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.

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“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, 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 accelerate strategic acquisitions that expand its product capabilities and global reach. The company will also invest heavily in the continued strategic buildout of its owned systems and operations, paving the way to deliver native payroll in 100+ countries by 2029, and AI innovation, enabling Deel to enhance automation across its HR and payroll suite and attract top-tier AI talent.