Several firms announced funding rounds recently, including Velocity Global, A.Team and Deel.

Velocity Global: $400 million

Velocity Global, a provider of global employer-of-record and independent contractor compliance services, announced today that it raised $400 million in its Series B funding round, increasing the company’s valuation sevenfold since the same time last year. Funds will be used to enhance customer experience and make further strategic investments in technology, sales and marketing, as well as potential future acquisitions.

Eldridge and Norwest Venture Partners led the round; Parker Barrile, a partner at Norwest Venture Partners, joins the Velocity Global board as a director. Velocity Global retains majority ownership and founder Ben Wright continues as CEO and chair of the board.

Velocity Global counts more than 1,200 clients and 7,000 supported employees worldwide. It has more than 700 employees in 47 countries and plans to more than double the number of employees by the end of the year. The company last year completed acquisitions of iWorkGlobal from Gary D. Nelson and Associates, and Shield GEO, a global employer-of-record provider.

A.Team: $55 million

A.Team — a members-only network of engineers, product managers, designers and marketing talent that form cloud-based, modular teams to solve problems — emerged from stealth mode yesterday and announced a $55 million Series A financing round co-led by Tiger Global Management, Insight Partners and Spruce Capital Partners. This follows a previous $5 million seed round.

Backers include organizational psychologist and bestselling author Adam Grant; founders of CAA, Apollo and Fiverr; and Arrive, a Roc Nation company. Fieldglass founder Jai Shekhawat is also an advisor.

While in stealth, A.Team added more than 250 companies and 4,000 vetted product builders.

“Every idea that’s ever changed the world has had a great team behind it. Yet, teams — the core unit of work in the knowledge economy — have never been optimized with technology,” said CEO and co-founder Raphael Ouzan. “With cloud-based teams, we’re unlocking the ability for highly-skilled professionals to escape rigid structures and team up to do the most meaningful work of their career — and transform the way that companies build in the process.”

Ouzan told TechCrunch that the capital will be put toward expanding the core A.Team platform and creating an ecosystem of independent product builders, companies, partners and investors. The company currently employs 75 people between staffers and contractors and expects to grow that number to 170 by 2022.

Deel: $50 million

Deel, a global payroll and compliance firm, has raised $50 million in new venture capital funding at a $12 billion valuation, Axios reported. New investors include Laurene Powell Jobs’ Emerson Collective, while existing company backers include Andreessen Horowitz, Spark Capital and Y Combinator. A $425 million fund round announced in October had Deel’s valuation at $5.5 billion.