Article
2 min read
A Billion Thank Yous: Deel Celebrates $1bn Run Rate
Deel news
Author
Alex Bouaziz
Last Update
June 03, 2025
Published
June 03, 2025
To our customers, partners and team – thank you.
Today, we celebrate having reached a $1 billion revenue run rate in just over six years – a milestone that only a small handful of companies achieve. It reflects not only the strength and stability of our business, but also the progress we’re making in enabling the global future of work.
When we founded the company in 2019, we could never have dreamed of what the company looks like today. Yet the more we listened to customers, the clearer it became: payroll and HR weren’t built for the way the world works today.
What began as a product to hire and pay contractors is now a full payroll and HR suite that serves 35,000 customers and 1.25m workers in 150+ countries. Today we’ve been profitable for nearly three years and achieved 75% year on year revenue growth.
None of this could have been achieved without the unwavering support of our customers, our partners, and our team.
Without all of you, we would not be where we are today, so, thank you, and know that we are singularly dedicated to serving your needs over the long-term.
As we look ahead, we’re more energized than ever. This is just the beginning.
Alex & Shuo
About the author
Alex Bouaziz is the co-founder and CEO of Deel, the all-in-one HR and payroll platform for global teams. Founded in 2019, Deel’s technology helps companies simplify every aspect of scaling and managing an international workforce, from culture and onboarding, to local payroll and compliance. In five years, the company has grown to 6,500+ team members worldwide in over 100 different countries and raised over $600 million in funding. It has 35,000-plus customers, including Reddit, Klarna, and Cloudflare.
Alex grew up in Paris and graduated from Technion and then MIT with a Masters in Civil and Environmental Engineering. Prior to Deel, Alex co-founded investment fund Sarona Ventures.
