Friday, October 17, 2025

Deel Raises $300 Million in Series E to Redefine Global Payroll Infrastructure

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Deel, the global HR and payroll platform, has raised $300 million in Series E from Ribbit Capital, with long-term backers Andreessen Horowitz and Coatue Management, and General Catalyst and Green Bay Ventures joining. The funding values Deel at $17.3 billion after a record year with three years of back-to-back profitability, its initial month with over $100 million in revenue, and consistently over $1 billion in annual recurring revenue. Currently serving 37,000+ companies and 1.5 million employees in 150+ countries, Deel pays out $22 billion in payroll each year.

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“We’re proud to welcome some of the world’s best investors as partners in this next chapter for Deel,” said Alex Bouaziz, Co-founder and CEO, Deel. “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.” Deel plans to use the capital to drive strategic acquisitions, expand native payroll to 100+ countries by 2029, and enhance AI-powered automation across its HR suite, solidifying its position as a cornerstone of global workforce management.

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