HR unicorn Deel prepares for IPO as soon as 2026 after revenue jump

Key Points

Human resources software startup Deel has hit an annual revenue run rate of $800 million, the company told CNBC.
Deel also added two major new shareholders to its capitalization table, General Catalyst and Abu Dhabi sovereign wealth fund Mubadala, as part of a $300 million secondary share sale.
“We are getting ready to go out, potentially next year or a bit later,” Deel CEO Alex Bouaziz told CNBC, discussing the firm’s IPO plans.

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