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Deel eyes more acquisitions after hitting $1 billion annual revenue run rate

  • San Francisco-based HR and payroll company Deel exceeded $1 billion in projected yearly revenue during the first quarter of 2025.
  • This milestone reflects customer trust and was driven by Deel’s focus on building a global, flexible infrastructure since its founding in 2019.
  • Between April 2024 and April 2025, Deel’s revenue increased by 75% compared to the previous year, while its HR and payroll offerings experienced a more substantial rise of 164%, supporting over 35,000 businesses worldwide.
  • CEO Alex Bouaziz highlighted that achieving an annualized revenue milestone of $1 billion demonstrates the confidence their clients have in the company, while board member Anish Acharya commended their strong execution and innovative AI-powered solutions.
  • Deel plans to invest up to $500 million in acquisitions this year and aims for a 2026 U.S. IPO depending on macroeconomic conditions.
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Deel Surpasses $1 Billion Run Rate, Signaling a New Era in Global HR

SAN FRANCISCO--(BUSINESS WIRE)--Jun 3, 2025-

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WTVB broke the news in on Tuesday, June 3, 2025.
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