Story perspectives
Deel Secures $300M Funding, Eyes Global Expansion and AI
10/17/2025
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Story summary
- Deel raised $300 million in Series E funding, lifting its valuation to $17.3 billion.
- Ribbit Capital led the round, with participation from Andreessen Horowitz and Coatue Management.
- Deel reports more than $1 billion in annual recurring revenue and three years of profitability, despite a legal dispute with rival Rippling.
- Proceeds will fund AI automation, expand to over 100 countries by 2029, and strengthen HR suite, according to CEO Alex Bouaziz.
