Tag: Deel

HR company Deel completes PayGroup acquisition

Deel has completed its $AU 121M acquisition of APAC-based payroll and HCM company PayGroup Limited. PayGroup is now part of Deel, a private San Francisco-based payroll company, and has been delisted from the Australian Stock Exchange, a statement said. Initiated in July 2022, the acquisition’s completion makes Deel a true leader in the global payroll and…

Deel raises $425M in series D funding

Deel, the remote hiring company, has announced that it has raised $425 million in Series D funding, taking the total amount raised by the company to over $630 million. The latest funding round values the company at $5.5 billion. This new funding round was led by US-based Coatue, with partners Rahul Kishore and Lucas Swisher…

Deel acquires Zeitgold to strengthen Payroll & AI Offerings

Deel, a global payroll and compliance space platform, has announced that it had joined forces with Zeitgold to fuel international growth and enhance the depth and breadth of its product offerings. This acquisition marks a significant milestone for Deel as the company continues to scale, adding thousands of customers as working and hiring practices continue…

Deel Raises $156M Series C Funding, Reaches Unicorn Status

Deel, the international payroll company shattering hiring barriers worldwide, announced that it has raised $156 million in Series C funding led by the YC Continuity Fund and has welcomed Ali Rowghani to its board.  The round was co-led by existing investors Andreessen Horowitz and Spark Capital. Dara Khosrowshahi, Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, and…