Deel achieves 800 million dollar run rate

Deel announces new anchor investors: General Catalyst and a state investor have secured 300 million dollars in secondary market shares. At the same time, the company continues to grow rapidly.

Berlin, February 5, 2025 - Deel, the leading global payroll and HR management company, has announced that it has reached an impressive $800 million run rate - a 70% year-on-year growth. At the same time, new major investors, including General Catalyst and a sovereign investor, have acquired nearly $300 million worth of secondary market shares from early Deel investors.

Long-term vision and sustainable profitability

The company, which has been profitable for over two years, is thus not only demonstrating impressive growth momentum, but also a long-term strategy that is supported by renowned investors. According to Jeannette zu Fürstenberg, Managing Director of General Catalyst, Deel is a transformative platform that helps companies worldwide to manage their workforce efficiently and grow faster.

2024 was a remarkable year for our growth and product innovation. With our new anchor investors and strong infrastructure, we are preparing for an even bigger 2025.

Alex Bouaziz, co-founder and CEO of Deel

From startup to global HR platform

Since joining Y Combinator in 2019, Deel has evolved from a simple remote hiring solution to a full-fledged HR platform. Today, Deel offers companies a one-stop shop for HRIS, payroll, compliance, benefits and performance management in over 150 countries.

Expansion of the management team

To reach the next level of growth, Deel has recruited two high-caliber independent board members:

• Francis deSouza, former CEO of Illumina and former board member of Walt Disney Corporation
• Todd Ford, Co-President and CFO at Coupa Software

With the new funding and sustained growth trajectory, Deel continues to position itself as a key player in the global HR and payroll market.