Overview

• Ribbit Capital and Andreessen Horowitz co-led the Series E, with participation from existing backers including Coatue Management and General Catalyst.
• Deel said it has been profitable for three years, surpassed $1 billion in ARR, and recorded its first $100 million revenue month in September, with EBITDA of roughly $15 million to $17 million.
• The company reports serving more than 35,000 businesses and 1.5 million workers across 150+ countries and processing about $22 billion in payroll annually.
• Use of proceeds centers on strategic acquisitions and expanding owned payroll infrastructure, with a stated goal of delivering native payroll in 100+ countries by 2029.
• Legal disputes with rival Rippling continue in discovery, yet investors backed the round; Rippling earlier raised $450 million at a $16.8 billion valuation, and Deel recently bought London-based Omnipresent in a deal reported at about $15 million.