Deel Secures $300 Million in Funding Amid Controversy
Deel, a tech company at the center of a major corporate spying scandal in Ireland, has successfully raised $300 million (€257 million) in its latest funding round. This investment boosts the company’s valuation to an impressive $17.3 billion.
The funding was led by Ribbit Capital, a new investor, alongside existing supporters such as Andreessen Horowitz and Coatue Management. Deel is known for its HR and payroll platform that assists businesses around the world in managing their employee needs efficiently.
