PRIVATE (DEEL) · San Francisco, California
The Garage / Company file
Deel
Global hiring without borders. The compliance and payroll stack for distributed work.
Market quote
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Today
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Symbol
PRIVATE (DEEL)
The story / 4 turning points
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
Andreessen Horowitz (a16z)
Primary lead institutional VC investor
Coatue Management & Ribbit Capital
Growth-stage institutional syndicate
Y Combinator & Seed Investors
Early accelerator cohort equity
Employee & Private Float
Secondary pools and talent option reserves
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?
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.
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?
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.
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.