PRIVATE (DEEL) · San Francisco, California

Deel

Global hiring without borders. The compliance and payroll stack for distributed work.

Founded 2019

By Alex Bouaziz, Shuo Wang

Live Price

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Today

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Symbol

PRIVATE (DEEL)

2019

Y Combinator and the cross-border thesis

MIT graduates Alex Bouaziz and Shuo Wang launched Deel out of Y Combinator in 2019. They observed a glaring bottleneck in international business: hiring contractors abroad required weeks of legal work, complex foreign bank transfers, and local tax risk. Deel solved this by creating standardized, automated local contracts.

2021

Hyper-growth during the remote work explosion

As COVID-19 accelerated global remote hiring, Deel became one of the fastest-growing SaaS companies in Silicon Valley history. By establishing its own legal entities in over 100 countries, Deel allowed companies to hire full-time employees anywhere in minutes under an Employer of Record (EOR) model.

2023

Centilron growth and $12B+ valuation

Deel raised $300 million in Series D and E rounds backed by Andreessen Horowitz, Coatue, and Ribbit Capital. By acquiring local payroll, immigration, and IT hardware management startups worldwide, Deel transformed from a simple contractor payments tool into an end-to-end global HR operating system.

2026

Surpassing $1.5B ARR with net cash profitability

In August 2026, Deel officially announced it had crossed $1.5 billion in Annual Recurring Revenue (ARR) with sustainable cash profitability. Serving over 40,000 corporate clients globally, Deel expanded into deepfake-identity defense and local AI agent HR automation, solidifying its place as Europe's and Silicon Valley's premier HR tech IPO candidate.

The Numbers

market cap Private (~$17.3B Valuation)

revenue $1.5B+ ARR (August 2026)

net income Profitable (Positive operating cash flow)

employees 4,200

ipo year Private (Targeting Late 2027 IPO)

ipo price Private

current ceo Alex Bouaziz

revenue forecast $1.85B (2026 internal target)

Who Owns Deel

Alex Bouaziz & Shuo Wang

Co-founders retain significant equity and board control

~26.0%

Andreessen Horowitz (a16z)

Primary lead institutional VC investor

~18.5%

Coatue Management & Ribbit Capital

Growth-stage institutional syndicate

~22.0%

Y Combinator & Seed Investors

Early accelerator cohort equity

~8.5%

Employee & Private Float

Secondary pools and talent option reserves

~25.0%

Frequently Asked Questions

Who founded Deel?

Deel was founded by Alex Bouaziz, Shuo Wang.

When was Deel founded?

Deel was founded in 2019.

Where was Deel founded?

Deel was headquartered in San Francisco, California.

Why was Deel created?

What does Deel do?

Global hiring without borders. The compliance and payroll stack for distributed work. Founded in 2019, Deel scaled from Y Combinator to $1.5 billion ARR in record time. Read the complete story of Alex Bouaziz and Deel's global payroll revolution.

How did Deel grow?

Who owns Deel?

Alex Bouaziz & Shuo Wang owns ~26.0%. Andreessen Horowitz (a16z) owns ~18.5%. Coatue Management & Ribbit Capital owns ~22.0%. Y Combinator & Seed Investors owns ~8.5%. Employee & Private Float owns ~25.0% (Co-founders retain significant equity and board control)

How much of Deel does Alex Bouaziz & Shuo Wang own?

Alex Bouaziz & Shuo Wang owns ~26.0% (Co-founders retain significant equity and board control)

When did Deel go public?

Deel had its IPO in Private (Targeting Late 2027 IPO), with an initial share price of Private.

How many employees does Deel have?

Deel has approximately 4,200 employees.

What is Deel's revenue?

Deel generated $1.5B+ ARR (August 2026) in revenue. Analysts forecast $1.85B (2026 internal target).

What is Deel's market cap?

Deel has a market capitalisation of Private (~$17.3B Valuation).

Who is the CEO of Deel?

The current CEO of Deel is Alex Bouaziz.

Tools & Platforms

For Investors

The market doesn't care about your feelings.
But your broker's fees do.

Most people have a brokerage account. Fewer understand what it really costs them — in spreads, in fees, in missed instruments. Malta-regulated, direct market access, 600,000+ instruments.

Explore platforms

For Entrepreneurs

Opening a US company costs $300.
Most people think it's complicated. It isn't.

Most founders spend weeks on formation, banking and payments. The ones who move fast know which tools to use before they start. A US LLC, a real business account, and a way to pay people — in that order.

Start here

For C-Suite

Your competitor pays $200 less per month for EOR.
You're still on a spreadsheet.

BVNK hired 20% of its workforce through Deel. The smartest operators aren't managing payroll complexity — they're outsourcing it. EOR in 150+ countries, multi-currency accounts, workforce payments at $200 less per month than competitors.