Deel's Valuation Surges to $17.3B with $300M Funding from Major VCs

Reported 14 days ago

Deel has achieved a valuation of $17.3 billion after raising $300 million in a Series E funding round led by top VCs, including Ribbit Capital and Andreessen Horowitz. Despite ongoing legal issues with competitor Rippling, Deel has maintained profitability and reported over $1 billion in annual recurring revenue, servicing more than 35,000 clients across 150 countries.

Source: YAHOO

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