Deel valuation, funding and investors
Deel works in global HR platform solutions, based in San Francisco, United States. Founded in 2019, it has about 9,650 employees.
- Last round
- Series E · $300M · Oct 2025
- Valuation at last round
- $17.30B
- Headcount
- 9,646 · flat
- Grade
- A
- Founded
- 2019
Deel valuation today
VCMC values Deel at $18.4B today, with a range of $15.0B to $21.2B and a grade of A. The valuation starts from its last funding round, a Series E round in Oct 2025.
Valuation by date (102 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2019 | $12.0M | $10.4M – $27.6M | $24.0M (+100%) | after a round | – | unknown | B | 0% |
| 2 Jan 2019 | $12.0M | $10.4M – $27.6M | $24.0M (+100%) | after a round | – | unknown | B | 0% |
| 1 Feb 2019 | $12.7M | $10.4M – $27.6M | $24.0M (+89%) | after a round | – | unknown | B | 0% |
| 1 Mar 2019 | $13.4M | $10.4M – $27.6M | $24.0M (+79%) | after a round | – | unknown | B | 0% |
| 1 Apr 2019 | $14.2M | $10.4M – $27.6M | $24.0M (+69%) | after a round | – | unknown | B | 0% |
| 1 May 2019 | $15.1M | $10.4M – $27.6M | $24.0M (+59%) | after a round | – | unknown | B | 0% |
| 1 Jun 2019 | $16.0M | $10.4M – $27.6M | $24.0M (+50%) | after a round | – | unknown | B | 0% |
| 1 Jul 2019 | $16.9M | $10.4M – $27.6M | $24.0M (+42%) | after a round | – | unknown | B | 0% |
| 1 Aug 2019 | $17.9M | $10.4M – $27.6M | $24.0M (+34%) | after a round | – | unknown | B | 0% |
| 1 Sep 2019 | $19.0M | $10.4M – $27.6M | $24.0M (+26%) | after a round | – | unknown | B | 0% |
| 1 Oct 2019 | $20.1M | $10.4M – $27.6M | $24.0M (+19%) | after a round | – | unknown | B | 0% |
| 1 Nov 2019 | $21.4M | $10.4M – $27.6M | $24.0M (+12%) | after a round | – | unknown | B | 0% |
| 1 Dec 2019 | $22.6M | $10.4M – $27.6M | $24.0M (+6%) | after a round | – | unknown | B | 0% |
| 1 Jan 2020 | $24.0M | $10.4M – $27.6M | $24.0M (0%) | after a round | – | unknown | B | 0% |
| 1 Feb 2020 | $24.0M | $9.92M – $27.6M | $24.0M (0%) | after a round | – | unknown | B | 0% |
| 1 Mar 2020 | $24.0M | $9.46M – $27.6M | $24.0M (0%) | after a round | – | unknown | B | 0% |
| 1 Apr 2020 | $24.0M | $8.99M – $27.6M | $24.0M (0%) | after a round | – | unknown | B | 0% |
| 1 May 2020 | $24.0M | $8.56M – $27.6M | $24.0M (0%) | after a round | – | unknown | B | 0% |
| 22 May 2020 | $60.1M | $52.2M – $124M | $108M (+80%) | after a round | – | unknown | B | 0% |
| 1 Jun 2020 | $61.1M | $52.2M – $124M | $108M (+77%) | after a round | – | unknown | B | 0% |
| 1 Jul 2020 | $64.1M | $52.2M – $124M | $108M (+69%) | after a round | – | unknown | B | 0% |
| 1 Aug 2020 | $67.4M | $52.2M – $124M | $108M (+60%) | after a round | – | unknown | B | 0% |
| 1 Sep 2020 | $70.8M | $52.2M – $124M | $108M (+53%) | after a round | – | unknown | B | 0% |
| 10 Sep 2020 | $158M | $111M – $335M | $236M (+50%) | after a round | – | unknown | B | 0% |
