It's Official: Deel Has Raised $14M to Help Businesses Hire Globally
At Deel, our mission is to provide companies with a simple payroll platform to hire anyone, anywhere. We do this by bridging localized compliance and payments whilst automating it all - making a complex and manual process seamless.
Since launching a year ago at Y Combinator’s demo day, we’ve grown to support over 250 companies and thousands of their team members in over 110 countries. We have built a worldwide partner network of over 100 legal and accounting experts... and we are just getting started!
Our goal is to build the world’s most robust platform to help businesses hire talent globally. We see the world without borders and want to challenge the concept that businesses are limited to a 30 miles radius when hiring.
For this reason, Shuo and I are thrilled to announce our $14M Series A round of funding led by Andreessen Horowitz. We are honored to have Anish Acharya join our board.
We’re also excited to officially welcome Dan Westgarth to the team as our Chief Operating Officer. Dan joins us from Revolut, where he joined as an early team member and built pioneering FinTech infrastructure, and went on to launch Revolut in the US.
With this new investment and Dan on the team, we’re even better positioned to continue investing in our product, its distribution, and grow our own team - we are using our own technology to hire across all departments around the world - join us 🚀!
The recent pandemic has accelerated the idea of remote work as a norm, and great companies are already paving the way (hey @Jack 👋& Twitter team). They are realizing that giving their team the freedom and space to choose where they work from, can improve their quality of life, cut costs, and have a positive impact on the natural environment. Plus, when people don't need to work from an office, the world is your hiring playground.
As we dive into an exciting new chapter, we want to thank our customers for their support and feedback, our small but mighty team for their dedication and passion, and our investors for their guidance.
It's hard to express how excited we are to be building a company that will fundamentally change the way the world works, help redistribute wealth, and ensure geography never hinders the ability to achieve destiny.
Cheers to the new and better way of working!
Alex Bouaziz and Shuo Wang