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Deel Secures $300M in Secondary Investment Amidst Record Growth

Author

Slice of Finance Team
07 Feb

Key Highlights:

  • Deel secures $300M in secondary investments from General Catalyst and a sovereign investor.

  • Achieved $800M run rate as of December 2024, reflecting 70% YoY growth.

  • Profitable for over two years, solidifying Deel’s financial stability.

  • Expanded from a hiring solution to a full-stack HR platform, simplifying global workforce management in 150+ countries.

  • New independent board members include Francis deSouza and Todd Ford, bolstering Deel’s leadership for the future.

Source: Business Wire

Notable Quotes:

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"2024 was a remarkable year in terms of business and infrastructure growth, plus product innovation. We’re gearing up for an even bigger 2025. We look forward to working with new anchor investors to continue our momentum in the years ahead."

Alex Bouaziz, Co-founder & CEO at  Deel
❝

"We are proud to deepen our investment in Deel, a transformative platform that empowers global workforce enablement and drives economic growth around the world. Deel’s focus on enabling large enterprises to navigate the complexities of a global workforce fits well with our mission to back bold ideas that create enduring value."

Jeannette zu Fürstenberg, Managing Director, General Catalyst & Founding Partner at La Famiglia

Why This Matters:

Deel’s latest funding milestone not only underscores its rapid growth and profitability but also reflects strong investor confidence in its long-term vision. The company’s evolution into a comprehensive HR and payroll platform signals its increasing importance in the global workforce landscape. With new strategic investments and leadership appointments, Deel is well-positioned for continued innovation and expansion in 2025 and beyond.