Funding round
Deel Series E
Deel, which works in global HR platform solutions in San Francisco, raised $300M in a Series E round announced on 20 Oct 2025, led by Ribbit and Andreessen Horowitz, at a $17.30B post-money valuation. 5 firms took part, 3 of them already investors. It is Deel's seventh venture round on record; the one before was a Growth in May 2022.
$300M
Amount raised
$17.30B
Post-money valuation
$17.00B pre-money
5
Investors
2 leads
1.4x
Step-up from the Growth
$12.00B in May 2022
1.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Deel at $17.30B after the new money, 1.4 times the $12.00B of its Growth (May 2022). The $300M bought investors about 1.7% of the company. It came 41 months after Deel's Growth. It is 31% of the $979M Deel has raised in the venture rounds on record. No later venture round is on record for Deel.
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 11 May 2022, led by Emerson Collective $50M$12.00B post-money
- Series E this round 20 Oct 2025, led by Ribbit and Andreessen Horowitz $300M$17.30B post-money
Investors
Who put money in
Ribbit and Andreessen Horowitz led the round with 3 other firms. Ribbit, Coatue and General Catalyst had backed Deel before.
Lead investors
- Ribbit backs 126 venture-backed companies existing investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Coatue backs 229 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- backs 10 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Baseten Software Development Services | 23 Jan 2026 | $300M | $5.00B | Institutional Venture Partners and CapitalG |
| SandboxAQ Software Development Services | 4 Apr 2025 | $450M | not disclosed | not named |
| Snorkel AI Software Development Services | 22 Sep 2026 | $350M | $3.50B | Insight Partners and S32 |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Deel raise in its Series E round?
Deel raised $300M in its Series E round, announced in Oct 2025.
Who led Deel's Series E round?
Ribbit and Andreessen Horowitz led it, with Coatue, General Catalyst and Green Bay Ventures.
What was Deel's valuation at the Series E round?
$17.30B post-money ($17.00B pre-money).