Deel, a leading global HR and payroll platform serving more than 37,000 businesses worldwide, has raised $300m in a Series E funding round.
The investment was led by new backer Ribbit Capital, with continued support from Andreessen Horowitz, Coatue Management, General Catalyst, and Green Bay Ventures, among others. The round brings Deel’s valuation to $17.3bn.
Founded in 2019, Deel provides a unified platform that allows companies to hire, onboard, manage, and pay employees and contractors in over 150 countries. The company supports 1.5m workers and processes $22bn in payroll annually. It has rapidly become a cornerstone for businesses navigating the complexities of international hiring and compliance.
Deel plans to use the new capital to drive strategic acquisitions that extend its global reach and product suite. A significant portion of the funding will also go toward enhancing its owned payroll infrastructure and AI innovation, with ambitions to deliver native payroll coverage in more than 100 countries by 2029.
The latest investment follows a milestone year for Deel. The company reported its third consecutive year of profitability in September 2025 and achieved its first $100m revenue month. Earlier this year, it surpassed $1bn in annual recurring revenue, highlighting strong demand for its payroll and HR solutions.
Deel’s growth has been broad-based, recording a 1,500% increase across U.S. products, 600% in HR solutions, and 450% in global payroll. The company has also seen a 480% increase in customers using three or more of its products, with major enterprise clients including LEGO, Puma, Klarna, Capgemini, and Pepsi.
Deel CEO Alex Bouaziz said, “We’re proud to welcome some of the world’s best investors as partners in this next chapter for Deel. 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.”
Ribbit Capital founder Micky Malka said, “We have been fans of Deel for a long time, it’s a brand companies trust and we’re excited to invest. Deel – itself a fully remote, global company with employees in over 100 countries – is uniquely positioned to build products for global expansion. The company and its leadership have a limitless opportunity ahead of them.”
Andreessen Horowitz cofounder Ben Horowitz said, “Since our first investment into Deel in 2020, we’ve been blown away by the Deel team’s pursuit of building the best HR platform to offer access to employment opportunities and financial services for the global workforce. Deel’s continued progress is a testament to how essential their infrastructure has become to customers everywhere, and we are thrilled to co-lead this latest round.”
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