Deel raises US$300 million at a US$17.3 billion valuation to scale AI-powered automation and expand native payroll worldwide.
Global HR and payroll platform Deel raised US$300 million in Series E funding led by Ribbit Capital, with participation from Andreessen Horowitz and Coatue Management, alongside support from General Catalyst, Green Bay Ventures, and others. The round values Deel at US$17.3 billion and supports its strategy to advance AI-powered automation across its platform.
“We’re proud to welcome some of the world’s best investors as partners in this next chapter for Deel,” said Alex Bouaziz, Co-Founder and CEO of Deel. “This round is about doubling down on the global payroll infrastructure we’ve built from the ground up. We’re reimagining how payroll should work for the next century – fluid, real-time, and truly borderless – and continuing our mission to become the single platform where companies can build, manage, and pay their teams anywhere in the world.”
Deel will use the capital to advance AI innovation and enhance automation across its HR and payroll suite. The company will also continue to attract top-tier AI talent to strengthen its owned infrastructure and operations.
“We have been fans of Deel for a long time – it’s a brand companies trust, and we’re excited to invest,” said Micky Malka, Founder of Ribbit Capital. “Deel, itself a fully remote and global company with employees in over 100 countries, is uniquely positioned to build products for global expansion. The company and its leadership have a limitless opportunity ahead.”
“Since our first investment in Deel in 2020, we’ve been blown away by the team’s pursuit of building the best HR platform for global employment and financial access,” said Ben Horowitz, Co-Founder of Andreessen Horowitz. “Deel’s continued progress is a testament to how essential its infrastructure has become to customers worldwide, and we’re thrilled to co-lead this latest round.”
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