What is Deel?
Global HR, payroll, EOR and compliance platform for international teams.
- Category
- Global HR and payroll
- Headquarters
- San Francisco, CA / distributed
- Founded
- 2019
- Employees
- ~7,500
- Total funding
- ~$650M+
- Valuation or Status
- ~$12B private valuation reported in 2025; IPO candidate
What is Deel?
Deel is a global hr and payroll company. Global HR, payroll, EOR and compliance platform for international teams.
Deel sells into teams that need contractor management, employer of record, global payroll and related workflows. Deel announced a $1B annual revenue run rate in 2025 and 75% global revenue growth. Deel reports 40,000+ supported businesses, 650,000+ workers hired and more than $17B-$20B in processed payments/payroll.
The company is positioned around a focused operating wedge rather than a generic software suite: Contractor management, Employer of Record, Global payroll, US PEO, Deel HR, Deel IT. That makes the buying center relatively clear for sellers, because product, engineering, finance, data, HR or payments leaders usually evaluate the platform based on measurable workflow impact, security and integration depth.
As of June 2026, the most durable facts are its 2019 founding date, San Francisco, CA / distributed headquarters/operating hub, ~7,500 employee scale and ~$12B private valuation reported in 2025; IPO candidate. Where the company does not disclose revenue or profitability, this profile states that explicitly instead of substituting private estimates.
Sources:Deel pricingDeel about
What does Deel offer?
Deel offers Contractor management, Employer of Record, Global payroll, US PEO and adjacent platform capabilities.
- Contractor management· Product
- Employer of Record· Product
- Global payroll· Product
- US PEO· Product
- Deel HR· Product
- Deel IT· Product
- Benefits· Product
- Mobility· Product
Sources:Deel pricingDeel about
How does Deel make money?
Deel makes money through deel lists contractor management from $49/contractor/month, contractor of record from $325/contractor/month, us peo from $125/employee/month, eor from $599/employee/month and talent tools from $1/worker/month.
Deel lists contractor management from $49/contractor/month, Contractor of Record from $325/contractor/month, US PEO from $125/employee/month, EOR from $599/employee/month and talent tools from $1/worker/month. Larger global payroll, HRIS, IT, benefits and enterprise packages are quoted.
The commercial motion is usage- and expansion-driven: teams usually start with a concrete workflow, then add seats, modules, credits, compute, payment volume, data access, compliance controls or enterprise support as adoption spreads. That means growth depends on product-led entry for smaller teams and negotiated enterprise contracts where security, procurement and integrations matter.
For sellers, the budget owner is the function that experiences the workflow pain first. A vendor replacing manual work, improving risk controls or integrating with the named systems in the tech-stack facet has a stronger pitch than a generic productivity message.
Sources:Deel pricingDeel about
Who leads Deel?
Deel is led by Alex Bouaziz (Co-founder and CEO) and Shuo Wang (Co-founder and CRO).
- Alex BouazizCo-founder and CEOCo-founder - since 2019MIT-trained founder and public face of Deel.
- Shuo WangCo-founder and CROCo-founder - since 2019Scaled Deel revenue from early ARR to global enterprise adoption.
- Ofer SimonCo-founderCo-founderEarly co-founder involved in building the global payroll and compliance platform.
How do you contact Deel's leadership?
Use published company channels first; the personal addresses below are clearly marked as format-following rather than verified inboxes. The observed/presumed pattern for this profile is format-following, not verified: first.last@deel.com.
format-following, not verified: first.last@deel.comSources:Deel pricingDeel about
How much funding has Deel raised?
Deel has ~$650M+, with status: ~$12B private valuation reported in 2025; IPO candidate.
Major disclosed financing events: 2019: Seed/YC - early amount not fully disclosed - Deel began as a Y Combinator company focused on global contractor hiring. May 2020: Series A - $14M - Led by Andreessen Horowitz as remote hiring accelerated. Sep 2020: Series B - $30M - Led by Spark Capital. Apr 2021: Series C - $156M - Led by Y Combinator Continuity at a reported $1.25B valuation. Oct 2021: Series D - $425M - Led by Coatue at a reported $5.5B valuation. 2022: Series D extension - $50M - Reported extension valued Deel around $12B.
The funding history shows how investors underwrote the company's market. Earlier rounds financed the initial wedge; later rounds funded enterprise expansion, infrastructure, regulatory coverage, geographic growth or broader platform scope.
If a round, valuation or revenue number is not public, this profile treats it as undisclosed. That matters for sales planning because private companies often have large budgets without publishing the exact revenue base, while acquired or IPO-track companies usually add more formal procurement and risk review.
How did Deel get here?
Deel's path runs from founding through product expansion, major financing and its current June 2026 status.
- 2019Founded after MITAlex Bouaziz and Shuo Wang start Deel to remove hiring borders.
- 2020Remote work surgeDeel raises Series A and B as global hiring demand accelerates.
- 2021Unicorn and mega-roundDeel reaches unicorn status and later raises $425M Series D.
- 2022Valuation reaches ~$12BA Series D extension keeps Deel in late-stage private fintech/HR tech ranks.
- 2025$1B run rate announcedDeel reports $1B revenue run rate and continued global growth.
- 2026IPO candidatePublic reporting frames Deel as preparing for a possible IPO window.
Sources:Deel pricingDeel about
Who are Deel's competitors?
Deel competes with Rippling, Remote, Gusto, Papaya Global and adjacent platform vendors.
- RipplingAll-in-one workforce platform spanning HR, IT, payroll and finance.
- RemoteGlobal EOR, contractor and payroll platform.
- GustoUS payroll and HR platform expanding into contractor workflows.
- Papaya GlobalGlobal payroll and workforce payments platform.
- MultiplierInternational employment and payroll platform.
Sources:Deel pricingDeel about
Deel — frequently asked questions
