HR startup Deel just hit a $1 billion annual revenue run rate in early 2025 — not bad for a six-year-old company! Founded by Israeli entrepreneur Alex Bouaziz in 2019, Deel is riding the wave of remote work, helping companies hire and pay talent worldwide. They’ve grown 75% year-over-year, serve over 35,000 clients and 1.25 million workers across 150+ countries, and turned a profit since late 2023.
Deel’s got big plans: they’ve set aside up to $500 million for acquisitions this year and are eyeing a possible IPO in 2026 — but only if the market plays nice. They recently snapped up Safeguard Global’s payroll division and are ready for more deals.
Of course, success comes with drama. Deel’s locked in a legal fight with rival Rippling, trading lawsuits over alleged dirty tactics. Still, with clients like Nike and Shopify and a mostly in-house payroll system, Deel’s carving out a serious spot in the global HR game.
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