Deel secures $484m in secondaries from new anchor investors
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The news: Payroll and HR outfit Deel has announced that new anchor investors have purchased close to USD300 million ($484 million) in Deel secondaries from early investors in the California-based company.
The numbers: Deel, which counts Australian companies SafetyCulture, Leonardo.Ai and Linktree as clients, said that US venture capital firm General Catalyst was one of the new anchor investors, as well as a sovereign investor.
Since graduating from Y Combinator in 2019, Deel has expanded its payroll technology platform across 150 countries. It launched in Australia and New Zealand in 2021.
What they said: "2024 was a remarkable year in terms of business and infrastructure growth, plus product innovation," said Deel co-founder and CEO Alex Bouaziz.
"We’re gearing up for an even bigger 2025. We look forward to working with new anchor investors to continue our momentum in the years ahead."
The source: Deel media release
