Funding round
Deel Growth
Reported as "Growth Equity"
Deel, which works in global HR platform solutions in San Francisco, raised $50M in a Growth round announced on 11 May 2022, led by Emerson Collective, at a $12.00B post-money valuation. 4 firms took part, 3 of them already investors. It is Deel's sixth venture round on record; the one before was a Series D in Oct 2021.
$50M
Amount raised
$12.00B
Post-money valuation
$11.95B pre-money
4
Investors
1 lead
2.2x
Step-up from the Series D
$5.50B in Oct 2021
under 1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Deel at $12.00B after the new money, 2.2 times the $5.50B of its Series D (Oct 2021). The $50M bought investors about under 1% of the company. It came 7 months after Deel's Series D. It is 5.1% of the $979M Deel has raised in the venture rounds on record. Deel raised again 41 months later: a Series E round of $300M in Oct 2025, at $17.30B post-money.
Deel's funding rounds
Deel has 7 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2019 $3.9M$12M post-money
- Series A 21 May 2020, led by Andreessen Horowitz $14M$60M post-money
- Series B 9 Sep 2020, led by Spark Capital $30M
- Series C 21 Apr 2021, led by Y Combinator $156M$1.25B post-money
- Series D 18 Oct 2021, led by Coatue $425M$5.50B post-money
- Growth this round 11 May 2022, led by Emerson Collective $50M$12.00B post-money
- Series E 20 Oct 2025, led by Ribbit and Andreessen Horowitz $300M$17.30B post-money
Investors
Who put money in
Emerson Collective led the round with 3 other firms. Andreessen Horowitz, Spark Capital and Y Combinator had backed Deel before.
Lead investor
- Emerson Collective backs 76 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Spark Capital backs 234 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
29 Growth rounds in Software Development Services within a year either side disclosed an amount; the median was $54M, and this round was close to the median. The closest in time, other companies' Growth rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 18 May 2022 | undisclosed | not disclosed | not named |
| Software Development Services | 18 May 2022 | undisclosed | not disclosed | Abry Partners |
| Software Development Services | 29 Jun 2022 | $75M | not disclosed | not named |
| Software Development Services | 16 Feb 2022 | $200M | not disclosed | Tiger Global |
| Software Development Services | 29 Aug 2022 | $200M | $1.80B | Standard Crypto and Paradigm |
| Software Development Services | 4 Aug 2022 | $90M | not disclosed | Macquarie |
| Software Development Services | 24 Feb 2022 | $34M | not disclosed | not named |
| Software Development Services | 24 Feb 2022 | $25M | not disclosed | Round13 Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Deel raise in its Growth round?
Deel raised $50M in its Growth round, announced in May 2022.
Who led Deel's Growth round?
Emerson Collective led it, with Andreessen Horowitz, Spark Capital and Y Combinator.
What was Deel's valuation at the Growth round?
$12.00B post-money ($11.95B pre-money).
How does it compare with other Growth rounds in Software Development Services?
29 Growth rounds in Software Development Services within a year either side disclosed an amount; the median was $54M, and this round was close to the median.
Did Deel raise again after this round?
Yes: a Series E round in Oct 2025 of $300M at $17.30B post-money.