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Deel, specialist in human resources and payroll management for international companies, announces that it has reached a Run misses $ 800 million in December 2024, recording a growth of 70 % over one year. The company, profitable for more than two years, continues its expansion by consolidating its position on the integrated HR solutions market.
At the same time, General Catalyst and a sovereign investor whose name was not communicated, acquired nearly $ 300 million in secondary action with historical investors. This transaction does not constitute a fundraising but a structuring of the capital of the company. According to our information confirmed by Deel, it was operated on a Valuation of $ 12 billion.
Founded in 2019 and resulting from Y combinatorDeel went from a hiring management solution to a Complete platform covering HRIS, pay, compliance, benefits and performance management In Over 150 countries. Thanks to an infrastructure owner of payroll management, the company simplifies the administration of international workforce for large companies.
Two new independent members joined the board of directors in 2024: Francis Desouzaformer CEO of Illumina and ex-Disney-administrator, and Todd FordPresident and CFO of Coupa Software. Their arrival is part of a structuring strategy for a possible IPO.
