Press Release 04.08.2021

PXR advises Zeitgold on sale to Deel Inc

PXR has rendered comprehensive legal and tax advice to the Berlin-based software startup Zeitgold on its sale to US-based startup Deel Inc. Deel was founded three years ago and provides solutions for the compliant hiring of international employees. This spring, Deel has raised a USD 156 million series C financing led by the investors Andreessen Horowitz, Spark and Y-Combinator Growth.

About Zeitgold

Zeitgold was founded in 2015 and is based in Berlin. It was co-founded by Stefan Jeschonnek and Jan Deepen, who had previously co-founded the fintech startup SumUp. At Zeitgold, they teamed up with Kobi Eldar, who previously led a cybersecurity unit in the Israeli Defense Forces and had leading roles in several Israeli tech companies. Zeitgold enables accounting automation with intelligent software based on artificial intelligence, enabling bookkeeping tasks to be executed digitally.

About PXR

PXR is a full-service law firm specializing in advising companies, entrepreneurs and investors in the technology sector. PXR’s clients include numerous tech companies, private equity and venture capital investors, and entrepreneurs. PXR’s core areas of expertise include tax and corporate law, employment law, and IP/IT and data privacy law.