Deel Reaches $17.3B Valuation After $300M Round

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.