Deel doubles valuation to $12B with new raise

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Remote hiring company Deel has raised $50 million at a $12 billion valuation, according to an Axios report.

Axios’ Dan Primack broke the news this morning, citing anonymous sources. He wrote that “new investors include Laurene Powell Jobs’ Emerson Collective, while existing company backers include Andreessen Horowitz, Spark Capital and Y Combinator.”

To say that Deel has experienced rapid growth is an understatement. The company recently made headlines when CEO and co-founder Alex Bouaziz shared that Deel had crossed the $100 million ARR threshold. He also shared in December 2021 that Deel had scaled to $50 million in ARR, indicating that the company had started the year with around $4 million worth of ARR.

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