| 1 Oct 2020 | $161M | $111M – $335M | $236M (+46%) | after a round | – | unknown | B | 0% |
| 1 Nov 2020 | $167M | $111M – $335M | $236M (+41%) | after a round | – | unknown | B | 0% |
| 1 Dec 2020 | $173M | $111M – $335M | $236M (+37%) | after a round | – | unknown | B | 0% |
| 1 Jan 2021 | $179M | $111M – $335M | $236M (+32%) | after a round | 41 | unknown | B | 0% |
| 1 Feb 2021 | $185M | $111M – $335M | $236M (+28%) | after a round | 41 | unknown | B | 0% |
| 1 Mar 2021 | $191M | $111M – $335M | $236M (+24%) | after a round | 41 | unknown | B | 0% |
| 1 Apr 2021 | $198M | $111M – $335M | $236M (+20%) | after a round | 41 | flat | B | 0% |
| 22 Apr 2021 | $1.3B | $1.1B – $1.9B | $1.6B (+30%) | after a round | 41 | flat | A | 0% |
| 1 May 2021 | $1.3B | $1.1B – $1.9B | $1.6B (+29%) | after a round | 41 | flat | A | 0% |
| 1 Jun 2021 | $1.3B | $1.1B – $1.9B | $1.6B (+26%) | after a round | 41 | flat | A | 0% |
| 1 Jul 2021 | $1.3B | $1.1B – $1.9B | $1.6B (+24%) | after a round | 41 | flat | A | 0% |
| 1 Aug 2021 | $1.3B | $1.1B – $1.9B | $1.6B (+21%) | after a round | 41 | flat | A | 0% |
| 1 Sep 2021 | $1.4B | $1.1B – $1.9B | $1.6B (+18%) | after a round | 41 | flat | A | 0% |
| 1 Oct 2021 | $1.4B | $1.1B – $1.9B | $1.6B (+16%) | after a round | 41 | flat | A | 0% |
| 19 Oct 2021 | $5.5B | $4.8B – $8.2B | $7.2B (+30%) | after a round | 41 | flat | A | 0% |
| 1 Nov 2021 | $5.6B | $4.8B – $8.2B | $7.2B (+29%) | after a round | 41 | flat | A | 0% |
| 1 Dec 2021 | $5.7B | $4.8B – $8.2B | $7.2B (+26%) | after a round | 41 | flat | A | 0% |
| 1 Jan 2022 | $5.8B | $4.8B – $8.2B | $7.2B (+23%) | after a round | 540 | growing | A | 0% |
| 1 Feb 2022 | $5.9B | $4.8B – $8.2B | $7.2B (+20%) | after a round | 540 | growing | A | 0% |
| 1 Mar 2022 | $6.1B | $4.8B – $8.2B | $7.2B (+18%) | after a round | 540 | growing | A | 0% |
| 1 Apr 2022 | $6.2B | $4.8B – $8.2B | $7.2B (+15%) | after a round | 540 | growing | A | 0% |
| 1 May 2022 | $6.3B | $4.8B – $8.2B | $7.2B (+13%) | after a round | 540 | growing | A | 0% |
| 12 May 2022 | $12.0B | $10.4B – $15.2B | $13.2B (+10%) | after a round | 540 | growing | A | 0% |
| 1 Jun 2022 | $12.1B | $10.4B – $15.2B | $13.2B (+9%) | after a round | 540 | growing | A | 0% |
| 1 Jul 2022 | $12.2B | $10.4B – $15.2B | $13.2B (+9%) | after a round | 540 | growing | A | 0% |
| 1 Aug 2022 | $12.3B | $10.4B – $15.2B | $13.2B (+8%) | after a round | 540 | growing | A | 0% |
| 1 Sep 2022 | $12.4B | $10.4B – $15.2B | $13.2B (+7%) | after a round | 540 | growing | A | 0% |
| 1 Oct 2022 | $12.5B | $10.4B – $15.2B | $13.2B (+6%) | after a round | 540 | growing | A | 0% |
| 1 Nov 2022 | $12.6B | $10.4B – $15.2B | $13.2B (+5%) | after a round | 540 | unknown | A | 0% |
| 1 Dec 2022 | $12.7B | $10.4B – $15.2B | $13.2B (+4%) | after a round | 540 | unknown | A | 0% |
