United States HR & Payroll Platform Deel Sells $300 Million in Secondary Share Sale at $12.6 Billion Valuation, Plans for 2026 IPO & Had Raised $650 Million Since 2019, Founded in 2019 by MIT Graduates Alex Bouaziz & Shuo Wan, Annual Revenue at $800 Million with 35,000+ Customers in 150+ Countries, Investors Include General Catalyst, Mubadala, Andreessen Horowitz, Spark Capital, Coatue, Y Combinator & Emerson Collective
5th February 2025 | Hong Kong
United States HR & payroll platform Deel has sold $300 million in secondary share sale at $12.6 billion valuation, and reported to be planning for 2026 IPO having raised $650 million since 2019. Deel was founded in 2019 by MIT graduates Alex Bouaziz & Shuo Wan. Deel reports annual revenue of $800 million, with 35,000+ customers in 150+ countries. Investors include General Catalyst, Mubadala, Andreessen Horowitz, Spark Capital, Coatue, Y Combinator & Emerson Collective. Deel – 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. After graduating from MIT in 2014, Co-Founders Alex Bouaziz and Shuo Wang noticed a trend among their friends: they couldn’t get high-paying jobs they were highly qualified for due to visa issues and local labor laws in other countries. It was an apparent problem. The duo started Deel to make a change for people everywhere by empowering companies to eliminate hiring borders—so anyone, anywhere in the world, could access new opportunities. At Deel, we’ve always been our first customer, which helps keep us poised to break new ground for our customers. As the company and team grew, we tackled more problems we faced, from onboarding employees to automating tedious processes. Now, Deel’s evolved beyond just hiring to simplify every aspect of building a global team.
“ United States HR & Payroll Platform Deel Sells $300 Million in Secondary Share Sale at $12.6 Billion Valuation, Plans for 2026 IPO & Had Raised $650 Million Since 2019, Founded in 2019 by MIT Graduates Alex Bouaziz & Shuo Wan, Annual Revenue at $800 Million with 35,000+ Customers in 150+ Countries, Investors Include General Catalyst, Mubadala, Andreessen Horowitz, Spark Capital, Coatue, Y Combinator & Emerson Collective “
Deel – 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. After graduating from MIT in 2014, Co-Founders Alex Bouaziz and Shuo Wang noticed a trend among their friends: they couldn’t get high-paying jobs they were highly qualified for due to visa issues and local labor laws in other countries. It was an apparent problem. The duo started Deel to make a change for people everywhere by empowering companies to eliminate hiring borders—so anyone, anywhere in the world, could access new opportunities. At Deel, we’ve always been our first customer, which helps keep us poised to break new ground for our customers. As the company and team grew, we tackled more problems we faced, from onboarding employees to automating tedious processes. Now, Deel’s evolved beyond just hiring to simplify every aspect of building a global team.
General Catalyst – General Catalyst is a global investment and transformation company that partners with the world’s most ambitious entrepreneurs to drive resilience and applied AI. We support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond. With offices in San Francisco, New York City, Boston, Berlin, Bangalore, and London, we have 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.
United States HR & Payroll Platform Deel Sells $300 Million in Secondary Share Sale at $12.6 Billion Valuation, Plans for 2026 IPO & Had Raised $650 Million Since 2019, Founded in 2019 by MIT Graduates Alex Bouaziz & Shuo Wan, Annual Revenue at $800 Million with 35,000+ Customers in 150+ Countries, Investors Include General Catalyst, Mubadala, Andreessen Horowitz, Spark Capital, Coatue, Y Combinator & Emerson Collective
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