Human resources software firm Deel has reached an annual revenue run rate of $800 million and is preparing for a potential IPO as early as next year, following a 70% year-over-year revenue increase in December. The company secured new major shareholders, General Catalyst and Mubadala Investment Company, after a $300 million secondary share sale, resulting in a valuation of $12.6 billion. Deel is focusing on strengthening financial audits and compliance processes to ensure readiness for the IPO, and has appointed new board members in preparation for the public offering.
Full Article
‘Wedding crasher stole $60,000 in gifts during newlyweds’ reception’
A man named Armean Shirehjini allegedly crashed a wedding reception in Glendale, California, stealing approximately $60,000 in cash and checks from a gift box. After being identified through CCTV footage, he was arrested along with a suspected accomplice, with police recovering stolen items and firearms from their homes, though neither has been charged yet. Want More Context? 🔎
Read more