Deel has grown from a cold start to over $800M of revenue in just five years.
But how exactly did they do it? While they may look like a typical Silicon Valley story the truth is that @Bouazizalex and @shuooo have defied many SV conventions in their approach including M&A, no "wedge", and enormous investments in internal tooling/automations.
@justin_kahl and I spoke to leaders across @Deel's business to unpack the tactics and cultural tenets fueling the company, five powerful insights are covered below.
Five powerful principles that we cover in depth 👇
- Vertically integrated product stack
- Infinite product wedges
- Strategic M&A early, and as a core accelerator
- Automations
- "Deel speed"
🚀 Big news! Excited to welcome @generalcatalyst as an anchor investor in @Deel as we celebrate hitting an $800M run rate! 🌟
In GC we see a partner who shares our vision: Make global work simple, help more people get hired & businesses grow faster 🌍 @htaneja@jcfurstenberg
I still remember when @Bouazizalex and I closed our biggest client—$800 ARR—six years ago during @ycombinator We were super excited; it was our second paid client, with exponential growth from the first 😉
Today, six years later, we’ve hit $800M USD in run rate. Announcing this milestone with 1,200+ sales reps from 100 countries in Spain feels surreal.
Seeing companies of all sizes confidently build, pay, and manage global teams on our platform is incredibly rewarding.
Huge thanks to our amazing team, customers, and partners who made this possible! 🚀🌍
2024 was 🤯 @deel
🌎We're now the largest global, fully remote company in the world – with 4,500 team members in 104 countries
💰We sent $11+ billion to workers in 100+ currencies
🔨We shipped 1,100+ products updates
Thanks to our team and amazing customers - Let's go 2025!
🎉 @Deel turns 5️⃣years old today! 🥳
If you told Shuo & me five years ago that we'd be running a company of 3,500 across 100+ countries, helping more than 40k businesses worldwide—we wouldn’t have believed you. I don’t think my mom would have even believed it.
🎉 Deel is acquiring @PaySpace!
It’s a big deel, a significant infra investment. Means we can run native payroll in 50+ countries (!!) & supercharge + simplify global payroll for businesses. We also hit $500m ARR 🙏to our teams. https://t.co/8E4zFf3OuS
TRANSMISSION DETECTED.
NBA Star and @PUMAHoops athlete @MELOD1P, and NFT Collectible Project @GutterCatGang are teaming up to launch a limited-edition Hoops NFT – MB.03 ‘GutterMelo’. Dropping exclusively on @opensea on 6/29.
Here's everything you need to know. 🧵
"It's a way to take ownership of our community... it's about belonging to something."
Musician @RAC speaks with Decrypt about his new CULT Pass created with @hifilabs—a dynamic NFT pass that changes and evolves, for his biggest Web3 supporters. https://t.co/H5QLUQAPrl