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Remote hiring startup Deel raises $156M from Y Combinator, Spark Capital, Roosh Ventures, Andreessen Horowitz, and others; becomes a unicorn

Deel helps businesses hire, onboard, and pay international employees or contractors in less than five minutes, with no local entity required. The San Francisco company has shown unparalleled growth since 2020: a 20x increase in revenue, 100+ new employees, and a 5x growth of valuation. Now, that’s the result that leaves you in awe. Deel is driven by their vision for all businesses “to hire anyone, anywhere, in a compliant manner.”

We, at Roosh Ventures, believe it to be especially relevant for Ukraine, famous for exceptional talent, so we can’t wait for Deel’s further global expansion.

The newly-born unicorn plans to use its new capital to set up 80 new Deel-owned entities worldwide in 2021 and hire more employees.

TechCrunch