Deel, the global platform helping businesses hire and pay remote workers, just made a big move. The company has sold a whopping $300 million in secondary shares to General Catalyst and an undisclosed sovereign investor. This deal gives early investors a chance to cash out while keeping Deel’s valuation strong at $12.6 billion.

But that’s not all—Deel is also setting the stage for an IPO. Sources suggest the company could go public as soon as next year, following its impressive growth. Just last year, Deel’s revenue surged to an $800 million annual run rate, marking a 70% increase. Talk about momentum!

This isn’t the first time Deel has grabbed headlines. Back in 2022, the startup was valued at $12 billion, and it’s only gone up from there. Now, with this latest funding round and its IPO plans in motion, Deel is clearly on a roll.

Meanwhile, the company is also dealing with a legal hurdle. It recently asked a Florida court to dismiss a lawsuit accusing it of enabling money laundering. While that’s a serious issue, Deel’s focus remains on its global expansion and upcoming public offering.

Stay tuned for more updates as Deel continues to make waves in the fintech and HR space—and maybe even on the stock market soon.