13 May 2022

Deel doubles valuation to $12bn

Written By FinTech Alliance

Deel doubles valuation to $12bn

Despite a softening of interest in tech, the US remote hiring FinTech has surged over the past 12 months

In Brief: 

Deel has closed a $50m round pushing its valuation to $12bn.

The remote working FinTech was founded just three years ago.

Investors include Emerson Collective, Andreessen Horowitz, Spark Capital and Y Combinator.

What does this mean? 

Deel's raise contrasts with lower tech valuations in the public markets suggesting that VCs have faith in the overseas talent market in which Deel specialises.

Read more here

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