Deel says annual recurring revenue passed $1.5B in the first half of 2026
- Amount
- $1.5B
- Place in VP50
- #34
- Sources
- 2
- Claims verified
- 7 of 7
What happened
Deel said it passed $1.5 billion in annual recurring revenue in the first half of 2026, according to Calcalist (Ctech), which first published the report on August 3, 2026. Calcalist described Deel as an Israeli-founded HR and payroll platform and said it first passed $1 billion in annual recurring revenue in 2025 and had its first $100 million revenue month in September 2025. Dealroom News reported the same day that Deel announced the figure alongside its acquisition of Clarity, an Israeli deepfake security startup, and that neither company disclosed the terms of that deal.
Calcalist reported that Deel was used by more than 40,000 businesses, operated in more than 150 countries and processed about $22 billion in annual payroll. It was founded in 2019 by Alex Bouaziz and Shuo Wang. Calcalist noted that Deel raised $300 million in a Series E round last year at a $17.3 billion valuation, led by Ribbit Capital. The figure is a company statement. The sources read gave no revenue total for the period, no breakdown of the recurring revenue, and no IPO date or filing details.
Key points
- Deel said annual recurring revenue passed $1.5B in the first half of 2026.12
- It first passed $1B in annual recurring revenue in 2025 and had its first $100M revenue month in September 2025.1
- Deel is used by more than 40,000 businesses and processes about $22B in annual payroll.1
- Calcalist noted a $300M Series E at a $17.3B valuation last year.1
- The figure came alongside the Clarity acquisition, whose terms were not disclosed.2
Why it matters
The $17.3B Series E valuation reported by Calcalist now sits next to a recurring revenue figure of more than $1.5B, against the $1B passed in 2025.
More than 40,000 businesses and about $22B in annual payroll processed show how widely the revenue is spread, as stated by the company.
Calcalist framed the milestone as strengthening Deel's IPO credentials, but its report gave no listing date or filing details.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Sep 2020 | $225M | $30M | Spark Capital |
| Series C | Apr 21, 2021 | $1.3B | $156M | YC Continuity Fund |
| Series D | Oct 18, 2021 | $5.5B | $425M | Coatue |
| Series D extension | May 11, 2022 | $12B | $50M | Emerson Collective |
| Series E | Oct 16, 2025 | $17B | $300M | Ribbit Capital |
Updated
Fact-check
- Deel's annual recurring revenue passed $1.5B in the first half of 2026.Confirmed by [1] Calcalist, which gives the first half of 2026, and [2] Dealroom News, which reports the $1.5B figure without a period. Both report Deel's own statement.Verified
- Deel passed $1B in annual recurring revenue in 2025 and had its first $100M revenue month in September 2025.Confirmed by [1] Calcalist: both milestones are given for 2025.Verified
- Deel has more than 40,000 customers and processes about $22B in annual payroll.Confirmed by [1] Calcalist: more than 40,000 businesses and about $22 billion in annual payroll.Verified
- Deel raised a $300M Series E at a $17.3B valuation last year.Confirmed by [1] Calcalist, which says Ribbit Capital led the round.Verified
- The announcement came alongside the acquisition of Clarity, with terms undisclosed.Confirmed by [2] Dealroom News: neither company disclosed terms. [1] Calcalist also reports the acquisition.Verified
- Deel operates in more than 150 countries and was founded in 2019 by Alex Bouaziz and Shuo Wang.Confirmed by [1] Calcalist.Verified
- Clarity is an Israeli deepfake security startup.Confirmed by [2] Dealroom News; [1] Calcalist calls it an Israeli AI cybersecurity company.Verified
Sources
- [1]Calcalist (Ctech) (opens in a new tab)Deel crosses $1.5 billion ARR, strengthening IPO credentialssurpassed $1.5 billion in annual recurring revenue (ARR) in the first half of 2026
- [2]Dealroom News (opens in a new tab)Deel acquires Clarity to strengthen identity verification, surpasses $1.5B ARRNeither company disclosed terms.
