Deel ARR Hits $1B

Global payroll and HR platform Deel has reached a significant milestone, surpassing a $1 billion annual revenue run rate in Q1 2025. This achievement comes just over six years after the company’s founding in 2019, highlighting its rapid ascent in the SaaS industry .

Deel’s platform offers comprehensive solutions for hiring, paying, and managing global teams. It enables businesses to onboard contractors and full-time employees in over 150 countries, ensuring compliance with local labor laws. With features like automated payroll, tax compliance, and localized contracts, Deel simplifies the complexities of international workforce management .

The company’s impressive growth is underscored by a 75% year-over-year revenue increase and a customer base exceeding 35,000, including notable clients like Reddit, Klarna, and Cloudflare. Deel has been profitable for nearly three years and employs over 6,500 team members across more than 100 countries .