Acquired PaySpace, an African payroll and HR provider, adding 45 payroll engines and expanding regional coverage; financial terms were not disclosed.
SourcePublic company, workplace, funding, and market signals
Updated Aug 2, 2026
Deel is a privately held global HR and payroll platform founded in 2019. It helps companies hire, onboard, employ, pay, manage, and support employees and contractors across borders, combining payroll, Employer of Record (EOR), HRIS, compliance, benefits, immigration/mobility, performance, and IT/device management in one platform. Deel reports 40,000+ customers and support in 150+ countries.
Primary product
An all-in-one global workforce platform covering global and local payroll, EOR and contractor hiring, HRIS, compliance, benefits, immigration/mobility, performance management, and IT/equipment management.
Founded
2019
Headquarters
San Francisco, California, United States (corporate base; Deel describes its operating model as having no permanent offices).
Team size
7,000-7,500 globally; public sources vary by date.
Work style
Remote
Industry
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Human Resources Services / HR technology
Sub-industry
Global payroll, Employer of Record, workforce management, HRIS, and fintech infrastructure
Business model
Stage
Private, late-stage Series E; IPO preparation has been reported but Deel remains privately held.
Total raised
$1.3B
Latest round
Series E · Oct 2025
Latest amount
$300M
Series E [Deel blog](https://www.deel.com/blog/new-investment-valuation)
Oct 2025 · Ribbit Capital [Ribbit Capital](https://ribbitcap.com)
Oct 2025 · Ribbit Capital, Andreessen Horowitz, and Coatue Management
Feb 2025 · General Catalyst and Mubadala
Dec 2024
Dec 2024 · Not specified in public reporting
May 2022 · Emerson Collective [Emerson Collective](https://www.emersoncollective.com)
Apr 2022 · Emerson Collective
Sep 2021 · Coatue [Coatue](https://coatue.com)
Sep 2021 · Coatue Management
Mar 2021 · Y Combinator / YC Continuity
Series C [PitchBook / reporting aggregated](https://pitchbook.com/profiles/company/266258-80)
Mar 2021 · Andreessen Horowitz (participant) [a16z](https://a16z.com)
Aug 2020 · Spark Capital [Spark Capital](https://sparkcapital.com)
Aug 2020 · Spark Capital
May 2020 · Andreessen Horowitz
May 2020 · Andreessen Horowitz [a16z](https://a16z.com)
Leadership
Co-founder and CEO
Co-founder and Chief Revenue Officer
President and Chief Financial Officer
Chief Operating Officer
Philippe Bouaziz
Executive Chairman and Chief Strategy Officer
Yaron Lavi
Chief Technology Officer
Harish Sharma
Chief Risk Officer
DeAnn Work
Global Corporate General Counsel
Anthony Rodriguez
Chief Compliance Officer
Founders
Co-Founder & Chief Revenue Officer [Deel Leadership](https://deel.com/leadership-team)
Investors
Deel describes a flat, work-from-anywhere organization emphasizing autonomy, speed, high accountability, customer focus, and a builder mentality. Careers materials explicitly caution that the pace is high and the environment is not designed around a stable, predictable work week.
Work style
Remote
Compensation
Public evidence supports role- and country-specific compensation rather than a single company-wide range. Deel’s product includes employer/EOR-sponsored visa and mobility services, but public evidence does not establish a universal visa-sponsorship policy for Deel employees.
Pricing
Per-worker and subscription pricing. Publicly reported starting signals include about $49 per contractor per month and about $599 per EOR employee per month; domestic payroll, performance, IT, and enterprise/global payroll pricing varies and often requires a quote. Deel also markets free Deel HR in some configurations.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $1.2B-$1.5B annualized revenue/ARR as of 2026; estimates vary. Deel publicly stated it exceeded $1B ARR in 2025, while Sacra estimated $1.4B annualized revenue in February 2026.
Acquired PaySpace, an African payroll and HR provider, adding 45 payroll engines and expanding regional coverage; financial terms were not disclosed.
SourceAcquired London-based IT equipment provider Hofy to build Deel IT; TechCrunch reported an estimated deal value above $100 million, while official terms were not disclosed.
SourceAcquired Safeguard Global’s payroll division, bringing enterprise payroll expertise and hundreds of payroll specialists into Deel.
SourceAcquired German people-development platform Zavvy; the teams joined Deel and the product was integrated into Deel HR.
SourceAcquired Sastrify to extend Deel IT into SaaS procurement, software-license management, renewal tracking, and spend optimization.
SourceRippling filed litigation alleging that Deel orchestrated a corporate-espionage scheme involving a former Rippling employee. Deel denied wrongdoing and countersued; allegations remain disputed.
SourceMedia reports said the U.S. Department of Justice had opened a criminal investigation related to the Rippling allegations; Deel said it was not aware of an investigation and would cooperate with valid inquiries. No criminal charge is established by the cited source.
SourceEnterprise Times · Jul 2026
Deel’s HR, payroll, EOR, and contractor solutions became available through Microsoft Marketplace, allowing eligible customers to purchase through Microsoft’s enterprise procurement channel.
Deel · Jun 2026
Deel acquired Sastrify to add SaaS procurement, software-license management, renewal tracking, and spend optimization to Deel IT.
The Jerusalem Post · Feb 2026
Coverage of Deel’s announcement of 'The Pitch' — a global startup competition with an investment pool exceeding $15M, regional finals and a global finale; partners and investor participants include major firms and ecosystems [The Jerusalem Post](https://www.jpost.com/business-and-innovation/article-887495).
TechCrunch · Jan 2026
TechCrunch reported on the continuing Rippling litigation and media reports of a possible DOJ investigation; Deel denied awareness of an investigation and denied wrongdoing.
Deel (official blog) · Oct 2025
Deel announces a $300M Series E and states growth metrics including surpassing $1B ARR, processing ~$22B in payroll annually, serving 35,000+ customers and 1.5M workers; the post reports a $17.3B valuation and plans to expand infrastructure and AI-powered payroll products [Deel blog](https://www.deel.com/blog/new-investment-valuation).