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About Deel
Industries
Data & Analytics
Consulting
Enterprise Software
Company Size
5,001-10,000
Company Stage
Private
Total Funding
$661.1M
Headquarters
San Francisco, California
Founded
2019
Overview
Deel provides a platform that helps businesses manage their international workforces more easily. It offers a range of services including payroll processing, compliance monitoring, and immigration support, all integrated into one system. This allows companies to handle various HR functions from a single platform, which is especially useful for those with employees in different countries. Deel stands out from its competitors by combining multiple HR services into one cohesive solution, making it simpler for businesses to operate globally. The goal of Deel is to streamline the management of global teams, ensuring that companies can efficiently handle payroll, compliance, and immigration needs.
Simplify's Take
What believers are saying
- Deel's acquisition of Atlantic Money enhances its payments infrastructure in Europe.
- Deel's remote-first model meets the growing demand for managing global teams.
- Deel's $650 million funding highlights its strong market position and growth potential.
What critics are saying
- Increased competition from AI-powered HR platforms like Zellis threatens Deel's market share.
- Deel's rapid acquisition strategy may lead to integration challenges and cultural misalignment.
- Expansion into IT management with Hofy may divert focus from core HR services.
What makes Deel unique
- Deel integrates contracts, payments, and taxes into a single interface.
- Deel offers comprehensive HR solutions for managing international workforces.
- Deel's platform supports local payroll processing and compliance monitoring.
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Funding
Total Funding
$661.1M
Above
Industry Average
Funded Over
7 Rounds
General Catalyst
Andreessen Horowitz
Y Combinator
Coatue ManagementBenefits
Remote Work Options
Stock Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Leading payroll and HR company Deel today announced that new anchor investors, including General Catalyst and a sovereign investor, have purchased clo
Zellis said Thursday (Jan. 9) that it plans to create an end-to-end artificial intelligence (AI)-powered human resources (HR) and payroll platform by acquiring elementsuite. The acquisition will add elementsuite’s AI-enabled HR and workforce management (WFM) suite to Zellis’ payroll and HR platform that serves U.K.- and Ireland-based companies with more than 1,000 employees, Zellis said in a Thursday (Jan. 9) press release. The transaction is subject to customary closing conditions, according to the release
Deel CEO Alex Bouaziz prioritizes product, people, and tech in acquisitions. Deel acquired Assemble, its fifth acquisition in 2024 and 10th since 2019, to enhance its HR platform. Bouaziz emphasizes cultural alignment and post-acquisition integration. Deel, valued at $12 billion, has raised $650 million and reached $500 million in annual recurring revenue. The company has over 35,000 customers and 4,000 employees globally, operating as a remote-first company.
Plus: Canada sues Big Tech. The post Why Hopper might be the next Canadian tech company to play the secondary game first appeared on BetaKit.
Deel, a global payroll and HR platform, has acquired UK-based money transfer service Atlantic Money. This acquisition aims to enhance Deel's payments infrastructure in Europe and integrate Atlantic Money's fintech expertise. The collaboration will improve the financial ecosystem for global businesses and ensure secure money transfers. Both companies will focus on compliance and continue to meet client needs while combining their solutions to advance the financial landscape.
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About Deel
Industries
Data & Analytics
Consulting
Enterprise Software
Company Size
5,001-10,000
Company Stage
Private
Total Funding
$661.1M
Headquarters
San Francisco, California
Founded
2019
Deel is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today