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Global HR Platform Deel Secures $300M in Series E Funding Amid Legal Disputes

Deel has reportedly secured $300 million in Series E funding co-led by prominent venture capital firms. The HR technology company claims profitability and over $1 billion in annual recurring revenue despite ongoing legal challenges with competitor Rippling.

Major Funding Round for Global HR Technology

According to recent reports, Deel has successfully raised $300 million in its latest venture round financing, with the company’s valuation reportedly reaching $17.3 billion. Sources indicate that the Series E round was co-led by prominent fintech investment firm Ribbit Capital and Andreessen Horowitz, with participation from existing investors including Coatue Management and General Catalyst.