Deel Raises $30M in Series B Funding

Deel, a San Francisco, CA-based payroll and compliance platform for international teams, raised $30m in Series B funding. The round, which brought total funding to over $48m, was led by Spark Capital, with participation from YC Growth Fund and angel investors Nat Friedman, Ryan Petersen, John Zimmer, William Hockey and Alexis Ohanian.
Alex Bouaziz, co-founder and CEO said: “We’re challenging the notion that companies need to hire within their vicinity. Our goal is to enable companies to hire the best talent wherever they are, without having to worry about legal and financial complexities, creating a truly global workforce”.
The company intends to use the funds to expand operations and its business reach.