Deel Raises $300 Million at a $17.3 Billion Valuation

Deel is a leading platform at the forefront of global payroll and compliance. The company focuses on software that streamlines and automates the complex operations of international hiring and payroll, serving thousands of companies worldwide. Its technology enables businesses to manage contracts, payments, and legal compliance for a distributed international workforce.

Deel has raised a $300 million Series E funding round, bringing the company's valuation to $17.3 billion. The round was led by new investor Ribbit Capital alongside existing backers Andreessen Horowitz and Coatue Management.

Deel, headquartered in San Francisco, California, United States, was founded in 2019 by Alex Bouaziz, Ofer Simon, and Shuo Wang. In 2021, the company joined the unicorn club. “We’re proud to welcome some of the world’s best investors as partners in this next chapter for Deel,” said Alex Bouaziz, Deel co-founder and CEO. “This round is about doubling down on the global payroll infrastructure we’ve built from the ground up. We’re reimagining how payroll should work for the next century – fluid, real-time, and truly borderless – and continuing our mission to become the single platform where companies can build, manage, and pay their teams anywhere in the world.”