Deel Raises $300M Series E at $17.3B Valuation Led by Ribbit and A16z

Deal Summary

Deel raised $300 million in a Series E round co-led by Ribbit Capital and Andreessen Horowitz, with participation from Coatue Management and General Catalyst, valuing the HR platform at $17.3 billion. The company says it is profitable, surpassed $1B ARR and serves 35,000+ customers across 150+ countries.