Did you hear? Deel, the global HR and payroll platform that helps global businesses manage their international workforce, has raised a $300M Series E, pushing their valuation to $17.3B!

Investor check. Ribbit Capital, Andreessen Horowitz, Coatue Management, General Catalyst, Green Bay Ventures, and more joined the round. 

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👩🏼‍💻 A big Deel

The investment comes after a year of growth from Deel.

They’ve reportedly generated over $1B in annual recurring revenue (ARR) and claim to have achieved profitability in the last 3 years. 

• They also saw a 450% growth in global payroll and recently onboarded new enterprise clients like Lego, Klarna, FedEx, Fidelity, and more!
• Deel now serves 37K businesses and 1.5M workers across 150+ countries, including SEA, processing $22B in payroll annually.

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What they do. Deel allows companies to recruit, onboard, and manage their global talent easily.

• They combine HRIS, payroll, compliance, benefits, performance, device management, and more in one platform. 

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🖊️ What’s next?

They’ll use the $$$ to accelerate strategic acquisitions that expand their product capabilities and global reach. 

• They’ll also invest in AI to attract AI talent.
• Plus, they’ll continue building their owned systems and operations so they can deliver native payroll in over 100 countries by 2029.