Acquisition
Mar 2024Acquired PaySpace, an African payroll and HR provider, adding 45 payroll engines and expanding regional coverage; financial terms were not disclosed.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Overview
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
Human Resources Services / HR technology
Sub-industry
Global payroll, Employer of Record, workforce management, HRIS, and fintech infrastructure
Business model
B2B SaaS and subscription fees
Per-worker monthly fees for contractor and EOR services
Payroll and compliance services
Immigration/mobility services
IT, equipment, and software-management services
Enterprise/global payroll contracts
Funding
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)
People & investors
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
Alexis Ohanian
Altimeter Capital
Andreessen Horowitz
Coatue Management
Dara Khosrowshahi
DST Global
Emerson Collective
General Catalyst
Green Bay Ventures
Jeffrey Katzenberg
Lachy Groom
Lucas Swisher
Mubadala
Nat Friedman
Neo
Neo (neo.vc)
Ribbit Capital
Ryan Petersen
S32
Spark Capital
SV Angel
William Hockey
Y Combinator
Y Combinator / YC Continuity
Work & culture
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.
Product & market
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
- —Broad coverage of contractors, EOR employees, entities, and direct employees in one system
- —Owned entities, payroll infrastructure, and local compliance capabilities
- —150+ country and currency coverage with in-house local experts
- —Expansion from contractor payments into full-stack HR, payroll, mobility, and IT
- —AI-assisted automation layered over payroll and workforce data
- —Remote-first operating model aligned with its global-work product
Technology
AI-powered workflow automation
Generative AI and rule-based systems
In-house payroll engines and owned infrastructure
Compliance rules and local regulatory logic
Payroll across 150+ currencies, including crypto/stablecoin rails
HRIS and workforce data platform
Device, software provisioning, and identity-management integrations
Customers
Shopify
Nike
Klarna
Coinbase
Uber
Reddit
Cloudflare
Hermès
Dropbox
Puma
LinkedIn
Verizon
Ericsson
Instacart
DICE
Competitors
Rippling
Remote
Papaya Global
Oyster
Globalization Partners
Velocity Global
Gusto
ADP
Paychex
Multiplier
Scale & contact
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.
Signals & risks
Acquisition
Jul 2024Acquired 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.
SourceAcquisition
Aug 2025Acquired Safeguard Global’s payroll division, bringing enterprise payroll expertise and hundreds of payroll specialists into Deel.
SourceAcquisition
Sep 2025Acquired German people-development platform Zavvy; the teams joined Deel and the product was integrated into Deel HR.
SourceAcquisition
Jun 2026Acquired Sastrify to extend Deel IT into SaaS procurement, software-license management, renewal tracking, and spend optimization.
SourceOther
Mar 2025Rippling filed litigation alleging that Deel orchestrated a corporate-espionage scheme involving a former Rippling employee. Deel denied wrongdoing and countersued; allegations remain disputed.
SourceOther
Jan 2026Media 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.
SourceLatest news
Enterprise 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).
Jobs and careers at Deel
0 jobs at Deel
No open positions
Check back later for new openings