 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 […] © 2024 TechCrunch. All rights reserved. For personal use only.
Deel, a global HR and fintech startup, is actively preparing for an initial public offering (IPO) in the near future.
To facilitate this, they recently conducted a $300 million secondary sale of shares, attracting investors like General Catalyst and Abu Dhabi's sovereign wealth fund, Mubadala Investment Company. This transaction bumps up Deel's valuation to $12.6 billion. While initially targeting an IPO in 2025/2026, the company is now aiming for as early as next year.
Deel, a global HR and fintech startup, is actively preparing for an initial public offering (IPO) in the near future. To facilitate this, they recently conducted a $300 million secondary sale of shares, attracting investors like General Catalyst and Abu Dhabi's sovereign wealth fund, Mubadala Investment Company. This transaction bumps up Deel's valuation to $12.6 billion. While initially targeting an IPO in 2025/2026, the company is now aiming for as early as next year.
