Deel Hits $17.3 Billion Valuation Amid Spying Scandal With Rival
HR software startup Deel Inc. has raised $300 million in a new round of funding
Source: Koshiro K/Alamy Stock Photo
Deel Inc., a human resources software startup embroiled in a bitter legal battle with rival Rippling, has raised $300 million in a new round of funding that boosts the company’s valuation to $17.3 billion.
Ribbit Capital led the new investment, which was announced on Thursday. Andreessen Horowitz and Coatue Management also participated. Deel was previously valued at $12 billion in a funding round in 2022.