Payroll Startup Deel Raises Funds at $1.25 Billion Valuation

  • Company is backed by Andreessen Horowitz, Spark Capital
  • Deel raises $156 million in latest fundraising Wednesday

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Deel, a startup that helps companies comply with local hiring laws around the world, is raising funds valuing it at $1.25 billion.

The San Francisco-based startup said its valuation rose from $225 million last year.