Deel

How much has Deel raised?

Deel has raised more than $900 million in reported primary and secondary financing depending on what is counted. Its latest primary round was a $300 million Series E in October 2025 at a $17.3 billion valuation.

Total raised
$900M+ reported
Disclosed rounds
Seed through Series E plus secondary
Latest round
$300M Series E
Latest valuation
$17.3B
First raised
2019 YC / seed
Notable backer
Andreessen Horowitz

Deel's funding rounds

Deel's financing history tracks one of the fastest HR-tech scale-ups of the remote-work era.

  1. 2019Seed / YCDeel launches through Y Combinator.
  2. May 2020Series A - $14MLed by Andreessen Horowitz.
  3. Sep 2020Series B - $48MLed by Spark Capital.
  4. Apr 2021Series C - $156MDeel becomes a unicorn as global hiring accelerates.
  5. Oct 2021Series D - $425MCoatue and DST Global lead major growth financing.
  6. May 2022Extension - $50M at $12BAdditional capital values Deel at $12B.
  7. Oct 2025Series E - $300M at $17.3BRibbit, a16z, and Coatue co-lead the round.

Sources:Deel Series EDeel about

How much has Deel raised in total?

Depending on whether secondaries are included, Deel has raised more than $900 million in reported financing. The latest primary capital event is the $300 million Series E at $17.3 billion.

Who are Deel's investors?

Investors include Andreessen Horowitz, Ribbit Capital, Coatue, Spark Capital, DST Global, General Catalyst, Green Bay Ventures, Emerson Collective, and others.

Why did the valuation move?

The valuation moved because Deel compounded revenue quickly, expanded from contractors into full payroll/HR infrastructure, and reported profitability while operating in a large global workforce market.

Is Deel profitable, and will it IPO?

Deel has publicly described itself as profitable and has been discussed as an IPO candidate, but it has not filed an S-1 or announced IPO timing.

What does Deel's funding mean if you sell into them?

Deel is a scaled enterprise buyer with budgets across compliance, payroll infrastructure, risk, finance, data, AI, support, IT, security, and global operations. Expect rigorous procurement and vendor review.

As of June 2026.Sources:Deel Series ECrunchbase News - Deel Series Ea16z investment list

Deel — frequently asked questions

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