Deel
Japan’s SmartHR raises $140M Series E as strong demand for HR tech boosts its ARR to $100M
The round was led by KKR and Teachers’ Ventures Growth, an investment arm of Ontario Teachers’ Pension Plan.
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HR startup Rippling is in discussions to raise at a $13.4B valuation, up from $11.25B
Late-stage HR tech startup Rippling is raising new capital. The company’s new round, which has not yet closed, would inject $200 million into Rippling with another $670 million worth of shares being sold by existing stockholders, according to two people familiar with the deal. This will be Rippling’s Series F…
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at the piping hot global payroll space, neobank Dave’s financial results and related stock boost, and more! To get…
What’s the Deel with Remofirst, and why are VCs playing musical chairs?
Welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Today on the pod, Mary Ann…
Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR
HR startup Deel said it is acquiring Africa’s PaySpace in a deal that marks its largest acquisition to date.
Deel, the $12B HR startup, acquires Zavvy to step up consolidation play
Consolidation is afoot in the world of HR services, with larger players snapping up interesting, smaller startups en route to more robust unit economics and providing one-stop shops for customers…
Deel under fire for alleged questionable hiring practices, advice to other companies
A California Senator is urging the state’s Labor and Workforce Development Agency to conduct an investigation into the business practices of fintech turned HR startup Deel. Last week, Senator Steve…
Let’s consider potential IPOs in the HR technology market: Rippling, Gusto, Deel and Velocity Global are all on our list.
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Deel makes over $120M of its own cash available to support customers affected by SVB crisis
Global payroll provider Deel plans to provide $120 million of its own cash off its balance sheet to support startups’ payroll operations in the wake of Silicon Valley Bank shutting down. It has teamed up with Andreessen Horowitz (a16z) and Y Combinator – both of which are investors in Deel…
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Remote work revolution helps Deel reach $295M in ARR
Fintech-turned-HR outfit Deel reached $295 million in annual recurring revenue (ARR) by the end of 2022, the company’s co-founder and CEO Alex Bouaziz shared today. That’s up 417.5% from $57 million in ARR achieved at the end of 2021. The massive jump in ARR is impressive by normal standards but…
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha…
Deel enters equity management space with acquisition of Capbase
Remote payroll startup Deel has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies told TechCrunch exclusively. As its name suggests, San Francisco-based Capbase…
Localyze, a SaaS for staff relocation, gets $35M as it gears up for US launch
Hamburg-based Localyze is gearing up to launch in North America in the coming months — powered by a fresh raise of $35 million in Series B funding that’s being announced…
Fueled by the remote work revolution, Deel more than doubles valuation to $12B with new raise
Remote hiring company Deel has raised $50 million at a $12 billion valuation, according to an Axios report. Axios’ Dan Primack broke the news this morning, citing anonymous sources. He…
Daily Crunch: Twitter board OKs Musk’s $44B buyout, describes sale as ‘best path forward’
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Deel CEO Alex Bouaziz didn’t have a pitch deck to share on TechCrunch Live. That’s because Deel raised a total of $629 million without one.
Practice your pitch today on TechCrunch Live with Deel and a16z
TechCrunch Live is back! After a short break (because we were at TechCrunch Early Stage), the weekly show resumes today, and we’re excited to announce a new segment. Called Pitch…
‘The Ultimatum’ and social fintech have more in common than you’d think
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week was…
Deel’s timeline is impressive: Founded in 2018, entered YC and raised its seed round in 2019. In 2020, the company raised a Series A and Series B. In 2021, Deel…
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About that Deel ARR number
Deel shared that it crossed the $100 million ARR threshold, a key moment for any technology upstart as it implies that it has reached public-market scale.
Remote raises $300M more, now at a $3B+ valuation, to manage payments and more for globally distributed workforces
Remote workforces have come into their own in the last several years, with companies ever more willing to tap into talent wherever it happens to be, and a vast array…
Hear from these amazing investors and founders on TechCrunch Live this April
TechCrunch Live has an exciting slate of episodes scheduled for April. The speakers come from a variety of disciplines, backgrounds and locations. Like always, each episode features an entrepreneur presenting…
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Natasha and Alex…
Remote hiring startup Deel’s new feature gives businesses the option to fund payroll in crypto
In 2019, Alex Bouaziz and Shuo Wang founded Deel, a startup that aims to help companies compliantly hire and pay talent remotely all around the world. The pair’s mission was…
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Another month, another billion dollars in value appreciation
Hello, and welcome to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. And have a good time. This week Mary Ann and Natasha and Alex (along with our amazing production team Grace, Chris, and Kell) took on a bevy of topics from around the world of startups and technology more…
With customers like Coinbase and Shopify, remote hiring startup Deel raises $425M at a $5.5B valuation
As more people continue to work remotely, organizations globally have had to adjust — particularly when it comes to onboarding new employees and figuring out how to pay them, in…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. First and foremost, Equity was nominated for a…
Remote hiring startup Deel raises $156M at a $1.25B valuation after 20x growth in 2020
Many of the world’s organizations shifted to remote work due to the COVID-19 pandemic. But even as more people are vaccinated and offices are planning re-openings, it’s clear that for…
Deel nabs $30M more for payroll, compliance and other tools to run global workforces
Remote working has become the norm for many of us not on the front lines, and what’s been notable is that this is also changing the mindset for a lot…
Equity Morning: Remote work startup fundings galore, plus a major court decision
Good morning and welcome back to TechCrunch’s Equity Monday, a brief jumpstart for your week. This is a messed-up edition, because we are both hosting…