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

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.

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