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Alex bouaziz, ceo of deel, told the financial times the company crossed us$100m in monthly revenue for the first time in september and generates between us$15m and us$17m in earnings before interest, taxes, depreciation and amortisation. The hr platform plans acquisitions and ai innovation with its new capital. Founded in 2019 by alex bouaziz (ceo) and shuo wang (cro), the company has grown to serve 37,000+ businesses and 1.5 million workers across 150+ countries.
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The company was valued at $5.5 billion following its $425 million series d round back in 2021 Deel secures $300 million in series e funding, reaching $17.3 billion valuation Deel, founded in 2019 by ceo alex bouaziz and cro shou wang, initially started out as an escrow platform for freelance workers before expanding into a comprehensive hr suite offering managed payroll, hiring, and payment solutions.
Deel says it's been profitable for three years and surpassed $1 billion in arr, including having a month that hit $100 million in revenue.
