Deel secures significant $300 million from new investors

Deel has announced new anchor investors and reported significant financial growth with a run-rate of $800 million, marking a 70% increase year-over-year.

The payroll and HR company has secured close to $300 million from new anchor investors, including General Catalyst and a sovereign investor. This investment involves the purchase of Deel secondaries from early stakeholders, indicating strong investor confidence in Deel's trajectory.

The announcement highlights Deel's substantial financial growth since its inception, with the business remaining profitable for over two years. Since graduating from Y Combinator in 2019, Deel has expanded from offering two hiring solutions to providing a comprehensive suite of products designed for global workforce management.

Jeannette zu Fürstenberg, Managing Director of General Catalyst and Founding Partner of La Famiglia, expressed support for Deel's vision. "We are proud to deepen our investment in Deel, a transformative platform that empowers global workforce enablement and drives economic growth around the world. What began as a seed investment at La Famiglia has grown into a business that aligns perfectly with the GC Famiglia ethos - helping more people get hired and businesses grow faster. Deel's focus on enabling large enterprises to navigate the complexities of a global workforce fits well with our mission to back bold ideas that create enduring value," she stated.

Deel's expansion strategy has also been supported by strategic additions to its board. Francis deSouza, former CEO of Illumina and former board member of the Walt Disney Corporation, and Todd Ford, joint President and CFO at Coupa Software, joined as independent board members last year.

Co-founder and CEO of Deel, Alex Bouaziz, remarked on the company's achievements in 2024, "2024 was a remarkable year in terms of business and infrastructure growth, plus product innovation. We're gearing up for an even bigger 2025. We look forward to working with new anchor investors to continue our momentum in the years ahead."

Deel is the all-in-one payroll and HR platform for global teams. Built for the way the world works today, Deel combines HRIS, payroll, compliance, benefits, performance, IT asset equipment management into one seamless platform. With AI-powered tools and a fully owned payroll infrastructure, Deel supports every worker type in 120+ countries - helping businesses scale smarter, faster, and more compliantly.

General Catalyst is a global investment and transformation company that partners with the world's most ambitious entrepreneurs to drive resilience and applied AI. The company supports founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond. General Catalyst has supported the growth of 800+ businesses, including Airbnb, Anduril, Applied Intuition, Commure, Glean, Guild, Gusto, Helsing, Hubspot, Kayak, Livongo, Mistral, Ramp, Samsara, Snap, Stripe, Sword, and Zepto.