Deel’s $425 Million Series D Funding Round

Orrick Herrington & Sutcliffe advised Deel on the deal while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian represented Coatue Management.

Deel, a global compliance and payroll solutions platform, announced its $425 million Series D funding round. This brings the total amount raised by the company to over $630 million and values the company at $5.5 billion. The round was led by Orrick client Coatue and includes Altimeter Capital, Andreessen Horowitz, YC Continuity Fund, Spark Capital, Green Bay Ventures and Neo, among others.

The Orrick team advising Deel on this round was led by Josh Pollick (Picture) and includes Julien Barbey, William Blackman, Daswell Davis and Chad Smith. 

The Gunderson deal team was led by Greg Volkmar and included Jeffrey Stricker, Jae Hyung Ryu, and Khalil Nobles.

Involved fees earner: Jae Hyung Ryu – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Khalil Nobles – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Jeffrey Stricker – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Greg Volkmar – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Julien Barbey – Orrick Herrington & Sutcliffe LLP; William Blackman – Orrick Herrington & Sutcliffe LLP; Daswell Davis – Orrick Herrington & Sutcliffe LLP; Josh Pollick – Orrick Herrington & Sutcliffe LLP;

Law Firms: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Orrick Herrington & Sutcliffe LLP;

Clients: Coatue Management, L.L.C.; Deel;

Author: Martina Bellini