Deel has raised $300 million in a Series E funding round, bringing its valuation to $17.3 billion. The round was led by Ribbit Capital and Andreessen Horowitz, with participation from Coatue Management and General Catalyst.
The company has been profitable for three years and has recently surpassed $1 billion in annual recurring revenue. In September 2025, it recorded $100 million in revenue in a single month. CEO Alex Bouaziz said, “We have been profitable for three years … revenue crossed $100M for the first time in September.”
Earlier this year, Deel’s valuation was about $12.6 billion. The new funding allows the company to continue its operations across multiple countries. Deel provides services for global payroll, compliance, and human resources, helping businesses manage teams in multiple jurisdictions.
Payroll Without Borders
Deel helps companies manage payroll, HR, and compliance for international workforces. It acts as the employer-of-record for clients in countries where they do not have legal entities. Deel handles employment contracts, benefits, tax obligations, and local regulatory requirements.
The platform processes payments for more than 1.5 million workers in over 150 countries and serves more than 35,000 clients. It provides contractor management tools and ensures compliance with local labor and tax rules. In early 2025, Deel reported 75 percent year-over-year growth and an EBITDA margin near 16 percent.
Deel has acquired international payroll units, including the payroll division of Safeguard Global, to expand its service coverage and simplify operations.
The company is also involved in litigation with competitor Rippling, which alleges corporate espionage. A former Rippling employee reportedly admitted to sharing internal information with Deel. Deel has denied wrongdoing and filed counterclaims. Investor support has continued despite the ongoing legal matters.
Deel has consistently achieved profitability for three years and exceeded $1 billion in annual recurring revenue. Its September 2025 revenue of $100 million was the first month it reached that level.
CEO Alex Bouaziz said, “Revenue crossed $100M for the first time in September,” noting the company’s ability to manage a growing workforce across multiple countries. Deel has maintained consistent EBITDA margins while scaling its infrastructure and staffing to handle payroll, compliance, and HR needs worldwide.
Funding for Expansion
Deel will use the $300 million to support global operations, improve infrastructure, and scale in existing and new markets.
The company also plans acquisitions to extend its payroll and compliance services, following the Safeguard Global purchase earlier this year.
Bouaziz said the funding will support operational efficiency and coverage, allowing Deel to maintain profitability while handling payroll, HR, and compliance for clients in more than 150 countries.
