Why they invested: Deel
This is our fourth essay in the “Why they invested” series, deconstructing the investment decisions behind today’s fastest-growing startups. If you missed previous editions, read more about Zip, Perplexity, and Wiz. Today is all about Deel, an all-in-one platform for global team onboarding, equipment, payroll, and more. Deel is one the fastest-growing software companies ever. In 5 years, the company scaled to $500M in ARR, working with 25K businesses, onboarding 500K workers globally. It’s tempting to tell Deel’s story as a company in the “right place at the right time” to capitalize on the distributed work mega trend. As we spoke to their investors (and being investors ourselves at Weekend Fund!), it’s clear to us that Deel is a story about relentless execution. Deel is a company that operates at “10X speed”. They raise fast, hire fast, ship product fast, respond fast. They entered a highly competitive market with a strategic entry point and, shipped product after product, to build ou
Why they invested: Deel Signature Block Topics Why They Invested Why they invested: Deel Apr 26, 2024 Why They Invested Deel grew from $0 to $500M ARR in 5 years. Here's a breakdown of why VCs invested. This is our fourth essay in the “ Why they invested ” series, deconstructing the investment decisions behind today’s fastest-growing startups. If you missed previous editions, read more about Zip , Perplexity , and Wiz . Today is all about Deel , an all-in-one platform for global team onboarding, equipment, payroll, and more. Deel is one the fastest-growing software companies ever. In 5 years,
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