Deel has raised $300M at a $17.3B valuation

We started about 6 years ago, struggling to even make $10K.

I've never shared this before because of how embarrassing our start was.

The story of how we went from $1K to $1B and the advice I'd give to my younger self: 1/ Shuo and I were in completely different worlds. She was in China, I was in Israel.

Both my parents family emigrated from North Africa with nothing. One of my grandfather use to work at the French subway and the other was an electrician.

Today, we’re launching @Deel’s biggest product ever. So we wanted to look back at 2022 where we learned & improved by helping the world’s biggest brands scale their global teams:
🚀 $57m -> $295m ARR
💸 EBITDA positive since Sept
📈 85%+ Gross Margin
🌎 $5B+ paid to 250k+ people We started Deel with the goal of simplifying int'l hiring & payroll so that more people could work for the best companies in the world. What if we could bring that simplicity to other parts of the HR stack, like information systems & domestic payroll? 🤔

I’ve had lots of questions about what we’re seeing at @deel in this job climate. How are employers reacting to today’s reality, and what does our data show? 👀🧵 Deel handles HR for global teams - onboarding, payments, and yes - even terminations. Here’s what’s trending across hundreds of thousands of workers in 100+ countries 🌎

This year was incredible for @deel: we went from $4M to $50M+ ARR, 50 to 550+ people in 60+ countries & we raised over $600M 📈

@copernicussw & I learned a lot, so we figured we'd share some things we wished we'd known when starting the year 🧵 Spend as if you were a round earlier 💸

This framework helped us develop rigor around spending. This was key to controlling burn rate and setting milestones. It also helped us raise at higher valuations when the time was right.