Deel unloads $ 300 million for a secondary sale, brings a common catalyst as an investor

Fintech-Related HR clothing Deel tries to lay the foundations for IPO. On Tuesday, he stated that his annual percentage of revenue performance climbed to $ 800 million In 2024 after an increase of 70%.

Starting, which helps businesses worldwide to hire, manage and pay employees remotely, also said it has sold $ 300 million in secondary shares to General Catalyst and unnamed Sovereign Investor – providing early investors. CNBC reported that the unnamed investor is the Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi.

The publication also announced that Deel is preparing to publish “The next year”. Last February company told TechCrunch Ipo is likely to happen “In the term 2025/2026.”

In May 2022 Diel was worth $ 12 billionS After his secondary sale, his estimate was $ 12.6 billion, according to CNBC.

The company recently submitted a proposal Asking a court in Florida to reject a case This charges that Deel Activation of money launderingS