Press release content from Business Wire. The AP news staff was not involved in its creation.
Deel, the Leading Platform for Global Hiring and Payments, Raises $156m Reaching Unicorn Status
April 21, 2021 GMT
SAN FRANCISCO (BUSINESS WIRE) Apr 21, 2021
Deel, the international payroll company shattering hiring barriers worldwide, announced today that it has raised $156 million in Series C funding led by the YC Continuity Fund and has welcomed Ali Rowghani to its board. The round was co-led by existing investors Andreessen Horowitz and Spark Capital. Dara Khosrowshahi, Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, and Anthony Schiller also participated in the round, among others. With a valuation of $1.25 billion, Deel has emerged as a market leader in the global payroll and compliance space.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Digital payroll vendor Deel reaches Unicorn status on $156 million funding round 7 hours ago
Source: Deel Deel, the international payroll company shattering hiring barriers worldwide, announced today that it has raised $156 million in Series C funding led by the YC Continuity Fund and has welcomed Ali Rowghani to its board. The round was co-led by existing investors Andreessen Horowitz and Spark Capital. Dara Khosrowshahi, Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, and Anthony Schiller also participated in the round, among others. With a valuation of $1.25 billion, Deel has emerged as a market leader in the global payroll and compliance space.
Lob raises $50M for its direct mail platform
Lob is a startup promising to help businesses deliver physical mail more quickly and affordably, and with more personalization.
The company estimates that its platform has been used to deliver mail to one in two U.S. households. And today, it’s announcing that it has raised $50 million in Series C funding.
CEO Leore Avidar told me he founded Lob with Harry Zhang nearly a decade ago to “allow people to send mail programmatically.” Over time, the company has become increasingly focused on enterprise clients its 8,500-plus customers include Twitter, Expedia and Booking.com although Avidar said it will always offer a product for small businesses as well.
X1 Card raises $12 million for its credit card with limits based on your income
X1 Card is raising a $12 million funding round. The company is building a credit card that sets limits based on your current and future income, not your credit score.
Spark Capital is leading the round with Jared Leto, Aaron Levie, Jeremy Stoppelman, Max Levchin and Ali Rowghani also participating. American Express veteran Ash Gupta is also joining the company as an advisor he was the chief risk officer of American Express.
The company says that it has attracted nearly 300,000 signups on its waitlist. I covered X1 Card back in September and it attracted a lot of readers, so that number doesn’t surprise me.