Deel hits $17.3B valuation after raising $300M from big-name VCs

As entertaining as it’s been for the tech industry to watch rival payroll decacorns Deel and Rippling sue each other over a corporate spying scandal, top-tier VCs are apparently not terribly scared off. Deel on Thursday announced that it has raised a $300 million Series E round co-led by A-list fintech VC firm Ribbit Capital and Andreessen Horowitz, with participation from existing investors like Coatue Management and General Catalyst.

Deel says it’s been profitable for three years and surpassed $1 billion in ARR, including having a month —…