Company: Deel
Founders: Alex Bouaziz, Ofer Simon, Shuo Wang, 2019
Website: https://www.letsdeel.com/
Business: Helps businesses hire anyone, anywhere. Global payroll for employees and contractors from around the world.
About Deel
Deel allows you to hire the best talent in 150 countries in minutes, without worrying about compliance, payroll or HR admin. It’s a world-class experience for your business and entire international team.
Deel takes care of local payroll, benefits, taxes and compliance so you can bring on contractors or employees in 150 countries to your company.
This year we have seen more people hiring abroad as working remotely becomes more common. Deel helps you make this process easy through their worldwide fintech solutions.
Deel has other fintech solutions including hiring, paying and managing contractors; helping to run global payroll services; automating HR workflows with integrations and an open API solution as well.
Deel was started in 2019 by Alex Bouaziz, Ofer Simon, Shuo Wang and in 2020 had raised $50 million from multiple investors. In recent months, Deel has officially become a unicorn. With their Series C of $156 million raised, Deel’s valuation has reached $1.25 billion in just under 24 months.
Deel has just announced their Series D funding round of $425 million led by Coatue, bringing Deel’s valuation to $5.5 billion. With their Series D, they will be focusing on some exciting things to shape the future of work.
Starting with launching Deel Premium to further protect companies against misclassification risks, bringing Global Payroll to every business in the world, releasing their Open API, and opening a total of 80 live Deel-owned entities (with 60 live already) to make employee hiring a breeze.
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