Seattle startup Legalpad acquired by payroll and compliance giant Share – GeekWire

Todd Heine, CEO of Legalpad. (Legalpad photo)

Legalpad, a Seattle startup that helps companies apply for visas on behalf of international talent, has been acquired by Deel, a San Francisco company that sells software to facilitate hiring and paying employees in global teams.

Founded in 2018, Legalpad helps US companies automate and simplify the process of submitting work visa applications for foreign-born employees.

Share is a 3-year Y Combinator company backed by Andreessen Horowitz. It reportedly raised a $50 million round earlier this year at a valuation of $12 billion.

“As work becomes more distributed and global, together we can solve the immigration challenges faced by employers in building a global workforce,” Deel said in a blog post about the deal.

The two companies first became intertwined after Deel co-founder and CEO Alex Bouaziz used Legalpad to get a visa. Legalpad then used Deel when it hired its first contractor outside the US

Todd Heine, CEO of Legalpad, wrote in a blog post: “Fast-forward to 2022, when Deel’s tremendous growth and Legalpad’s steady success left us asking the exciting question: What if Deel and Legalpad united our aligned missions to connect talent across borders and create a world where only ability determines opportunities?”

Heine called the deal a “very natural step in our journey as a company”.

“Good fit, great company, global reach, cultural fit, shared vision/mission, high level of mutual respect, both remote-first companies,” Heine told GeekWire via email.

The terms of the deal have not been disclosed. Axios first reported on the acquisition.

Before helping to launch Legalpad with Sara Itucas and Brandon Bloom, Heine worked as a lawyer and advised companies on cross-border employment, tax, immigration and corporate law.

Legalpad, a 2018 graduate of Techstars Seattle, has raised $10 million in 2020 in a Series A round led by Texas venture capital firm Amplo. Other lenders 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-strong team will remain on board throughout the acquisition.

Legalpad is similar to Seattle-based Boundless, but Legalpad focuses on businesses rather than individuals navigating the immigration process.

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