Private Valuation & Funding Round Tracker · Deel

Deel funding rounds & valuation history

Name: Deel Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Deel’s funding from the 2020 Series B to the $300M Series E at $17.3B in October 2025, plus the February 2025 secondary sale at $12.6B. Each row gives the amount, leads, valuation and its source, and is labelled as a closed round or a tender (secondary sale, no new money).

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 6 Currency: US$, nominal

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Last valuation Closed

$17.3B

Series E, $300M, Oct 2025

Co-leads, Series E

Ribbit

With Andreessen Horowitz and Coatue (Deel)

$1.25B → $17.3B

13.8×

Series E ÷ Series C (GNF calc.)

Raised in closed rounds

$961M

Series B to E in this table; excludes the $300M secondary

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Deel funding rounds and secondary sale, September 2020 to October 2025
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
16 Oct 2025	Closed round	Series ELast closed round. Deel says it passed $1B ARR earlier in 2025; no multiple because the valuation basis is not stated. TechCrunch names Ribbit and a16z as co-leads.	$300M	Ribbit Capital, Andreessen Horowitz, Coatue (co-leads, per Deel)Also: General Catalyst and other existing investors (TechCrunch)	$17.3BStated by Deel; pre- or post-money not stated1.44× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Deel announcement, Oct 2025Also: TechCrunch, 16 Oct 2025
Announced 4 Feb 2025	Tender	Secondary share sale ($300M)Announced with an $800M annual revenue run rate (Deel to CNBC). CNBC says the sale was “conducted last year” (2024); exact close date not disclosed, so the row is dated at the announcement. Secondary sale, not a primary round; no step-up.	$300MShares sold by early investors; no money to Deel (Calcalist)	General Catalyst, Mubadala (buyers)	$12.6BTwo sources familiar, per CNBC; Calcalist says “about $12 billion”. Not stated by Deel.	—Not disclosedTender price, not a new round; no multiple	CNBC, 4 Feb 2025Also: TechCrunch, 4 Feb 2025, Calcalist (Ctech), 4 Feb 2025
11 May 2022	Closed round	Series D extension (reported)Calcalist (2025) says this round was led by Emerson Collective. Deel did not announce the valuation itself.	$50M	Emerson Collective (new investor)Also: Andreessen Horowitz, Spark Capital, Y Combinator (existing)	$12BReported by Axios (anonymous sources), via TechCrunch; pre- or post-money not stated2.18× vs prior closed	—Not disclosedNo run-rate stated in the announcement	TechCrunch (citing Axios), 11 May 2022Also: Calcalist (Ctech), 4 Feb 2025
18 Oct 2021	Closed round	Series DDeel’s CEO told CNBC it was on pace for $50M revenue in 2021.	$425M	CoatueAlso: Altimeter Capital, Andreessen Horowitz, Neo, Spark Capital, YC Continuity Fund	$5.5BStated by Deel; pre- or post-money not stated4.40× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Deel announcement, 18 Oct 2021Also: TechCrunch, 18 Oct 2021, CNBC, 18 Oct 2021
21 Apr 2021	Closed round	Series CDeel became a unicorn with this round.	$156M	YC Continuity FundAlso: Andreessen Horowitz, Spark Capital (existing); angels incl. Dara Khosrowshahi, Lachy Groom	$1.25BAnnounced by Deel (TechCrunch); pre- or post-money not stated	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 21 Apr 2021
Sep 2020	Closed round	Series BEarliest round in this tracker. Deel had about 500 customers at the time (TechCrunch).	$30M	Spark Capital	—Not disclosedValuation not disclosed	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 18 Oct 2021Also: TechCrunch, 21 Apr 2021

“vs prior closed” = valuation ÷ the prior closed round’s valuation (GNF calc.). The 2025 secondary sale is a tender and has no step-up.

Valuation at each closed round

Closed primary rounds with a valuation. Pre- or post-money is not stated in any source. The 2025 secondary sale ($12.6B) is not plotted.

Series CApr 2021$1.25B
Series DOct 2021$5.5B
Series D ext.May 2022$12B
Series EOct 2025$17.3B

Sources: Deel; TechCrunch (2022 via Axios). US$ billions, linear scale.

Timeline

Each round and the secondary sale, oldest first.

Sep 2020 · Closed
Series B: $30M led by Spark Capital. Valuation not disclosed.
21 Apr 2021 · Closed
Series C: $156M at $1.25B, led by YC Continuity.
18 Oct 2021 · Closed
Series D: $425M at $5.5B, led by Coatue.
11 May 2022 · Closed
$50M at $12B, with Emerson Collective (Axios).
Announced 4 Feb 2025 · Tender
$300M secondary sale to General Catalyst and Mubadala at $12.6B; sale conducted in 2024, per CNBC. No new money.
16 Oct 2025 · Closed
Series E: $300M at $17.3B, co-led by Ribbit, a16z and Coatue.

Still private: Deel has not filed to go public. In February 2025 it told CNBC it was preparing for an IPO “as early as” 2026; no filing has been reported. Deel says it passed $1.5B in ARR in the first half of 2026 (Calcalist, Aug 2026).

Cite this dataset

Free to quote with a link back. Copy this citation:

Deel Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/deel/

Download the data

The same 6 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: deel-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/deel-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by Deel or reported by the press, with the outlet named.

Tender

A sale of existing shares to new buyers. It sets a valuation but brings no new money to Deel. No step-up or multiple.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated at that round (GNF calc.). Deel states ARR or run-rate figures, but never says whether its valuations are pre- or post-money, so no multiple is shown.

What is not a separate row

Seed and Series A rounds (2019–2020). Revenue and ARR figures, except as context. Secondary-market prices and IPO speculation. Deel’s litigation with Rippling.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled: Series B to Series E and the February 2025 secondary sale, checked against the linked sources.