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Announced

Completed

Y Combinator led a $156m Series C round in Deel.

Financials

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Transaction Value£111m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

payroll software

United States

Private

Acquisition

Venture Capital

Friendly

Domestic

Completed

Minority

Single Bidder

Private Equity

Synopsis

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Y Combinator led a $156m Series C round in Deel, the international payroll company shattering hiring barriers worldwide, with participation from Andreessen Horowitz and Spark Capital. "We built Deel to be the solution for companies wanting to hire anywhere around the world, from Argentina to Zambia. We set out to solve a problem that the majority of businesses found inherently daunting. With Deel, we were able to consolidate everything into a product people trust and enjoy using to hire, to pay, and to give their global team members the best experience possible. Now with this third sizable investment, we can't wait to open even more doors for businesses, employees, and contractors around the world," Alex Bouaziz, Deel CEO.

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