Many of the world’s organizations shifted to remote work due to the COVID-19 pandemic. But even as more people are vaccinated and offices are planning re-openings, it’s clear that for some organizations, remote work is here to stay.
Deel, a startup that provides payroll, compliance tools and other services to help businesses hire remotely, has seen increased demand in the wake of this shift.
Remote working has become the norm for many of us not on the front lines, and what’s been notable is that this is also changing the mindset for a lot of organizations, which are now hiring from an increasingly global talent pool.
Amid a sharp pullback in venture capital activity during the coronavirus pandemic, one Silicon Valley start-up is showing what could be a path forward for other new companies seeking funding.
The business, a payroll platform for remote workers called Deel, has secured a $14 million series A round led by Andreessen Horowitz, sources told CNBC exclusively. As part of the investment, Andreessen general partner Anish Acharya is joining the San Francisco-based company’s board.