# Deel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deel

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.deel.com
- Total disclosed funding: $965M
- Latest round: Series E (Oct 16, 2025)
- Investors on record: 14

## About

Founded in 2019 and based in San Francisco, CA, Deel, Inc. specializes in payroll and HR solutions, facilitating global employment for businesses by streamlining compliance and contractor management. The platform integrates services such as payroll management, compliance tracking, contractor management, and employee onboarding, all tailored to streamline the complexities of international hiring. With capabilities to onboard and manage employees and contractors in over 130 countries, Deel effectively addresses the challenges businesses face when expanding their workforce globally without establishing legal entities in foreign markets. Their solutions are particularly beneficial to a diverse client base that ranges from startups to large enterprises, enabling them to attract top talent by providing competitive benefits and automating payroll processes. The platform operates in major markets including North America, Europe, and parts of Asia, allowing companies to efficiently manage their global workforce. Deel's revenue model primarily revolves around subscription-based services, where clients engage with the platform for access to its various payroll and HR functionalities. The company offers several pricing plans that cater to different business needs, particularly in the realm of Professional Employer Organization (PEO) services, which allow clients to outsource their HR and compliance responsibilities for a fee. For example, clients may engage in contracts that provide the first two months free on one-year agreements and three months free for contracts extending beyond two years. This structure facilitates ongoing partnerships with organizations needing robust HR solutions while ensuring ongoing revenue through monthly subscription fees tied to the services utilized. Deel's focus on operational efficiency and compliance ensures that clients experience seamless transactions and management of their global workforce. In October 2025, Deel, Inc. raised USD 300 million in series E funding from Ribbit Capital, Andreessen Horowitz, Coatue Management, General Catalyst, Green Bay Ventures, and other unspecified investors. The company will use the October 2025 funding to accelerate strategic acquisitions, expand product capabilities, and invest in global payroll infrastructure and AI innovation.

## Funding rounds

- Series E, Oct 16, 2025, $300M — General Catalyst Partners, Andreessen Horowitz, Coatue Management, Ribbit Capital, Green Bay Ventures
- Series D, Apr 29, 2022, $28M — Spark Capital, Andreessen Horowitz, Y Combinator, Emerson Collective
- Series D, Sep 14, 2021, $429M — Spark Capital, Andreessen Horowitz, Coatue Management, Y Combinator, Altimeter Capital, Green Bay Ventures, Neo Ventures
- Series C, Mar 30, 2021, $156M — Spark Capital, Andreessen Horowitz, Y Combinator
- Series B, Aug 27, 2020, $30M — Spark Capital, Y Combinator
- Series A, May 19, 2020, $19M — Andreessen Horowitz
- Seed, Jun 1, 2019, $3.9M — Soma Capital Management, La Famiglia, Weekend Fund, Quiet Capital

## Investors

- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed
- Weekend Fund (https://capitalatlas.ai/funds/weekend-fund) — Seed
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series C, Series D, Series E
- Spark Capital — Series B, Series C, Series D
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B, Series C, Series D
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series D, Series E
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series D
- Green Bay Ventures (https://capitalatlas.ai/funds/green-bay-ventures) — Series D, Series E
- Neo Ventures — Series D
- Emerson Collective — Series D
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series E
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series E