Global HR and payroll powerhouse Deel announced Thursday that it has skyrocketed to a $17.3 billion valuation after securing $300 million in new funding—fuel for its bold plan to reshape how companies hire, manage, and pay their global teams.
Advised by Orrick Herrington & Sutcliffe LLP, Deel said the Series E round will accelerate its acquisition strategy and expand its product portfolio as it races toward building a truly borderless payroll infrastructure.
The company plans to use the infusion to strengthen its proprietary systems, aiming to deliver native payroll operations in over 100 countries by 2029. Deel also intends to invest heavily in artificial intelligence, enabling next-generation automation and real-time global compliance.
“Reimagining Payroll for the Next Century”
“This round is about doubling down on the global payroll infrastructure we’ve built from the ground up,” said Alex Bouaziz, Deel’s co-founder and CEO. “We’re reimagining how payroll should work for the next century — fluid, real-time, and truly borderless.”
Bouaziz emphasized that Deel’s mission is to become the single platform where companies can build, manage, and pay teams anywhere in the world — a vision increasingly relevant in the age of remote work and decentralized employment.
The funding milestone comes shortly after Deel celebrated three consecutive years of profitability and surpassed $1 billion in annual revenue for the first time, according to the company’s statement.
