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Fueled by the remote work revolution, Deel more than doubles valuation to $12B with new raise

TechCrunch

Remote hiring company Deel has raised $50 million at a $12 billion valuation, according to an Axios report. He wrote that “ new investors include Laurene Powell Jobs’ Emerson Collective, while existing company backers include Andreessen Horowitz, Spark Capital and Y Combinator.”.

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Deel enters equity management space with acquisition of Capbase

TechCrunch

Remote payroll startup Deel has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies have told TechCrunch exclusively. As its name suggests, San Francisco-based Capbase claims it can update a company’s cap table in real time as it issues shares, signs contracts and raise money from investors.

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Why a16z pitched Deel to lead its Series A

TechCrunch

But Deel CEO Alex Bouaziz didn’t have a pitch deck to share. That’s because Deel raised a total of $629 million without one. Rather, Andreessen Horowitz partner Anish Acharya pitched Deel to let a16z lead the company’s Series A, Acharya explained alongside Bouaziz on TechCrunch Live on Wednesday.

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The latest in Plaid’s payments push

TechCrunch

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. It claims that by using Signal, companies can “unlock instant ACH.” Every week, I’ll take a look at the hottest fintech news of the previous week. billion this year.

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TechCrunch+ roundup: Immigration law Q&A, finding your problem, why a16z pitched Deel

TechCrunch

According to Klaviyo co-founder and chief product Ed Hallen , luck was a contributing factor to his marketing automation company’s success. “Rather than focus on telling a story, we found a problem and came at it hard because we knew if we found enough people with the same problem, we could build a company.”

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. and Mexico.

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Hofy lands $15M to help companies remotely manage enterprise equipment

TechCrunch

In March 2020, Sami Bouremoum and Michael Ginzo, two tech entrepreneurs with a background in consulting (Bouremoum worked for Bain & Company) and software development (Ginzo led product at hiring startup Deel), came together to co-launch Hofy , a company that delivers office equipment to remote hires.