Industry News | Deel hits $17.3bn valuation after securing $300million in Series E funding

Deel, the leading global HR and payroll platform, has announced a $300m (£223.7m) strategic investment from new investor Ribbit Capital along with long-time Deel partners Andreessen Horowitz and Coatue Management with additional support from General Catalyst, Green Bay Ventures and more. Deel’s new valuation is $17.3 bn (£12.9bn).

The investment comes on the heels of what has been a record year of performance at Deel. September 2025 marked the company’s third straight year of profitability and its first $100 million revenue month. Earlier this year, the company surpassed $1 billion in annual recurring revenue. Deel now serves 37,000+ businesses and 1.5 million workers across 150+ countries, processing $22 billion in payroll annually.