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 ARR at a $12 billion valuation - up from just $57 million ARR a year ago.
Work’s 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 alone, 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 Zealand
clients include Double Yolk, LawVu and Letterboxd.
New functionality includes:Deel HR - The global-first Human Resources Information System (HRIS) with everything needed to compliantly manage an entire
global workforce - from direct employees to international contractors and EOR employees. Deel HR will be free for
businesses with fewer than 200 people, roughly a US$20k savings for companies.US Payroll - This marks the expansion of Deel’s global payroll offering with its first in-house payroll engine, starting in the
US. It will never be simpler to handle payroll for global teams, all in one platform.Deel Engage - A set of HR Slack plugins connected to Deel HR to help distributed teams build a stronger culture, increase team
collaboration, manage time off requests, 1-on-1s, candidate referrals, and more.
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 US$295M ARR, up more than 400% from US$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 values 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 Klarna’s
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. “Deel’s 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
team’s vision and the velocity of their execution.”
“We’ve 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.