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Deel

Invest in Deel

HR Tech

Founded: 2019

Headquarters: San Francisco, California

deel.com

Status

Available

Last Round Valuation

$50 Billion

Share Price

$50.00

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About
Summary
Valuation

About Deel

Deel is the all-in-one HR platform for global teams. It helps companies simplify every aspect of managing an international workforce, from culture and onboarding to local payroll and compliance. Deel works for independent contractors and full-time employees in more than 150 countries, compliantly. And getting set up takes just a few minutes.

Key Facts

In the evolving landscape of global employment, companies are shifting from traditional, locally focused hiring practices to embracing a global talent pool, spurred by the advantages of remote work. This transition, however, introduces significant challenges in managing and compensating a globally distributed workforce. Employers face the complexities of adhering to diverse local and international payroll and HR regulations, which can be daunting, costly, and time-consuming. With limited solutions available, such as establishing costly foreign subsidiaries or relying on professional employment organizations that come with high fees, companies are in dire need of efficient ways to navigate these complexities without compromising compliance or efficiency.

Deel simplifies the management and compensation of a global workforce by offering an all-in-one platform that handles the complexities of international payroll, tax, and compliance laws. It enables companies to hire, onboard, pay, and manage employees in over 150 countries without the need for local entities, navigating the intricacies of local labor laws and tax regulations seamlessly. By consolidating various HR functions into a single platform, Deel eliminates the need for multiple tools and reduces the administrative burden, making global employment accessible and manageable for businesses of all sizes.

Deel equips teams with the tools, features, and guidance they need in a single platform to eliminate hiring and management borders. It enables businesses and teams to collaborate more effortlessly than before, unlocking access to unprecedented opportunities.

Deel offers multiple solutions for hiring and managing teams globally.

Deel's Hire Anywhere service simplifies the global hiring and management of both contractors and EOR (Employer of Record) employees, enabling businesses to automate processes such as onboarding, compliance, invoicing, health benefits, and payments.

For EOR employees, Deel operates legal entities in over 100 countries and provides expert visa assistance, facilitating the hiring of employees globally on behalf of its clients.

Deel collects all tax and permit documents, generates W9s and 1099s, creates and sends contracts, and maintains an audit trail.

The Deel platform streamlines the creation of invoices and facilitates global payments, providing a single hub for all contracts, expenses, and benefits, along with a unified overview of the team. It enables companies to execute payments to everyone through a single bulk transaction while handling tax withholdings, pension contributions, benefits, and government fees.

It also simplifies termination by automatically calculating the final payment per the termination date, country labor law, time off used, and more.

Deel’s hire for contractors allows companies to hire, pay, and provide benefits to contractors anywhere in the world in minutes.

Deel Shield offers the highest security level for contractor hiring, providing complete protection against the risks of misclassification.

Deel also provides immigration services handling all the intricate visa administration and allows companies to run background checks on candidates.

Deel HR empowers clients to oversee their entire workforce, ranging from direct employees to international contractors, covering aspects such as onboarding, offboarding, leave management, workflows, expenses, a people directory, organizational charts, compliance, security, and reporting.

In addition, with Deel Equipment, companies can ship and manage laptops, monitors, and headphones for their workforce needs in a few clicks.

Deel Equity lets users offer almost any kind of equity or token plan to employees and contractors, including Non-Qualified Stock Options (NSOs), Stock Warrants, Restricted Stock Units (RSUs), Restricted Token Units (RTUs), and Stock Appreciation Rights (SARs) and Phantom stocks.

Deel charges its customers directly based on the number of active contracts per month and does not charge contractors or employees.

For independent contractors, Deel charges its customers $49 per active contract per month.

For full-time employees hired through an EOR model, Deel charges its customers $599 per active contract per month.

For global payroll and immigration services, Deel charges custom pricing.

Deel HR is free for companies of up to 200 people as of early 2023.

In December 2024, Deel acquired London-based money transfer service Atlantic Money. “This acquisition aims to strengthen Deel’s payment infrastructure in Europe and integrate Atlantic Money’s FinTech expertise into the company,” Deel said in an announcement.

In December 2024, Deel announced it had acquired Assemble, a leader in compensation management.

In February 2025, CNBC reported, Deel achieved an annual revenue run rate of $800 million in 2024, and is ramping up preparations to go public in 2026. The company generated a 70% year-over-year jump in revenue in December 2024.

In February 2025, CNBC reported, Deel added General Catalyst and Abu Dhabi sovereign wealth fund Mubadala to its capitalization table, as part of a $300 million secondary share sale. After the secondary share transaction, the company's valuation rose to $12.6 billion.

"We're preparing to go public, possibly next year or later," Deel CEO and co-founder Alex Bouaziz told CNBC in February 2025, noting that the company recently appointed two new board members: former Illumina CEO Francis deSouza and former Coupa CFO Todd Ford.

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Summary

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Customers

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Key Investors

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Size of Market

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Market Position

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Industry

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Primary Vertical

HR Tech

Employees

500

Mosaic Score

840

Money

760

Momentum

850

Management

760

Market

960

What is a Mosaic Score?

Key Officers

Name Work History Title Status
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current

Valuation

Valuation Over Time

chart

Last Round

Sept. 2019, Series B1

Valuation Post-Money

$400.2M

Amount Raised

$2.5M

Total Funds Raised

$75.2M

Implied Valuation

$84M

Funding Rounds

Date Round Amount Valuation Investors
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here

Competitive Landscape

Company Valued Revenue
Coinbase
San Francisco, CA
$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B

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