Deel has raised $300 million in Series E funding led by Ribbit Capital, with continued backing from Andreessen Horowitz, Coatue Management, General Catalyst, and others. The new investment values Deel at $17.3 billion and follows a period of strong financial performance, including its third consecutive year of profitability and crossing $1 billion in annual recurring revenue. The company processes over $22 billion in payroll annually across more than 150 countries.
CEO Alex Bouaziz said, “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.”
The fresh capital will support Deel’s strategic acquisitions, the development of native payroll capabilities in over 100 countries by 2029, and increased investment in AI automation. Growth has surged across multiple product lines, including 1,500% growth in U.S. payroll and 600% in HR solutions. New enterprise customers such as LEGO, Capgemini, and Pepsi highlight Deel’s growing influence.
Investor Micky Malka of Ribbit Capital remarked, “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.” Ben Horowitz, Co-Founder of Andreessen Horowitz, said Deel’s growth shows its crucial role for customers and shared excitement about co-leading the new funding round.