Deel unloads $300M in secondary sale, brings General Catalyst on as an investor

Quick Summary:

On Tuesday, it said its annual revenue run rate climbed to $800 million in 2024 after growing by 70%.

Fintech-turned-HR outfit Deel is trying to lay the groundwork for an IPO.

The company recently filed a motion asking a Florida court to dismiss a lawsuit that charged that Deel enabled money laundering.

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Article Details

Author / Journalist: Mary Ann Azevedo

Category: Technology

Markets: United States

Topics: Fundraising Fintech General Catalyst Startups Deel HR tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 17:11:54 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 160 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25893100

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