Funding round
Deel Seed
Deel, which works in global HR platform solutions in San Francisco, raised $3.9M in a Seed round announced on 1 Jan 2019, at a $12M post-money valuation. 9 firms took part. It is Deel's first venture round on record.
$3.9M
Amount raised
$12M
Post-money valuation
$8.2M pre-money
9
Investors
no lead named
32%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Deel at $12M after the new money. The $3.9M bought investors about 32% of the company. It is Deel's first venture round on record, in the year it was founded (2019). It is under 1% of the $979M Deel has raised in the venture rounds on record. Deel raised again 16 months later: a Series A round of $14M in May 2020, at $60M post-money.
Deel's funding rounds
Deel has 7 venture rounds on record. This one is highlighted.
- Seed this round 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 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
9 firms took part; no lead investor was named.
Investors
- backs 32 venture-backed companies new investor
- Soma Capital backs 206 venture-backed companies new investor
- backs 111 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- Incisive Ventures new investor
- AltaIR Capital new investor
- backs 41 venture-backed companies new investor
- Fresh Ventures new investor
Comparable rounds
How it compares
70 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $2.1M, and this round was 1.8 times the median. The closest in time, other companies' Seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| AI21 Software Development Services | 1 Jan 2019 | $9.5M | not disclosed | not named |
| Software Development Services | 1 Jan 2019 | $6.7M | not disclosed | Forbes |
| Software Development Services | 14 Jan 2019 | $5.0M | not disclosed | Signia Venture Partners |
| Snorkel AI Software Development Services | 1 Jan 2019 | $3.0M | not disclosed | not named |
| Software Development Services | 1 Jan 2019 | $2.9M | not disclosed | DCVC and Spider Capital |
| Software Development Services | 5 Feb 2019 | $2.3M | not disclosed | Dubai Angel Investors and May Nasrallah |
| Software Development Services | 27 Feb 2019 | $2.0M | not disclosed | 2Enable Partners and Hyperplane |
| Software Development Services | 1 Feb 2019 | $2.0M | not disclosed | Duke Capital Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Deel raise in its Seed round?
Deel raised $3.9M in its Seed round, announced in Jan 2019.
Which investors took part in Deel's Seed round?
Weekend Fund, Soma Capital, Quiet Capital, Y Combinator, Esas Ventures and Incisive Ventures and 3 more.
What was Deel's valuation at the Seed round?
$12M post-money ($8.2M pre-money).
How does it compare with other Seed rounds in Software Development Services?
70 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $2.1M, and this round was 1.8 times the median.
Did Deel raise again after this round?
Yes: a Series A round in May 2020 of $14M at $60M post-money.