| 1 Jan 2023 | $12.8B | $10.4B – $15.2B | $13.2B (+3%) | after a round | 540 | unknown | A | 0% |
| 1 Feb 2023 | $12.9B | $10.4B – $15.2B | $13.2B (+3%) | after a round | 540 | unknown | A | 0% |
| 1 Mar 2023 | $13.0B | $10.4B – $15.2B | $13.2B (+2%) | after a round | 540 | unknown | A | 0% |
| 1 Apr 2023 | $17.6B | $10.4B – $21.3B | $18.5B (+5%) | after a round | 2,500 | growing | B | 0% |
| 1 May 2023 | $18.3B | $10.4B – $21.3B | $18.5B (+1%) | after a round | 2,500 | growing | B | 0% |
| 1 Jun 2023 | $18.5B | $10.6B – $21.3B | $18.5B (0%) | after a round | 2,500 | growing | B | 0% |
| 1 Jul 2023 | $18.5B | $10.8B – $21.3B | $18.5B (0%) | after a round | 2,500 | growing | B | 0% |
| 1 Aug 2023 | $18.5B | $9.8B – $21.3B | $18.5B (0%) | after a round | 2,500 | unknown | B | 0% |
| 1 Sep 2023 | $18.5B | $9.6B – $21.3B | $18.5B (0%) | after a round | 2,500 | unknown | B | 0% |
| 1 Oct 2023 | $23.9B | $12.7B – $27.5B | $23.9B (0%) | after a round | 8,000 | growing | B | 0% |
| 1 Nov 2023 | $23.9B | $13.3B – $27.5B | $23.9B (0%) | after a round | 8,000 | growing | B | 0% |
| 1 Dec 2023 | $23.9B | $13.8B – $27.5B | $23.9B (0%) | after a round | 8,000 | growing | B | 0% |
| 1 Jan 2024 | $23.9B | $14.4B – $27.5B | $23.9B (0%) | after a round | 8,000 | growing | B | 0% |
| 1 Feb 2024 | $23.9B | $15.0B – $27.5B | $23.9B (0%) | after a round | 8,000 | growing | B | 0% |
| 1 Mar 2024 | $24.6B | $16.0B – $28.3B | $24.6B (0%) | after a round | 9,200 | growing | A | 0% |
| 1 Apr 2024 | $24.6B | $16.8B – $28.3B | $24.6B (0%) | after a round | 9,200 | growing | A | 0% |
| 1 May 2024 | $24.6B | $17.5B – $28.3B | $24.6B (0%) | after a round | 9,200 | growing | A | 0% |
| 1 Jun 2024 | $24.6B | $16.8B – $28.3B | $24.6B (0%) | after a round | 9,200 | growing | A | 0% |
| 1 Jul 2024 | $24.6B | $16.6B – $28.3B | $24.6B (0%) | after a round | 9,200 | growing | A | 0% |
| 1 Aug 2024 | $24.2B | $16.2B – $27.8B | $24.2B (0%) | after a round | 8,500 | growing | A | 0% |
| 1 Sep 2024 | $24.2B | $16.0B – $27.8B | $24.2B (0%) | after a round | 8,500 | growing | A | 0% |
| 1 Oct 2024 | $24.2B | $15.8B – $27.8B | $24.2B (0%) | after a round | 8,500 | growing | A | 0% |
| 1 Nov 2024 | $11.7B | $7.4B – $25.4B | $7.0B (-40%) | after a round | 6,200 | down | C | 97% |
| 1 Dec 2024 | $11.3B | $7.0B – $25.5B | $6.8B (-40%) | after a round | 6,200 | down | C | 97% |
| 1 Jan 2025 | $11.0B | $6.7B – $25.6B | $6.5B (-40%) | after a round | 6,200 | down | C | 97% |
| 1 Feb 2025 | $10.6B | $6.3B – $25.7B | $6.3B (-41%) | after a round | 6,200 | down | C | 97% |
| 1 Mar 2025 | $10.3B | $6.0B – $25.7B | $6.1B (-41%) | after a round | 6,200 | down | C | 97% |
| 1 Apr 2025 | $10.0B | $5.7B – $25.8B | $5.9B (-41%) | after a round | 6,200 | down | C | 97% |
| 1 May 2025 | $7.8B | $5.5B – $14.7B | $4.3B (-44%) | after a round | 6,200 | shrinking | B | 97% |
