Andreessen Horowitz completed a $14m investment in Deel.

Venture capital firm Andreessen Horowitz completed a $14m investment in Deel, a payroll platform dedicated to supporting and hiring remote workers. "In addition to Alex and Shuo’s technological and go-to-market expertise, what really impressed us about the Deel team is their long-term product vision: ultimately, they aim to provide financial services directly to the employees on the platform. Traditionally, employers are the source of wages, benefits, insurance, and many other financial services for their employees. But those products are structurally challenging to provide to a global workforce, particularly those working as contractors. We believe that Deel is uniquely positioned to solve this problem and, in doing so, will create better access to both employment opportunities and financial services for the global workforce," Andreessen Horowitz.