Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO. On Tuesday, it said its annual revenue run rate rel=”nofollow” href=”https://www.deel.com/blog/deel-new-anchor-investors/”>climbed to $800 million in 2024 after growing by 70%.
The startup, which helps businesses globally hire, manage and pay employees remotely, also said it has sold $300 million in secondary shares to General Catalyst and an unnamed “sovereign investor” – giving early investors a payout. CNBC rel=”nofollow” href=”https://www.cnbc.com/2025/02/04/hr-unicorn-deel-prepares-for-ipo-as-soon-as-2026.html”>reported that the unnamed investor is Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi.
The publication also…
