Deel, the global human resources and payroll platform has bagged funds worth $300 million from Ribbit Capital, a new investor, in a series E funding, along with long-time partners Andreessen Horowitz and Coatue Management, as well as General Catalyst, Green Bay Ventures. The platform’s valuation now stands at $17.3 billion.
The funds will be used to accelerate strategic acquisitions that expand its product capabilities and global reach. The company will also invest in the continued strategic buildout of its owned systems and operations, paving the way to deliver native payroll in 100+ countries by 2029. It will use the fresh capital for AI innovation too, enabling enhancement of automation across its HR and payroll suite and attract top-tier AI talent.
According to 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.”
The all-in-one payroll and HR platform for global teams had crossed $1 billion in annual recurring revenue earlier this year. The platform now serves over 37,000 businesses and 1.5 million workers across over countries, processing $22 billion in payroll annually.
The year has been witness to record performance by the platform, with September 2025 experiencing the third consecutive year of profitability and its first $100 million revenue month.
