Valued at $12 billion with $295 million ARR, Deel expands beyond international hiring with Deel HR, US Payroll, and Deel Engage to consolidate global team management
SAN FRANCISCO–(BUSINESS WIRE)–Deel, the global HR company, today announced the launch of Deel HR, US Payroll, and Deel Engage, making it possible, for the first time, to hire, manage, and pay global teams compliantly on one platform. This news comes as Deel hits $295 million annual recurring revenue (ARR) at a $12 billion valuation � up from just $57 million ARR a year ago.
Works gone global, but until now, no HR platform has handled everything for everyone, anywhere. Most teams use up to 16 different tools for international team management, creating data silos, tech consolidation concerns, and inconsistent team experiences. Deel has streamlined everything needed to hire, manage, and pay global teams in one platform. New functionality includes:
Whether you want to hire worldwide without opening legal entities, streamline HR for your global team, or consolidate payroll across countries, Deel does it all.
These moves come as Deel wraps 2022 with $295M ARR, up more than 400% from $57M ARR at the end of 2021. The company also confirmed it has been EBITDA positive since September 2022. New investment from Emerson Collective and participation from existing investors value Deel at 12 billion dollars. Deel now has over 15,000 customers, including Nike, Shopify, and Klarna.
Camilla Giesecke, Chief Operating and Expansion Officer at Klarna, said, We are excited to announce Deel as Klarnas global partner for talent onboarding and payroll management.
Our venture investing philosophy at Emerson Collective is to accelerate the growth of consequential companies helping people live to their full potential, which we believe includes providing access to high quality work opportunities, said Sarah Pinto, Partner at Emerson Collective. Deels products help fulfill that mission by unlocking work opportunities for talented individuals wherever they are in the world. We have been impressed with the breadth of the teams vision and the velocity of their execution.
Weve disrupted global hiring, and now we plan to disrupt the whole HR industry, said Alex Bouaziz, co-founder and CEO of Deel. Products that radically simplify HR get us closer to our goal of helping millions of people get to work for the best companies in the world.
About Deel
Deel is the all-in-one HR platform for global teams. It helps companies simplify every aspect of managing an international workforce, from culture and onboarding, to local payroll and compliance. Deel works for independent contractors and full-time employees in more than 150 countries, compliantly. And getting set up takes just a few minutes. For more information, visit Deel.com.
Contacts
India’s Largest Social Media Company Turns to Redpanda “Bring Your Own Cloud” Deployment for Greater…
Microsegmentation solution mitigates threats across east-west lateral networks SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE: ANET),…
Venti is a Bronze Sponsor of the Port & Terminal Technology 13th Conference & Exhibition…
The program extends worldwide growth and strengthens engagement with insurtechs in APAC and EMEA to…
The PREVENT study is the pivotal clinical trial of the VentFree® Respiratory Muscle Stimulator and…
LOS ANGELES--(BUSINESS WIRE)--Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced…