Deel hits $17.3B valuation after raising $300M from bigname VCs

Image for article Deel hits $17.3B valuation after raising $300M from bigname VCs
News Source : TechCrunch

News Summary

  • Rival payroll decacorns Deel and Rippling are suing each other over a corporate spying scandal.
  • Deel on Thursday announced that it has raised a $300 million Series E round co-led by A-list fintech VC firm Ribbit Capital and Andreessen Horowitz.
  • Ribbit’s founder, Micky Malka, and a16z co-founder Ben Horowitz, gave Deel their full-throated supported in the announcement.
  • The lawsuit against Deel does not yet have a trial date and is in the discovery phase, according to court records.
As entertaining as its been for the tech industry to watch rival payroll decacorns Deel and Rippling sue each other over a corporate spying scandal, toptier VCs are apparently not terribly scared o [+1443 chars]

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