Alex Bawazz, CEO and co -founder of Deel, on the stage at the Collision Conference 2022 at the Enercare Center in Toronto, Canada.
Von Ridley Sportsfile | Gety pictures
Deel's Human Resources Software Company said it has achieved an annual rate of revenue of 800 million dollars, and it enhances preparations for the public brand with the aim of public subscription early next year.
The startup company, which aims to simplify the recruitment process, pay and manage employees from remoteness, told CNBC that it had reached the flag after the 70 % annual return in December. The rate of revenue operation is the company's annual revenue estimation, independent of a monthly data point.
Deel also added to the personal drawing schedule with two major shareholders after selling secondary shares worth $ 300 million last year.
The company said that General Catalyst and the sovereign wealth fund – which understands CNBC is Mubadala Investment, which is the sovereign wealth fund in Abu Dhabi – joined the tour as new investors.
It comes after Dell recorded in 2022 a $ 12 billion rating. After the treatment of secondary stocks, the company's evaluation was strengthened to $ 12.6 billion, according to two sources familiar with the matter, who do not want its name due to the sensitivity of the issue.
In an interview with CNBC, the CEO of Deel and co -founder Alex Bouaziz said that the company is developing strong financial audits, compliance and infrastructure operations as it looks forward to ensuring that it is in a good public subscription position.
“We are preparing to go out, they are likely to be in the next year or shortly after,” Bouziz told CNBC. ” Todd Ford. “We think we have the right reasons for the public.”
Bouaziz said that a general list can help the company more in its mission to build a milestone that can be recognized in the HR and Payroll program.
“When it comes to human resources and salaries, I never felt that someone seized the essence of the great brand,” he said. “No one really (builds) a brand you feel with people.”
“This is really what we want to build. This, I think, is a large part of the experience we can bring to people. It can be a public company to enhance those feelings, be part of the story and be part of the work,” Boziz added.
The CEO said that Dell is not under pressure from her financial supporters to the public despite his large size. The company currently has about 5,000 employees worldwide.
Dele was founded in 2019, which is a platform that helps companies that have human resource services such as wrapping, compliance, performance management, salary support and immigration support. It became common during the closure of the Covid-19 in 2020 and 2021, which prompted the direction of employing employees remotely.
“Focusing on enabling large institutions to move in the complications of global workforce smoothly with our mission to support bold ideas that create permanent value,” Gennett Zo Forsteneberg, General Managing Director of Kacchalist, told “Focusing on enabling large institutions to move in the complications of global workforce smoothly with our mission to support bold ideas that create permanent value.”
Zu Fürstenberg previously supported Del in investing seeds when it was with the European Capital Fund, La Famiglia, which merged with General Catalyst in October 2023.
A proposal to file a “baseless” suit
Against the background of financial landmarks and progress towards public subscription, Deel is currently facing litigation on claims that it has facilitated money laundering transactions.
Last month, a lawsuit was filed in the Florida Court, which allegedly addressed payments without a suitable license and enabled money laundering in relation to illegal payment transactions worth at least $ 2.27 million on behalf of a former customer, Drge Capital Ventures. He also accuses Del of facilitating payments to Russia in violation of US sanctions.
Dell strongly denies the claims and fired at a request to reject the lawsuit, describing it as “full of baseless allegations, hits, guessing, and explicit lies.”
Del also claimed that the lawsuit was part of “a coordinated effort by a major investor in the primary opponent of Dell, who seeks to discredit Del's stellar.”
Prosecutor's lawyer, Thomas Jaradi, is It was named as the founder of absolute insurance services At the Foreign Ministry in Florida. Wavoring insurance services are now known as Ripple Insurance Services, a HR company and salary programs. Grades He is said to be an investor in ripplesAccording to the Florida, Napoli Daily News, although CNBC was unable to confirm this.
Not immediately there is no Thomas Grady and did not immediately ripply to comment when calling it by CNBC.
Bouaziz CNBC told that he feels “very confident” about Del's chances of rejecting the lawsuit.