| 1 Jun 2025 | $10.3B | $6.0B – $24.4B | $7.2B (-30%) | after a round | 10,383 | up | C | 89% |
| 1 Jul 2025 | $10.8B | $5.8B – $24.9B | $7.8B (-28%) | after a round | 10,957 | up | C | 82% |
| 1 Aug 2025 | $11.4B | $5.7B – $25.5B | $8.5B (-26%) | after a round | 11,653 | up | C | 76% |
| 1 Sep 2025 | $11.9B | $5.5B – $25.7B | $9.1B (-24%) | after a round | 11,653 | up | C | 70% |
| 1 Oct 2025 | $12.4B | $6.9B – $25.9B | $9.6B (-22%) | after a round | 11,653 | growing | C | 64% |
| 21 Oct 2025 | $17.3B | $15.0B – $25.9B | $22.5B (+30%) | after a round | 11,653 | growing | A | 0% |
| 1 Nov 2025 | $17.4B | $15.0B – $25.9B | $22.5B (+29%) | after a round | 7,287 | down | A | 0% |
| 1 Dec 2025 | $17.8B | $15.0B – $25.9B | $22.5B (+26%) | after a round | 7,287 | down | A | 0% |
| 1 Jan 2026 | $18.2B | $15.0B – $25.9B | $22.5B (+23%) | after a round | 7,287 | down | A | 0% |
| 1 Feb 2026 | $18.6B | $15.0B – $25.9B | $22.5B (+21%) | after a round | 7,287 | down | A | 0% |
| 1 Mar 2026 | $19.4B | $15.0B – $27.2B | $23.6B (+22%) | after a round | 9,100 | growing | A | 0% |
| 1 Apr 2026 | $19.9B | $15.0B – $27.2B | $23.6B (+19%) | after a round | 9,100 | growing | A | 0% |
| 1 May 2026 | $20.5B | $15.0B – $27.4B | $23.8B (+16%) | after a round | 9,499 | growing | B | 0% |
| 1 Jun 2026 | $17.4B | $15.0B – $20.2B | $15.5B (-11%) | after a round | 9,499 | flat | A | 96% |
| 1 Jul 2026 | $17.5B | $15.0B – $20.2B | $15.3B (-12%) | after a round | 9,499 | flat | A | 96% |
| 1 Aug 2026 | $17.5B | $15.0B – $20.2B | $15.0B (-14%) | after a round | 9,499 | flat | A | 96% |
| 1 Sep 2026 | $17.5B | $15.0B – $20.2B | $14.8B (-15%) | after a round | 9,499 | flat | A | 96% |
| 1 Oct 2026 | $17.9B | $15.0B – $20.7B | $15.2B (-15%) | after a round | 9,646 | flat | A | 88% |
| 24 Oct 2026 | $18.4B | $15.0B – $21.2B | $15.1B (-18%) | after a round | 9,646 | flat | A | 81% |
Key facts about Deel
- Founded
- 2019
- Headquarters
- San Francisco, United States
- Employees
- about 9,650 +32% in a year
- Total raised
- $979M
- Funding rounds
- 7
- Last round
- Series E Oct 2025
Deel was founded in 2019 by Alex Bouaziz and Shuo Wang.
Deel funding history
Deel has 7 funding rounds on record, from Jan 2019 to Oct 2025, $979M in total. The latest disclosed valuation is $17.30B post-money (Series E, Oct 2025).
Series E 20 Oct 2025
Led by Ribbit, Andreessen Horowitz; with Coatue, General Catalyst, Green Bay Ventures.
Sources: deel.com, miranda-intelligence.com, eu.36kr.com and 1 more
$300M
$17.30B post-money
Growth Equity 11 May 2022
Led by Emerson Collective; with Andreessen Horowitz, Spark Capital, Y Combinator.
Sources: signatureblock.co, eu.36kr.com
$50M
$12.00B post-money
Series D 18 Oct 2021
Led by Coatue; with Altimeter, Andreessen Horowitz, Y Combinator, Spark Capital, Green Bay Ventures, Neo.
