Andreessen Horowitz leads $14 million round in Deel payroll start-up


Marc Andreessen, co-founder and general partner of Andreessen Horowitz

David Paul Morris | Bloomberg | Getty Images

Amid a sharp pullback in venture capital activity during the coronavirus pandemic, one Silicon Valley start-up is showing what could be a path forward for other new companies seeking funding.

The business, a payroll platform for remote workers called Deel, has secured a $14 million series A round led by Andreessen Horowitz, sources told CNBC exclusively. As part of the investment, Andreessen general partner Anish Acharya is joining the San Francisco-based company’s board.  

While the venture capital industry has long relied on in-person meetings to create the trust needed…


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