Deel joined the Unicorn Club on April 21, 2021. Headquartered in San Francisco, California, United States, Deel provides cloud-based HRMS solutions designed for modern enterprises. The platform handles compliance, payroll, remote workforce management, and onboarding. It also includes tools for attendance tracking, background checks, and employee engagement. Deel offers workspace and equipment management features, helping companies streamline global operations while staying compliant.
Keep reading to learn how Deel scaled from startup to a $17.3B HRTech giant in just two years.
What Is Deel and What Does It Do?
Founded in 2019, Deel is a global HRTech platform that simplifies hiring, onboarding, and managing employees and contractors across borders. It enables companies to hire internationally while handling payroll, benefits, taxes, and compliance in over 150 countries.
Deel’s software automates administrative HR processes, allowing teams to focus on talent management and growth. Its subscription-based model caters to organizations of all sizes, from startups to multinational enterprises.
How Much Funding Has Deel Raised?
- Series E Round
- Amount Raised: $300 million
- Date: October 16, 2025
- Purpose: Expand product suite and global compliance capabilities.
Total Funding Raised: $986 million
Latest Funding Date: October 16, 2025
Latest Known Valuation: $17.3 billion
Employee Count: 1,411 (as of Dec 31, 2022)
Key Investors
- Altimeter Capital
- Details: Growth-stage investment firm backing disruptive software and technology businesses.
- Focus Areas: SaaS, fintech, and HRTech.
- Madica
- Details: Early-stage investor supporting scalable and sustainable technology ventures.
- Focus Areas: Emerging markets, digital infrastructure, and HRTech.
Where Is Deel’s Headquarters?
Deel is headquartered in San Francisco, California, United States, with offices and operational hubs across major regions to support its global client base.
What’s Next for Deel?
Deel plans to expand its HRMS ecosystem with advanced compliance automation, AI-powered global payroll tools, and broader regional integrations. The company aims to cement its position as a leader in remote work and global employment infrastructure.
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