Deel just closed a massive $300 million Series E funding round, catapulting its valuation to $17.3 billion.
Ribbit Capital led the round, with participation from Andreessen Horowitz and Coatue Management.
The Global Payroll Powerhouse
Founded in 2019 by Alex Bouaziz, Deel solves one of business's toughest problems: hiring and paying international teams without drowning in compliance paperwork.
The San Francisco-based company now serves over 37,000 businesses across 150 countries, processing $22 billion in annual payroll.
Enterprise giants like LEGO, Puma, Klarna, FedEx, and Pepsi depend on Deel's infrastructure.
| Parameter | Details |
|---|---|
| Valuation | $17.3 billion |
| Founded | 2019 |
| ARR | $1+ billion |
| Customers | 37,000+ businesses |
| AI Curator Rating | 8.5/10 – Strong AI integration roadmap, proven revenue model |
Why This Round Matters?
Deel just hit $1 billion in annual recurring revenue and posted its first $100 million revenue month in September 2025. The company has been profitable for three consecutive years.
Deel plans to deploy this capital on strategic acquisitions and building native payroll infrastructure in over 100 countries by 2029. AI innovation is a major focus to enhance automation and attract top-tier talent.
The timing matters. Rival Rippling raised $450 million at a $16.8 billion valuation earlier this year, setting up an intense battle for HR tech supremacy.
Deel Funding History
| Round | Amount | Valuation | Date |
|---|---|---|---|
| Series E | $300M | $17.3B | Oct 2025 |
| Secondary | $300M | $12.6B | Feb 2024 |
| Series D | $425M | $5.5B | Oct 2021 |
| Series C | $156M | $1.25B | Apr 2021 |
| Series B | $30M | N/A | Sep 2020 |
What's Next?
With nearly $1.3 billion raised and a clear path to market leadership, Deel is betting big that the future of work is borderless.
Connect with Deel
| Platform | Link |
|---|---|
| Website | deel.com |
| linkedin.com/company/deel | |
| Twitter/X | @deel |
