US EditionDeel 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.
14 Articles
14 Articles
Deel eyes more acquisitions after hitting $1 billion annual revenue run rate
By Jaspreet Singh (Reuters) – Payroll startup Deel said on Tuesday it crossed $1 billion annual revenue run rate in the first quarter and has earmarked up to $500 million for acquisitions this year to bolster growth. Customers use Deel’s global payroll platform to manage their international workforce. Deel, which acquired Safeguard Global’s payroll division for an undisclosed amount in March, allocated an M&A budget of between $200 million and $…
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In just six years, global payroll and HR technology firm Deel has hit a major milestone – crossing a US$1 billion annual run rate in Q1 2025. This rapid ascent places Deel firmly among the fastest-growing players in the HR tech space, reshaping how businesses hire, pay, and manage talent across borders. Momentum built on strong financial foundations Deel’s growth trajectory has been nothing short of extraordinary. The company posted 75% year-on-…
Deel reaches $1B revenue run rate in Q1 2025; Singapore revenue growth surges 75% YoY
SINGAPORE: Deel reached a $1 billion revenue run rate in the first quarter of 2025 (Q1 2025), just six years after it was founded, and has continued to grow in April and May. Notably, in Singapore alone, the payroll and HR company’s revenue grew 75% year-on-year, according to the company’s press release on Tuesday (June […] The post Deel reaches $1B revenue run rate in Q1 2025; Singapore revenue growth surges 75% YoY appeared first on The Indepe…
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