Equity What's the Deel with Remofirst, and why are VCs playing musical chairs?
6 snips
Mar 8, 2024 The hosts dive into Muse's mega funding round, showcasing the viability of vertical SaaS and payments. They discuss Deel's acquisition of PaySpace and its competitive edge in the HR tech market, with Remofirst also making waves. Additionally, the dynamics of venture capital are explored as investors shuffle firms, signaling a reset following the boom. The conversation also highlights the innovative strides of QuotaLab in South Korea and the challenges and triumphs faced by remote work startups in today’s shifting landscape.
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Muse's Unicorn Status
- Muse, a hotel SaaS startup, achieved unicorn status with a $1.2B valuation after raising $110M.
- Their success comes from providing software and payment tools for hotels, addressing outdated systems in the hospitality industry.
QuotaLab vs. Carta
- QuotaLab, a South Korean startup, is challenging Carta by offering cap table management for startups, VCs, and LPs.
- Despite success in South Korea, QuotaLab's expansion faces competition from regional players in Southeast Asia.
Deel Acquires Payspace
- Deel acquired Payspace, its largest acquisition to date, expanding into Africa’s HR market.
- Payspace brought over 14,000 enterprise customers, including Heineken and Coca-Cola, solidifying Deel's presence in over 70 countries.