Companies
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Deel
Enterprise Software
Deel is a San Francisco-based global employment and payroll platform that lets companies hire and pay employees and contractors in other countries.
$15B
+$33.56
18,016.18%
30 days ago
$0.19
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Deel was founded in 2019 by Alex Bouaziz and Shuo Wang, entering the global employment category based on the observation that hiring international talent, whether as employees or independent contractors, historically required companies to navigate a complex and highly fragmented patchwork of country-specific labor law, tax, and payroll requirements, often necessitating establishing costly local legal entities in each country where a company wanted to hire, a barrier that particularly limited smaller, faster-growing companies from building genuinely global teams. Deel's platform functions as an "employer of record" in many countries, meaning Deel itself legally employs a worker on a client company's behalf, handling local payroll, benefits, and compliance requirements, while the client company directs the worker's actual day-to-day work, alongside contractor payment and compliance management for the large and growing population of independent international contractors that many companies also engage. The company has expanded very rapidly since its founding, becoming one of the largest and most highly valued companies in the broader global employment and payroll category, while also becoming embroiled in a high-profile and acrimonious legal dispute with competitor Rippling involving allegations of corporate espionage and improper access to a competitor's confidential internal systems, a controversy that drew significant industry attention given both companies' scale and prominence. Deel has raised very substantial venture funding from investors including Coatue and Spark Capital, reaching a valuation exceeding $17 billion at its peak, competing with Rippling, Remote, and Oyster in the global employer-of-record category.
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