The Ledger
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Bouaziz claims Sequoia Capital invested in every competitor of Deel
“Sadly, they invested in every competitor you can think of.”
Deel achieved its first $100M revenue month in September
“September was our first one hundred million revenue month, which is a very exciting milestone for the business.”
Deel announces $300M funding round at over $17B valuation
“So I think the big news for us is we're actually going to announce a round of over three hundred million dollars at over seventeen billion dollars plus in valuation.”
Bouaziz: Deel has completed around 13 acquisitions to drive growth
“I think we've done about 13 acquisitions, which really helped us grow really fast build new products, bring amazing funders in, and really kind of take over a big part of the global payroll market share.”
Bouaziz: Deel raised $300M partly to acquire out-of-favor non-AI companies
“Yes, of course. And I think this fundraise is definitely going to be helping on, on that front and doing more acquisitions. That was one of the reasons we also raised the capital.”
Deel grew ARR from $4M to $295M between 2021 and 2022
“Four to 57, which is what we did in 21, I think, yeah, and then 57 to 302 95 is what we did in 22.”
Bouaziz: Deel has been profitable and cash-generative for three years
“Deal has been a profitable company for three years now, so we've been generating cash, which is always a great thing to do, and we haven't needed investment for quite a long time.”
Alex Bouaziz: Deel is profitable with 7,000 employees worldwide
“We are, right, like, billions in our profitable business, acquisitions, you know, 7000 people around the world today”
Bouaziz: Deel currently processes payments for 1.5M people
“Today we have 1.5 million people getting paid on deal.”
Bouaziz: Deel generates 60% of its revenue from cross-sell
“60% of our revenue actually comes from cross-sell today.”
Deel grew revenue by 30% month-over-month for its first two years
“Like for the first two years of the business, we grew 30% month by month.”