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Unicorn Status Update: Digital Payroll Provider Deel Secures $156 Million Through Series C Funding Round
April 21, 2021 @ 1:22 pm By Samantha Hurst
Deel, a digital payroll provider, announced on Wednesday it raised $156 million through its Series C funding round, which brought the company’s valuation to $1.25 billion and making it achieve unicorn status.
Founded in 2018, Deel describes itself as a global payroll solution that helps businesses hire anyone, anywhere. Using a tech-enabled self-serve process, Deel customers may now hire independent contractors or full-time employees in over 150 countries, compliantly and in minutes. The company now serves more than 1,800 customers from SMBs to publicly traded companies.