Deel, founded in 2019, is a human resources (HR) and payroll software company that helps businesses hire, pay and manage contractors and full-time employees across more than 150 countries, handling payroll, compliance and benefits for global and remote teams. Founded by Alex Bouaziz and Shuo Wang, the company is headquartered in San Francisco, CA, and operates in the enterprise human-resources software market. According to CNBC, Deel's revenue run rate reached roughly $800 million as of early 2025.
The company has raised capital from prominent investors including Andreessen Horowitz, Coatue Management, Ribbit Capital, General Catalyst and Spark Capital. In February 2025, CNBC reported that Deel was preparing to go public and aiming to hold an initial public offering (IPO) as early as 2026, though Deel had not confirmed official dates. Publicly traded competitors include Automatic Data Processing (ADP), Paychex (PAYX) and Paycom (PAYC).
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Deel is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.
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Can you sell shares of Deel before it goes public?
Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Deel is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.
If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.
What is the pre-IPO value of my Deel shares?
To explore the value of your Deel shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.
These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.
Is Deel a publicly traded company?
Deel is a private company and not publicly traded.
If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.
To learn more about Deel potential IPO
Will Deel go IPO?
Deel has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.
What is Deel’s IPO price?
The Deel IPO price does not exist at this time, as Deel is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Deel, register for Forge today.
When was Deel founded?
Deel was founded in 2019.
What is Deel funding to date?
Deel has raised $960.87M to date.
Deel major investors
Andreessen Horowitz
Spark Growth Ventures
Y Combinator
Deel pre-IPO valuation and funding rounds
Funding history chart
Funding round and deals details
Funding Date
Round
Amount Raised
Price per Share
Post-Money Valuation 3
Key Investors
10/16/2025
Series E
$300M
$38.92
$17.3B
Andreessen Horowitz, Coatue Management, General Catalyst, Ribbit Capital
Price per Share
$ xx.xx
Shares Outstanding
7,708,793
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
--
Key Investors
Andreessen Horowitz, Coatue Management, General Catalyst, Ribbit Capital
05/11/2022
Series D-3
$27.66M
$30.63
$12B
Andreessen Horowitz, Emerson Collective, Spark Growth Ventures, Y Combinator
Price per Share
$ xx.xx
Shares Outstanding
903,232
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
--
Key Investors
Andreessen Horowitz, Emerson Collective, Spark Growth Ventures, Y Combinator
10/18/2021
Series D-1
$425.5M
$14.11
$5.5B
Altimeter Capital Management, Andreessen Horowitz, Coatue Management, Green Bay Ventures, Neo, Neo Global Capital, Spark Growth Ventures, Y Combinator
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
--
Key Investors
Altimeter Capital Management, Andreessen Horowitz, Coatue Management, Green Bay Ventures, Neo, Neo Global Capital, Spark Growth Ventures, Y Combinator
10/18/2021
Series D-2
$3M
$5.53
$5.5B
Altimeter Capital Management, Andreessen Horowitz, Coatue Management, Green Bay Ventures, Neo, Neo Global Capital, Spark Growth Ventures, Y Combinator
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
--
Key Investors
Altimeter Capital Management, Andreessen Horowitz, Coatue Management, Green Bay Ventures, Neo, Neo Global Capital, Spark Growth Ventures, Y Combinator
04/21/2021
Series C
$156M
$3.48
$1.25B
