Deel, a New York-based global HR and payroll platform, has raised $300 million in Series E funding, valuing the company at $17.3 billion.
Investors
The round was led by Ribbit Capital, with continued participation from Andreessen Horowitz, Coatue Management, General Catalyst, and Green Bay Ventures.
Ribbit Capital is a venture capital firm founded in 2012 and based in Palo Alto, California. It specializes in investing in early- and growth-stage companies focused on financial technology, cryptocurrency, and broader financial services innovation.
Deel Use of Funds
The company will use the new capital to drive strategic acquisitions, expand its global payroll infrastructure, invest in AI innovation, and continue developing native payroll systems in over 100 countries.
About Deel
Founded by Alex Bouaziz and Shuo Wang, Deel is an all-in-one global HR and payroll platform that manages workforce data across payroll, HR, performance, and compliance for global teams. The platform unifies HRIS, payroll, compliance, benefits, performance, and device management into a single system. Serving more than 37,000 businesses and 1.5 million workers in over 150 countries, Deel’s mission is to be the all-in-one platform where companies can hire, manage, and pay their teams anywhere in the world.
Funding Details
Company: Deel, Inc.
Raised: $300.0M
Round: Series E
Funding Date: October 2025
Lead Investor: Ribbit Capital
Additional Investors: Andreessen Horowitz, Coatue Management, General Catalyst, Green Bay Ventures
Company Website: https://www.deel.com/
Software Category: HR & Payroll / Global Workforce Management
Source: https://www.businesswire.com/news/home/20251016949787/en/