Sources: finsmes.com, globenewswire.com, techcrunch.com and 4 more
$425M
$5.50B post-money
Series C 21 Apr 2021
Led by Y Combinator; with Andreessen Horowitz, Spark Capital, Uber Technologies Inc., Roosh Ventures, Dara Khosrowshahi, Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, Green Bay Ventures.
Sources: signatureblock.co, techcrunch.com, fintechfutures.com and 3 more
$156M
$1.25B post-money
Series B 9 Sep 2020
Led by Spark Capital.
Sources: finsmes.com, businesswire.com, itpro.com and 4 more
$30M
$14M
$60M post-money
Seed 1 Jan 2019
With Weekend Fund, Soma Capital, Quiet Capital, Y Combinator, Esas Ventures, Incisive Ventures, AltaIR Capital, La Famiglia, Fresh Ventures.
Sources: signatureblock.co, eu.36kr.com
$3.9M
$12M post-money
Deel investors
24 investors have backed Deel; Andreessen Horowitz, Spark Capital and Y Combinator and 3 more led at least one round.
- Andreessen Horowitz lead, 5 rounds
- Spark Capital lead, 4 rounds
- Y Combinator lead, 4 rounds
- Coatue lead, 2 rounds
- Emerson Collective lead
- Ribbit lead
- AltaIR Capital
- Altimeter
- Dara Khosrowshahi
- Fresh Ventures
- General Catalyst
- Incisive Ventures
- Jeff Wilke
- Jeffrey Katzenberg
- Lachy Groom
- Soma Capital
- Uber Technologies Inc.
What Deel does
Deel works in software development services, with 15 recorded offerings and customers in human resources and payroll solutions.
Deel Inc. is an American company that provides global human resources and payroll solutions, including HR management, payroll processing, compliance support, and HR information systems. The company also offers managed services such as entity setup, background checks, equity administration, and privacy consulting. Deel serves startups, mid-market, and enterprise clients in over 150 countries, supporting international workforce management and payroll operations across multiple currencies and compliance requirements.
Description from Veridion's company data.
Products and services
- Global HR Platform Solutions
- Payroll Management Solutions
- Compliance Automation Solutions
- HRIS Integration Solutions
- Immigration and Benefits Administration Services
- Hiring and Mobility Services
- Entity Setup and Administration Services
- Background Check Administration Services
- Equity Administration Services
- Privacy Consulting Services
- Professional Employer Organization Services
- AI-Driven HR Solutions Development
- Multi-Currency Payroll Processing Services
- Cryptocurrency Payroll Processing Services
- Global Workforce Onboarding and Culture Integration Services
Markets
- Human Resources
- Payroll Solutions
Technology
- AI-Driven Compliance Automation
Business model
- Business-to-Business
- Service Provider
- Software-as-a-Service
- Enterprise
Industry codes (NAICS)
- 541214 Payroll Services 40% match
- 541612 Human Resources Consulting Services 30% match
- 541511 Custom Computer Programming Services 30% match
Questions about Deel
What is Deel worth?
Valuation $18.4B (range $15.0B to $21.2B), as of 24 Oct 2026. The last disclosed valuation was $17.30B (Series E, Oct 2025).
Has Deel raised money?
Deel has 7 funding rounds on record, from Jan 2019 to Oct 2025, $979M in total. The latest disclosed valuation is $17.30B post-money (Series E, Oct 2025).
Who has invested in Deel?
Andreessen Horowitz, Spark Capital, Y Combinator, Coatue, Emerson Collective and Ribbit, and 18 more. Lead investors include Andreessen Horowitz, Spark Capital, Y Combinator and Coatue.
How many people work at Deel?
About 9,650, up 32% over the last year. Headcount rose from 41 in Jan 2021 to 11,653 in Aug 2025, then fell to 9,646 in Sep 2026.
What does Deel do?
Deel works in software development services, with 15 recorded offerings and customers in human resources and payroll solutions. Its main offerings are global HR platform solutions, payroll management solutions and compliance automation solutions.
When was Deel founded, and where is it based?
Deel was founded in 2019 and is based in San Francisco, United States. It has about 9,650 employees, up 32% over the last year.