Deel’s $156 Million Series C Financing Round

Orrick Herrington & Sutcliffe LLP advised Deel on the deal.

Deel, an international payroll company, announced its $156 million Series C financing round. Led by YC Continuity and existing investors Andreessen Horowitz and Spark Capital, the round also included , Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, and Anthony Schiller, among others. This financing brings Deel’s valuation to $1.25 billion. Deel plans to use the funds to continue its international expansion, grow its team and improve its product offerings.

The Orrick team advising Deel on this round was led by Josh Pollick (Picture) and includes Isabel Ajuria, Andrew Barlow and Kaitlin Bagby. Orrick previously advised Deel on its Series A and B rounds.

 

Involved fees earner: Isabel Ajuria – Orrick; Kaitlin Bagby – Orrick; Andrew Barlow – Orrick; Josh Pollick – Orrick;

Law Firms: Orrick;

Clients: Deel;

Martina Bellini

Author: Martina Bellini