Deel was founded in 2019 by Alex Bouaziz and Shuo Wang. Deel has not officially endorsed a plan to participate in an IPO.
Deel is an HR and payroll software company designed to integrate company processes for remote companies. Per Forge data, Deel raised $679 million in funding over 9 rounds, with their latest funding being raised on Nov 18, 2022. Key investors include Spark Capital, Coatue, and Y Combinator.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/11/2022 | Series D-3 | $50MM | $xx.xx | $11.99B | Emerson Collective, Andreessen Horowitz, Spark Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
1,632,579
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emerson Collective, Andreessen Horowitz, Spark Capital, Y Combinator
|
||||||
10/18/2021 | Series D-2 | $3MM | $xx.xx | $5.5B | Coatue, Altimeter Capital, Andreessen Horowitz, YC Continuity Fund, Spark Capital, Greenbay Ventures, Neo | |
Price per Share
$xx.xx
Shares Outstanding
542,152
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue, Altimeter Capital, Andreessen Horowitz, YC Continuity Fund, Spark Capital, Greenbay Ventures, Neo
|
||||||
10/18/2021 | Series D-1 | $425.5MM | $xx.xx | $5.5B | Coatue, Altimeter Capital, Andreessen Horowitz, YC Continuity Fund, Spark Capital, Greenbay Ventures, Neo | |
Price per Share
$xx.xx
Shares Outstanding
30,155,063
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue, Altimeter Capital, Andreessen Horowitz, YC Continuity Fund, Spark Capital, Greenbay Ventures, Neo
|
||||||
04/21/2021 | Series C | $156MM | $xx.xx | $1.25B | Y Combinator, Andreessen Horowitz, Spark Capital, Dara Khosrowshahi, Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, Anthony Schiller | |
Price per Share
$xx.xx
Shares Outstanding
44,797,080
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Y Combinator, Andreessen Horowitz, Spark Capital, Dara Khosrowshahi, Lachy Groom, Jeffrey Katzenberg, Jeff Wilke, Anthony Schiller
|
||||||
03/12/2021 | Series B | $30.1MM | $xx.xx | $230.2MM | Spark Capital | |
Price per Share
$xx.xx
Shares Outstanding
41,005,430
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Spark Capital
|
||||||
05/21/2020 | Series A-5 | $150,052 | $xx.xx | $59.09MM | Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
12,525,290
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz
|
||||||
05/21/2020 | Series A-4 | $2.65MM | $xx.xx | $59.09MM | Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
24,274,020
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz
|
||||||
05/21/2020 | Series A-3 | $1.57MM | $xx.xx | $59.09MM | Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
21,591,640
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz
|
||||||
05/21/2020 | Series A-2 | $183,559 | $xx.xx | $59.09MM | Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
9,701,880
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz
|
||||||
05/21/2020 | Series A-1 | $14.05MM | $xx.xx | $59.09MM | Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
60,150,700
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz
|