memo pada Seattle startup that helps companies apply for visas on behalf of international talent, has been acquired by ofa San Francisco company that sells software to make it easier to hire and pay employees across global teams.
Founded in 2018, Legalpad helps US companies automate and simplify the work visa application process for foreign-born employees.
Deel is a 3 year old Y Combinator company backed by Andreessen Horowitz. reportedly raised a $50 million round earlier this year at a $12 billion valuation.
“As work becomes more distributed and global, together we can solve the immigration challenges employers face when building a global workforce,” Deel said at a blog post about the deal
The two companies first became intertwined after Deel co-founder and CEO Alex Buaziz I used Legalpad to get a visa. Legalpad then used Deel when hiring their first contractor outside of the US.
CEO of Legalpad Todd Hein wrote in a blog post: “Fast forward to 2022, when Deel’s tremendous growth and Legalpad’s ongoing success made us ask the exciting question: What if Deel and Legalpad joined our aligned missions to connect talent across borders and create a world where skill alone determines chance?”
Heine called the deal a “very natural step in our journey as a company.”
“Great fit, amazing company, global reach, cultural fit, shared vision/mission, high level of mutual respect, both companies remote first,” Heine told GeekWire via email.
Terms of the deal were not disclosed. axes first reported the acquisition.
Legalpad, a 2018 Techstars Seattle graduate, raised $10 million in 2020 in a Series A round led by Texas venture capital firm Amplo. Other sponsors include Global Founders Capital, 8VC, Liquid 2 Ventures, Tekton Ventures, Gaingels, Collate Capital, and angel investors. Total funding to date is $14.6 million.
The company’s 70-person team will remain on board during the acquisition.
Legalpad is similar to the one based in Seattle Unlimited but Legalpad focuses on businesses rather than individuals navigating the immigration process.