Expanding a Global Footprint
Deel currently serves over 37,000 businesses and 1.5 million workers worldwide, processing an eye-popping $22 billion in payroll annually. Its roster of clients includes major global brands such as Lego, Puma, FedEx, Novo Nordisk, Fidelity, and Pepsi.
The Series E funding was spearheaded by Ribbit Capital, with continued backing from existing investors Andreessen Horowitz and Coatue Management. Other participants included General Catalyst and Green Bay Ventures.
“We’ve been fans of Deel for a long time,” said Micky Malka, founder of Ribbit Capital. “As a global company with employees in over 100 countries, Deel is uniquely positioned to build products that enable worldwide expansion. The opportunity ahead is limitless.”
Legal and Strategic Counsel
Deel’s legal guidance for the transaction came from Orrick partner Josh Pollick, leading the team through the high-stakes funding round.
With this latest cash injection and a valuation that cements its position as one of Silicon Valley’s most valuable private startups, Deel is sprinting ahead in the race to redefine how work—and pay—flows across borders.
