Deel, a global human resources and payroll platform developer, has completed a $300 million funding round, raising its valuation to $17.3 billion. The investment was led by Ribbit Capital, with participation from previous backers such as Andreessen Horowitz and Coatue Management. Founded in 2019 and headquartered in San Francisco, Deel has rapidly grown, now serving over 35,000 business customers and managing more than 1.25 million employees worldwide. The company reported an annual revenue rate exceeding $1 billion in early 2025, marking a 75 percent increase from the previous year, and has maintained profitability since late 2023.

Despite its financial success, Deel faces ongoing legal disputes with competitor Rippling, with both companies accusing each other of corporate espionage and theft of trade secrets. Deel denies the allegations and has filed a counterclaim in the US courts. The confrontation marks one of the most prominent cases in the human resources technology sector in 2025.