Deel

About Deel

Financials

Dated, source-cited figures. Estimates are marked.

Products by Deel

All products by Deel reviewed by our AI panel of experts.

DeelAI HR & Recruiting

Hire, pay, and manage global teams from one platform

From $14/mo7.7/10

How Our Review Panel Scores Deel

Six independent reviewer personalities assessed Deel's product on their own terms. They disagreed by 3.8 points — The Skeptic was the hardest to convince, The Domain Strategist the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Deel competes with, and how they differ.

Rippling

Rippling unifies HR, IT device management, and finance on a single "employee graph" and competes with Deel head-on in global payroll and EOR; the two companies are currently opposing parties in an active corporate-espionage lawsuit (Rippling v. Deel, filed March 2025).

R

Remote

Remote owns its own legal entities and runs in-house payroll, legal and compliance teams in every market it operates in, rather than leaning on third-party EOR partners in some markets the way Deel has; it competes most directly on EOR and global payroll rather than Deel's broader HR-suite (equity, IT, HRIS) push.

P

Papaya Global

Papaya Global is built around global payroll orchestration and cross-border payments infrastructure first, competing with Deel's payroll product specifically rather than its full EOR-to-HRIS product line.

O

Oyster HR

Oyster targets small and mid-market distributed teams with a self-serve EOR product in 180+ countries, competing with Deel mainly on price and onboarding speed rather than the enterprise and IT-management features Deel has added through acquisitions (Zavvy, PaySpace, Hofy).

G

G-P (Globalization Partners)

G-P pioneered the EOR category and, like Deel, offers compliant global employment in 180+ countries, but has grown mainly through channel partnerships rather than Deel's acquisition-led expansion into payroll, IT and equity management.

Gusto

Gusto is a US-only payroll, benefits and HR platform for small businesses, overlapping with Deel's US payroll product but without Deel's international EOR and cross-border compliance layer.

Company Timeline

Key milestones in Deel's history, with sources.

1. Oct 16, 2025Funding

   Series E -- $300M at $17.3B valuation

   Deel raised a $300 million Series E led by Ribbit Capital and Andreessen Horowitz at a $17.3 billion valuation; the company said it had been profitable for three years and had surpassed $1 billion in ARR, serving 35,000+ customers.

   techcrunch.com
2. Mar 17, 2025Milestone

   Rippling sues Deel alleging corporate espionage

   Rippling filed a lawsuit alleging that an employee acted as a corporate spy for Deel, accessing confidential Slack channels; the complaint alleges racketeering, trade-secret misappropriation and related claims. Deel denied all legal wrongdoing and later filed a countersuit; the litigation was ongoing as of early 2026. These are allegations argued in active litigation, not adjudicated facts.

   techcrunch.com
3. Feb 4, 2025Milestone

   $300M secondary sale brings in General Catalyst and Mubadala

   General Catalyst and Abu Dhabi's Mubadala Investment Company purchased roughly $300 million of Deel shares from early investors in a secondary sale valuing the company at $12.6 billion; Deel disclosed an $800M annual revenue run rate for 2024, up 70% year-over-year.

   techcrunch.com
4. Jul 18, 2024Acquisition

   Acquired Hofy

   Deel acquired IT equipment-management startup Hofy, reportedly for over $100 million, to launch its own device-provisioning service ("Deel IT") for remote teams.

   techcrunch.com
5. Mar 5, 2024Acquisition

   Acquired PaySpace; said it crossed $500M ARR

   Deel acquired South Africa-based payroll provider PaySpace, its largest acquisition to date, expanding its payroll infrastructure from 4 to more than 50 payroll engines; separately, Deel said it had organically crossed $500 million in annual recurring revenue.

   techcrunch.com
6. Feb 28, 2024Acquisition

   Acquired Zavvy

   Deel acquired Munich-based AI-focused people-development platform Zavvy at a premium to its roughly $16 million prior valuation, as part of a product-consolidation strategy; Deel reported over $400M in ARR at the time.

   techcrunch.com
7. Jan 11, 2023Acquisition

   Acquired Capbase

   Deel acquired equity-management startup Capbase in a cash-and-stock deal, adding cap-table management and equity issuance to its product line; all 20 Capbase employees joined Deel.

   techcrunch.com
8. May 11, 2022Funding

   Raised $50M more at $12B valuation

   Deel raised an additional $50 million, more than doubling its valuation to $12 billion, with new investor Emerson Collective (Laurene Powell Jobs) joining existing backers Andreessen Horowitz, Spark Capital and Y Combinator; the company reported roughly $100M in ARR at the time.

   techcrunch.com
9. Oct 18, 2021Funding

   Series D -- $425M at $5.5B valuation

   Deel raised a $425 million Series D led by Coatue, valuing the company at $5.5 billion and bringing total equity raised to date to $631 million; customers by then included Coinbase, Dropbox and Shopify.

   techcrunch.com
10. Apr 21, 2021Funding

    Series C -- $156M at $1.25B valuation

    Deel raised a $156 million Series C led by YC Continuity Fund, reaching a $1.25 billion valuation after 20x revenue growth in 2020 and growing to over 1,800 business customers.

    techcrunch.com
11. Sep 9, 2020Funding

    Series B -- $30M led by Spark Capital

    Deel raised a $30 million Series B led by Spark Capital, bringing total funding to $48 million including a prior $14 million Series A led by Andreessen Horowitz.

    techcrunch.com
12. 2019Founded

    Founded by Alex Bouaziz and Shuo Wang through Y Combinator

    Deel was founded in 2019 by MIT graduates Alex Bouaziz (CEO) and Shuo Wang (CRO) to let companies hire and pay contractors and employees across borders; the company went through Y Combinator.

    deel.com