Venture Funding

What’s the Deel? Payroll Firm Raises $14 Million

SAN FRANCISCO — Deel, which operates a payroll platform to pay remote workers, has raised a $14 million Series A round led by Andreessen Horowitz.

Anish Acharya, a partner at Andreessen Horowitz, is joining Deel’s Board of Directors.

The company launched a year ago last June at Y Combinator’s Demo Day. Deel now supports over 400 companies and thousands of employees around the worldwide.

Deel was founded by Alex Bouaziz and Shuo Wang, who moved from Tel Aviv and Beijing to San Francisco in 2018 to start the company.