Global payroll and HR platform Deel, a provider of workforce management solutions, has secured a fresh $300m investment from anchor investors, including General Catalyst and a sovereign investor.
The latest investment follows Deel’s milestone announcement of reaching an $800m run-rate as of December 2024, reflecting a 70% year-over-year increase. The company has been profitable for over two years.
Founded in 2019 through Y Combinator, Deel has transformed from a two-product hiring solution into a full-stack workforce management platform. It now integrates HRIS, payroll, compliance, benefits, and performance management into a single solution available across 150 countries. The
Jeannette zu Fürstenberg, managing director of General Catalyst and founding partner of La Famiglia, expressed confidence in Deel’s mission, stating, “We are proud to deepen our investment in Deel, a transformative platform that empowers global workforce enablement and drives economic growth around the world.
“What began as a seed investment at La Famiglia has grown into a business that aligns perfectly with the GC Famiglia ethos – helping more people get hired and businesses grow faster. Deel’s focus on enabling large enterprises to navigate the complexities of a global workforce fits well with our mission to back bold ideas that create enduring value.”
Alex Bouaziz, Deel co-founder and CEO, also reflected on the company’s trajectory, saying, “2024 was a remarkable year in terms of business and infrastructure growth, plus product innovation. We’re gearing up for an even bigger 2025. We look forward to working with new anchor investors to continue our momentum in the years ahead.”
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