Overview
Deel is an all-in-one global HR and payroll platform founded in 2019 by Alex Bouaziz, Shuo Wang, and Ofer Simon. The company revolutionizes how businesses hire, manage, and pay international teams by providing comprehensive solutions for contractor management, employer of record services, global payroll, and HR management across 150+ countries. As of October 2025, Deel has achieved a valuation of $17.3 billion following a $300 million Series E funding round, making it one of the fastest-growing HR tech companies globally. With over $1 billion in annual recurring revenue and serving 37,000+ businesses including Shopify, Nike, Reddit, and Cloudflare, Deel processes $22 billion in payroll annually for 1.5 million workers worldwide. The company owns and operates 150+ local entities globally, providing native payroll infrastructure rather than relying on third-party partners.
Products & Services
- Global Payroll: Native payroll in 100+ countries with automated tax calculations and compliance.
- Employer of Record (EOR): Hire full-time employees globally without establishing local entities.
- Contractor Management: Compliant contracts and payments for international contractors.
- Deel PEO: Co-employment solution for US businesses with benefits and compliance.
- HRIS Platform: Free HR management system with onboarding, time-off, and performance tracking.
- Deel Plugins: Integrations with 110+ platforms including Workday, SAP, QuickBooks.
- Immigration Services: Visa sponsorship and work permit support in 50+ countries.
- AI Workforce: Suite of AI agents automating HR, payroll, IT, and compliance tasks.
2024-2025 Highlights
- Raised $300M Series E at $17.3B valuation led by Ribbit Capital (Oct 2025).
- First $100 million revenue month achieved (Sep 2025).
- Surpassed $1 billion annual recurring revenue (2025).
- Third consecutive year of profitability with $15-17M monthly EBITDA.
- Launched AI Workforce with 7 embedded AI agents for HR automation.
- Acquired Omnipresent, Safeguard Global Payroll, and 9 other companies.
- Expanded to serve 37,000+ customers and 1.5M+ workers globally.
- CEO announced IPO preparations for 2026-2027 (Feb 2025).
Funding Rounds
| Announced | Money Raised | Round | Valuation | Investors |
|---|---|---|---|---|
| Oct 16 2025 | $300M | Series E | $17.3B | Ribbit Capital, Andreessen Horowitz, Coatue |
| Feb 04 2025 | $300M | Secondary | $12.6B | General Catalyst, Mubadala |
| Apr 29 2022 | $50M | Series D-II | $12B | Emerson Collective |
| Sep 14 2021 | $425M | Series D | $5.5B | Coatue, DST Global |
| Apr 20 2021 | $156M | Series C | $1.25B | Andreessen Horowitz, Y Combinator |
| Aug 27 2020 | $30M | Series B | N/A | Spark Capital, Y Combinator |
| May 19 2020 | $14M | Series A | N/A | Andreessen Horowitz |