Coatue, a hedge fund sponsor, led a $425m Series D round in Deel, a remote hiring company. Additional investors included Altimeter Capital, Andreessen Horowitz, the YC Continuity Fund, Spark Capital, Greenbay Ventures and Neo. "We had been tracking Deel since 2020 and were impressed by Alex and Shuo’s vision. As we learned more about Deel, we became excited by their increased and impressive scale and believe we are in the early innings of what the team is capable of," Rahul Kishore, Coatue Senior Managing Director.