HRTech startup Deel expands to Holland with platform for remote work first

Amsterdam, July 6, 2022 – Share, the HRTech company that facilitates all administrative and legal issues related to hiring and managing external teams through its platform, today announced its expansion to the Netherlands. The announcement marks another milestone in the company’s expansion plans, following revenue growth to 100 million ARR and capital increase to $ 5.5 billion.

With Deel, employers can hire staff in more than 150 countries, manage remote teams and perform payroll from one centralized platform. Teleworking thus becomes simple and accessible for employers and also helps them enter new markets without investment, consulting processes and complicated bookkeeping.

“A model for remote or hybrid work is not just an opportunity to work from home. It also helps with how and where you hire staff, how to take new team members on board, and how to pay and manage salaries. ” said Shuo Wang, co-founder and Chief Revenue Officer of Deel.

Remote-first vs. local laws

The transition to a far-first world, combined with globalization and today’s tight labor market, has put Deel in a unique position to support organizations with their cross-border recruitment challenges.

With experts in (labor) law, accounting and tax, the company helps employers prepare, sign and send contracts in accordance with a country’s local law. Share also ensures that salaries can be paid easily and worldwide in various currencies and payment options, such as cryptocurrency.

Explosive growth

The launch in the Netherlands follows a period of significant growth. In October 2021, Deel announced its Series D round led by Coatue. $ 425 million was raised, after which Deel is valued at $ 5.5 billion. Deel wants to continue to develop and innovate the future of teleworking.

“The logical establishment of Deel in the Netherlands was only a matter of timing. In my extensive experience with conversations with CEOs, CFOs and CHROs, the question kept popping up to the solution of the problem that many companies will identify with. Namely, to recruit the best talents regardless of location and without having to worry about complex paperwork and investments. It is Part’s mission to make a global job market a reality. ” Thus Dennis Valkema, leader of the Benelux van Deel.

The launch in the Netherlands was officially announced during the launch in Amsterdam at the end of June. Among other things, a panel discussion was held with the founders of Settly and Cocoroco and Sr. Director of Human Resources at WeTransfer, discusses the future of HR, current developments in teleworking and employment internationally. Share serves 7,000+ customers worldwide, including Dropbox and Shopify. In the Netherlands, Deel starts out with fast-growing unicorns such as Cowboy, WeTransfer, BackBase and MessageBird.

About Del

Share, the leading global HRTech platform, facilitates administrative and legal issues related to remote employment. Shares technology provides payroll, HR, compliance, employee benefits and other options needed to recruit a remote and manage a remote team.
Using a technology-driven self-service process, Deels customers can hire self-employed and full-time employees in more than 150 countries, in compliance with requirements and in minutes. With more than 250 legal, accounting, mobility and tax experts as partners, Share allows any business to draft, sign and send localized contracts and pay teams in more than 120 currencies with just a single click. Share, founded in 2019 by Alex Bouaziz and Shuo Wang, is a fully distributed company with employees worldwide.

Editorial note – NOT FOR PUBLICATION

About Dennis Valkema

Dennis has worked in the HR and Talent Management world for over 25 years, where he has held various consulting and management positions. When Dennis was asked to build and lead the Benelux team as leader and board the rocket ship, which is Deel, the fastest growing technology company in the world, he could not turn down this unique opportunity. He and his team have the background and expertise to help companies hire anyone, anywhere, in minutes.

This article is a submitted message and is not the responsibility of the editors.

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