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