Deel is a payroll platform dedicated to supporting and hiring remote workers globally.
Deel is the first payroll platform for remote teams that connects localized compliance and payments in one system of record and automates everything.
Deel was founded in 2018 by Alex Bouaziz and Shuo Wang. The company is headquartered in San Francisco, California.
Deel’s technology offers unmatched payroll, HR, compliance, perks, benefits, and other capabilities needed to hire and manage a global team—something businesses would have required an entire in-house team to take care of prior.
Deel can complete payroll in more than 120 currencies and has partnered with more than 250 labor law and accounting experts to create and deliver a library of localized contract templates that can be used to legally onboard international employees, in minutes.
Deel serves more than 4,500 customers worldwide from names like Coinbase, Intercom and Shopify. Using a tech-enabled self-serve process, Deel’s customers can hire independent contractors and full-time employees in over 150 countries, compliantly and in minutes.
Deel is backed by Andreessen Horowitz, Coatue, Spark Capital, Altimeter Capital, Greenbay Ventures, YC Continuity Fund, Emerson Collective, GFC, and others. The company raised $50M in new round on May 11, 2022. This brings Deel's total funding to $679M to date. The latest round more than doubled the company's valuation to $12B post-money. Deel was last valued at $5.5B from a Series D round raised in Oct 2021.