Deel unloads $300M in secondary sale, brings General Catalyst on as an investor

Fintek-Terned-HR Decoration Deal is trying to form the foundation for an IPO. Tuesday, it says its annual revenue run rate Raised in $ 800 million After 70%increase in 2024.

Startup, which helps to rent, manage and distant worldwide workers, also says that it has sold $ 300 million to the repayment of primary investors – secondary shares to the General Catalist and an unnamed “sovereign investor”. CNBC Report Anonymous investor is the Mubadala Investment Agency, Abu Dhabi’s sovereign wealth fund.

The publication also said that the deals “early next year” are preparing to go to the public. Last February, the company told TechCrunch An IPO is likely to happen “2025/2026 on timeframe.”

In May 2022, Deal was Is worth 12 billionThe According to CNBC, after its secondary sale, its evaluation was $ 12.6 billion.

The company recently filed a proposal A court in Florida is requesting to dismiss a case To charge that deal Able money launderingThe