What is Deel?
Global payroll, HR, compliance, and workforce-management platform for hiring and paying teams in 150+ countries.
- Category
- Global payroll and HR
- Headquarters
- Distributed global company
- Founded
- 2019
- Employees
- 7,500 reported
- Total funding
- $900M+ reported
- Valuation
- $17.3B (2025 Series E)
What is Deel?
Deel is a global payroll, HR, compliance, and workforce-management platform that helps companies hire, pay, manage, and support employees and contractors in more than 150 countries. It combines employer-of-record services, contractor management, global payroll, HRIS, immigration, benefits, IT, and embedded workforce APIs.
Deel was founded in 2019 by Alex Bouaziz and Shuo Wang after the founders experienced the difficulty of hiring internationally. The company grew with remote and international hiring demand, then expanded through owned entities, payroll infrastructure, acquisitions, and broader HR products. Deel says it serves more than 40,000 customers, processes more than $20 billion in global payroll, and operates across 150+ countries.
Public scale signals are unusually strong for a private company. Deel announced a $300 million Series E in October 2025 at a $17.3 billion valuation, co-led by Ribbit Capital, Andreessen Horowitz, and Coatue. 2026 interviews and reporting cite $1.4 billion-plus ARR, while 2025 company and press materials reported it had surpassed a $1 billion run rate and remained profitable.
Sources:Deel homepageDeel Series E
What does Deel offer?
Deel offers global payroll, employer of record, contractor management, PEO, HRIS, IT, benefits, immigration, and embedded workforce infrastructure.
- Employer of Record· Employment
- Contractor management· Contractors
- Contractor of Record· Compliance
- Global payroll· Payroll
- US PEO· Employment
- Deel HR / HRIS· HR
- Deel IT· IT
- Deel Mobility· Immigration
Sources:Deel platformDeel pricing
How does Deel make money?
Deel makes money from per-worker and per-employee subscriptions, EOR and payroll services, compliance products, HR/IT add-ons, payments, FX, benefits, and enterprise workforce infrastructure.
Deel publishes starting prices for core products. Contractor management starts at $49 per contractor per month; EOR is widely listed from $599 per employee per month; US PEO starts at $125 per employee per month; global payroll and other modules may be priced separately or custom depending on country, worker type, services, benefits, and volume. Deel's pricing page also routes more complex products to sales.
The company benefits from multi-product expansion. A customer can start with contractors, add EOR employees, then expand into payroll, HRIS, IT, immigration, benefits, and embedded APIs. Growth is driven by more customers, more workers on platform, more countries, owned entities, payroll volume, enterprise adoption, product bundling, and high retention in global workforce operations.
Sources:Deel pricingDeel help - cost
Who leads Deel?
Deel is led by co-founder and CEO Alex Bouaziz, with co-founder and CRO Shuo Wang and a broad executive team across revenue, payroll, compliance, product, finance, legal, and operations.
- Alex BouazizCo-founder & CEOCo-founder, since 2019Leads Deel's global payroll and workforce infrastructure strategy.
- Shuo WangCo-founder & Chief Revenue OfficerCo-founder, since 2019Key commercial leader and co-founder behind Deel's international GTM expansion.
- Dan WestgarthChief Operating OfficerExecutive teamOperator associated with Deel's country, payroll, and global infrastructure scale-up.
- Ofer SimonCo-founderCo-founder, since 2019Listed among Deel's founding team in public profiles.
How do you contact Deel's leadership?
Deel publishes sales, demo, support, and press/contact routes rather than verified personal executive emails. Use official contact paths and expect enterprise procurement for large deals.
sales/support/contact routes published; personal format not verifiedSources:Deel contactDeel support
How much funding has Deel raised?
Deel has raised more than $900 million in reported primary and secondary financing and was valued at $17.3 billion in its October 2025 Series E.
Deel raised a $14 million Series A led by Andreessen Horowitz in 2020, a $48 million Series B led by Spark Capital, a $156 million Series C in 2021, and a $425 million Series D in October 2021. In 2022, it added $50 million at a $12 billion valuation, and in early 2025 it completed a $300 million secondary transaction that added General Catalyst to the cap table while reporting an $800 million run rate.
In October 2025, Deel announced a $300 million Series E at a $17.3 billion valuation, with Ribbit Capital newly co-leading alongside Andreessen Horowitz and Coatue. Other participants included General Catalyst and Green Bay Ventures. Some totals vary depending on whether secondaries are counted; for a sales signal, the important facts are a large profitable revenue base, a $17.3 billion valuation, and continuing a16z backing.
How did Deel get here?
Deel scaled from a YC payroll startup into one of the highest-valued private HR infrastructure companies.
- 2019Founded and YCAlex Bouaziz and Shuo Wang launch Deel after participating in Y Combinator.
- May 2020$14M Series AAndreessen Horowitz leads early funding.
- 2021Unicorn and Series DDeel raises $156M Series C, then $425M Series D as global hiring demand surges.
- 2022$12B valuationDeel adds $50M and is valued at $12B.
- 2025$1B+ run rateDeel reports surpassing a $1B annual run rate and continuing profitability.
- Oct 2025$300M Series E at $17.3BRibbit, a16z, and Coatue co-lead new funding.
Sources:Deel Series EDeel about
Who are Deel's competitors?
Deel competes with global payroll, EOR, HRIS, PEO, and workforce management platforms.
- RemoteGlobal EOR, contractor, payroll, and HR platform with owned-entity strategy.
- Papaya GlobalGlobal payroll and workforce payments platform for multinational teams.
- RipplingHR, IT, payroll, and workforce platform expanding globally and competing in payroll/HRIS.
- OysterGlobal employment platform for hiring, payroll, and compliance across countries.
- MultiplierEOR and global payroll platform for distributed teams.
Sources:DeelDeel pricing
Deel — frequently asked questions
