Deel

Payroll platform for remote teams that connects localized compliance and payments in one system.

Launch date

Aug 2021

Employees

Market cap

Net debt

Enterprise valuation

$12.0b (Public information from May 2022)

Company register number 16186188

San Francisco California (HQ)

Revenues, earnings & profits over time

USD	2020	2021	2022	2023
Revenues	4.0m	57.0m	290m	500m
% growth	-	1325 %	409 %	72 %

Date	Investors	Amount	Round
-	Catapult VC Work life ventures Oliver Jung Ali Capital Ischyros New York Quiet Capital Jam Fund Roosh Ventures Nomad Capital W Ventures	N/A	-
Mar 2019	Y Combinator Justin Mateen AltaIR Capital Elad Gil La Famiglia Daniel Gross Avichal Garg Soma Capital Recursive Ventures Weekend Fund Esas Ventures Alexandre Scialom	$3.9m	Seed
May 2020*	Andreessen Horowitz	$14.0m	Series A
Sep 2020	Y Combinator Spark Capital William Hockey Ryan Petersen Nat Friedman John Zimmer Alexis Ohanian & 1 more	$30.0m	Series B
Apr 2021	Andreessen Horowitz Y Combinator Spark Capital Jeffrey Katzenberg Anthony Schiller Dara Khosrowshahi Lachy Groom Jeff Wilke	$156m Valuation: $1.3b 312.5x EV/LTM Revenues	Series C
Oct 2021*	Andreessen Horowitz Y Combinator Spark Capital Coatue Management Altimeter Capital Green Bay Ventures Neo vc	$425m Valuation: $5.5b 1375.0x EV/LTM Revenues	Series D
May 2022*	Andreessen Horowitz Y Combinator Spark Capital Emerson Collective	$50.0m Valuation: $12.0b 210.5x EV/LTM Revenues	Late VC
Mar 2024	Discovery Ventures	N/A	Late VC
Total Funding		$679m