Deel, a leading global payroll and compliance platform, has successfully secured a $300 million Series E funding round, elevating its valuation to $17.3 billion. This round was co-led by prominent venture capital firms Ribbit Capital and Andreessen Horowitz, with additional participation from existing investors such as Coatue Management and General Catalyst.
Established in 2019, Deel has rapidly emerged as a pivotal solution for companies managing international teams. The platform simplifies the complexities associated with hiring, paying, and overseeing employees across various countries, addressing challenges related to currency fluctuations and diverse employment regulations. As of October 2025, Deel boasts a client base exceeding 35,000 companies and supports over 1.5 million workers in more than 150 countries.
Financially, Deel has demonstrated robust performance. The company reports profitability for the past three years and has surpassed $1 billion in annual recurring revenue (ARR). Notably, in September 2025, Deel achieved $100 million in revenue for that month alone.
The recent funding round underscores investor confidence in Deel’s business model and growth trajectory. Micky Malka, founder of Ribbit Capital, expressed long-standing admiration for Deel, highlighting its reputation as a trusted brand among companies. Similarly, Ben Horowitz, co-founder of Andreessen Horowitz, commended Deel’s efforts in building a premier HR platform tailored for global enterprises.
This substantial investment comes amidst ongoing legal proceedings between Deel and its competitor, Rippling. Both companies have filed lawsuits against each other over allegations related to corporate espionage. Despite these legal challenges, investor interest remains strong. In May 2025, Rippling secured a $450 million Series G funding round, valuing the company at $16.8 billion.
Deel’s consistent growth and strategic investments position it as a formidable player in the global HR and payroll solutions market. The recent funding is expected to further enhance Deel’s capabilities, enabling it to expand its services and solidify its presence in the industry.
