Deel, a leading platform in global HR and payroll, today announced the successful closing of a $300 million Series E funding round. The investment was led by new backer Ribbit Capital, alongside existing partners Andreessen Horowitz and Coatue Management, with additional support from General Catalyst, Green Bay Ventures, and others. This latest round values Deel at $17.3 billion.
The funding follows a record-breaking year for Deel, which marked its third consecutive year of profitability in September 2025, including its first $100 million revenue month. The company has surpassed $1 billion in annual recurring revenue and now serves over 37,000 businesses and 1.5 million employees in more than 150 countries, processing $22 billion in payroll annually.
Alex Bouaziz, Co-founder and CEO of Deel, stated, “We’re excited to welcome top-tier investors as partners for this next chapter. This funding enables us to expand the global payroll infrastructure we’ve built, making payroll more fluid, real-time, and borderless, while continuing our mission to provide a single platform where companies can hire, manage, and pay teams worldwide.”
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Deel plans to use the capital to fuel strategic acquisitions that expand product capabilities and global reach. Investments will also support the enhancement of its proprietary systems and operations, targeting native payroll availability in over 100 countries by 2029. Additionally, Deel aims to leverage AI innovations to enhance automation across its HR and payroll suite and attract top AI talent.
The company has experienced remarkable growth across multiple areas, including:
1,500% growth in U.S.-based products (PEO and payroll)
600% growth in HR-related solutions
450% growth in global payroll
220% growth in Deel Immigration services and 410% growth in Deel IT
480% increase in customers using three or more products and 1,200% increase in those using four or more
Recent enterprise clients such as LEGO, Puma, Virgin Media, Klarna, Capgemini, FedEx, Nubank, Palantir, Novo Nordisk, Fidelity, and Pepsi highlight Deel’s critical role as essential infrastructure for global workforces.
Micky Malka, Founder at Ribbit Capital, said, “Deel is a trusted brand uniquely positioned to help companies expand globally. With its fully remote workforce operating in over 100 countries, the company is well-positioned to deliver solutions for global expansion.”
Ben Horowitz, co-founder of Andreessen Horowitz, added, “Since our first investment in Deel in 2020, we’ve been impressed by the team’s dedication to creating a best-in-class HR platform. Deel’s continued growth demonstrates its importance in providing employment and financial services to a global workforce, and we are thrilled to co-lead this round.”
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