[Global] Deel announces new anchor investors

Leading payroll and HR company Deel has announced that new anchor investors, including General Catalyst and a sovereign investor, have purchased close to $300 million in Deel secondaries from early investors in the company, Silicon reports.

Since moving on from Y Combinator in 2019, Deel has expanded from a two-product hiring solution to a comprehensive suite of products that simplify global workforce management. Deel’s platform is now a full-stack solution and system of record that combines HRIS, payroll, compliance, benefits, performance, and more into one seamless platform across 150 countries.

Jeannette zu Fürstenberg - Managing Director of General Catalyst and Founding Partner of La Famiglia - said, “We are proud to deepen our investment in Deel, a transformative platform that empowers global workforce enablement and drives economic growth around the world. What began as a seed investment at La Famiglia has grown into a business that aligns perfectly with the GC Famiglia ethos – helping more people get hired and businesses grow faster. Deel’s focus on enabling large enterprises to navigate the complexities of a global workforce fits well with our mission to back bold ideas that create enduring value.”

In 2024, two new independent board members reportedly joined Deel as part of preparations for its future. The new additions were Francis deSouza, former CEO of Illumina and former Walt Disney Corporation board member, and Todd Ford, veteran board member and joint President and CFO at Coupa Software.

Alex Bouaziz - Deel co-founder and CEO - said, “2024 was a remarkable year in terms of business and infrastructure growth, plus product innovation. 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.”

Source: Silicon

(Quotes via original reporting)

Leading payroll and HR company Deel has announced that new anchor investors, including General Catalyst and a sovereign investor, have purchased close to $300 million in Deel secondaries from early investors in the company, Silicon reports.

Since moving on from Y Combinator in 2019, Deel has expanded from a two-product hiring solution to a comprehensive suite of products that simplify global workforce management. Deel’s platform is now a full-stack solution and system of record that combines HRIS, payroll, compliance, benefits, performance, and more into one seamless platform across 150 countries.

Jeannette zu Fürstenberg - Managing Director of General Catalyst and Founding Partner of La Famiglia - said, “We are proud to deepen our investment in Deel, a transformative platform that empowers global workforce enablement and drives economic growth around the world. What began as a seed investment at La Famiglia has grown into a business that aligns perfectly with the GC Famiglia ethos – helping more people get hired and businesses grow faster. Deel’s focus on enabling large enterprises to navigate the complexities of a global workforce fits well with our mission to back bold ideas that create enduring value.”

In 2024, two new independent board members reportedly joined Deel as part of preparations for its future. The new additions were Francis deSouza, former CEO of Illumina and former Walt Disney Corporation board member, and Todd Ford, veteran board member and joint President and CFO at Coupa Software.

Alex Bouaziz - Deel co-founder and CEO - said, “2024 was a remarkable year in terms of business and infrastructure growth, plus product innovation. 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.”

Source: Silicon

(Quotes via original reporting)