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Deel Raises $30 Million in Series B Funding to Break the Confines of Geographically-Concentrated Workforces, Enabling Businesses to Legally Hire Anyone, Anywhere in the World

Sep 09, 2020•almost 5 years ago

Amount Raised

$30 Million

Round Type

series b

Description

Deel, a payroll and compliance platform for international teams, today announced it has raised $30 million in Series B funding, led by Spark Capital. The investment closely follows a $14M Series A round, closed in May, led by Andreessen Horowitz. Deel’s total funding now exceeds $48 million, including seed investment and participation from YC Growth Fund and notable angel investors including Nat Friedman, Ryan Petersen, John Zimmer, William Hockey and Alexis Ohanian.

Company Information

Company

Deel

About

Deel is a global compliance and payroll solution that helps businesses hire anyone, anywhere. Using a tech-enabled self-serve process, companies can now hire independent contractors and full-time employees in over 150 countries, compliantly and in minutes. Deel enables any business to compliantly create, sign, and send localized contracts from a library of templates. Deel automates the process of collecting country-specific documents like tax documents from contractors and employees to ensure they get set up to work correctly. The platform also allows companies to pay international contractors and employees in more than 120 currencies with just a few clicks. Learn more about Deel here.

Funding Insights

Based on industry data
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