1776, 8090 Industries, 8VC, Aaron Harris, Abstract Ventures, Accomplice VC, Acrew Capital, Alexandre Scialom, Ali Rowghani, Ambush Capital, Andreessen Horowitz, Anthony Schiller, Asylum Ventures, Austin Ogilvie, Ben Lang, Bob Meese, Brad Garlinghouse, Bradley Horowitz, C2 Capital Partners, Cambrian Ventures, Chapter One Ventures, Charlie Songhurst, Coatue Management, Cofounder Ventures, Craft Ventures, Creandum Ab, Dara Khosrowshahi, Elad Gil, Electric Capital, Eric Ries, Eunoia Capital Partners, Fifth Wall Ventures, Fifty Years Vc, Fika Ventures, Flucas Ventures, Founders Fund, Franklin Templeton Venture Fund, General Catalyst, Global Founders Capital, Gradient Ventures, Green Bay Ventures, Greycroft, Haun Ventures Management, Hit Forge, Howard Schultz, Incisive Ventures, Inflection Capital, Ironspring Ventures, Jefferies, Jeff Morris, Jeffrey Katzenberg, Jeff Seibert, Jeff Wilke, Jim Pallotta, Jon Runyan, Josh Mohrer, Justin Kitch, Justin Mateen, Jutta Steiner, Karl Mehta, Kathleen Hale, Khosla Ventures, Lachy Groom Fund, Lakestar Capital, Liquid 2 Ventures, MaC Venture Capital, Marc Benioff, Menlo Ventures, Michael Ma, Mike Volpe, Moonshots Capital, Moving Capital, Next47 Ventures, Next Play Ventures, Oak Hc/Ft, Oyster Ventures, Peter Ackerson, Ralph Gootee, Ribbit Capital, Roosh Ventures, Russell Cook, Ryan Chan, Sahin Boydas, Seven Seven Six, Shervin Pishevar, Social Capital, SoftBank, Soma Capital, Sound Venture, Spark Growth Ventures, Sung Ho Choi, Susa Ventures, Thirdbase Capital, Third Kind Venture Capital, Tq Ventures, Tracy Young, Tribe Capital, Union Square Ventures, Valentin Gui, Vinay Hiremath, Wayne Chang, Weekend Fund, William Hockey, Work Life Ventures, Y Combinator
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
--
Key Investors
1776, 8090 Industries, 8VC, Aaron Harris, Abstract Ventures, Accomplice VC, Acrew Capital, Alexandre Scialom, Ali Rowghani, Ambush Capital, Andreessen Horowitz, Anthony Schiller, Asylum Ventures, Austin Ogilvie, Ben Lang, Bob Meese, Brad Garlinghouse, Bradley Horowitz, C2 Capital Partners, Cambrian Ventures, Chapter One Ventures, Charlie Songhurst, Coatue Management, Cofounder Ventures, Craft Ventures, Creandum Ab, Dara Khosrowshahi, Elad Gil, Electric Capital, Eric Ries, Eunoia Capital Partners, Fifth Wall Ventures, Fifty Years Vc, Fika Ventures, Flucas Ventures, Founders Fund, Franklin Templeton Venture Fund, General Catalyst, Global Founders Capital, Gradient Ventures, Green Bay Ventures, Greycroft, Haun Ventures Management, Hit Forge, Howard Schultz, Incisive Ventures, Inflection Capital, Ironspring Ventures, Jefferies, Jeff Morris, Jeffrey Katzenberg, Jeff Seibert, Jeff Wilke, Jim Pallotta, Jon Runyan, Josh Mohrer, Justin Kitch, Justin Mateen, Jutta Steiner, Karl Mehta, Kathleen Hale, Khosla Ventures, Lachy Groom Fund, Lakestar Capital, Liquid 2 Ventures, MaC Venture Capital, Marc Benioff, Menlo Ventures, Michael Ma, Mike Volpe, Moonshots Capital, Moving Capital, Next47 Ventures, Next Play Ventures, Oak Hc/Ft, Oyster Ventures, Peter Ackerson, Ralph Gootee, Ribbit Capital, Roosh Ventures, Russell Cook, Ryan Chan, Sahin Boydas, Seven Seven Six, Shervin Pishevar, Social Capital, SoftBank, Soma Capital, Sound Venture, Spark Growth Ventures, Sung Ho Choi, Susa Ventures, Thirdbase Capital, Third Kind Venture Capital, Tq Ventures, Tracy Young, Tribe Capital, Union Square Ventures, Valentin Gui, Vinay Hiremath, Wayne Chang, Weekend Fund, William Hockey, Work Life Ventures, Y Combinator
Global HR and payroll platform Deel has secured USD 300 million in Series E funding led by Ribbit Capital, with participation from Andreessen Horowitz, Coatue Management, General Catalyst, and Green Bay Ventures.
Plus, AI is the new gender gap front in tech, law school admissions are getting more competitive and nurses are pushing back on AI patient care in this...
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PRIVATE MARKET UPDATE
$32.49 
