San francisco: Deel, the leading global HR and payroll platform, today announced a $300 million strategic investment from new investor Ribbit Capital along with long-time Deel partners Andreessen Horowitz and Coatue Management with additional support from General Catalyst, Green Bay Ventures and more. Deel's new valuation is $17.3 billion.

According to BERNAMA News Agency, the investment comes on the heels of what has been a record year of performance at Deel. September 2025 marked the company's third straight year of profitability and its first $100 million revenue month. Earlier this year, the company surpassed $1 billion in annual recurring revenue. Deel now serves over 37,000 businesses and 1.5 million workers across more than 150 countries, processing $22 billion in payroll annually.