Companies · Fintech

Deel, Inc.Winter 2019Active

SAN FRANCISCO · CA, USA; Remote · Fintech · refined from filed group “Other Technology · founded 2018 · https://www.deel.com/

Diligence memoA one-page analyst read on Deel, Inc. — recommendation, valuation, rhythm, risks.
$509.4M
Total raised · real
6
Rounds
2.0×
Latest step-up
Top 2%
Sector rank · raised
Growth/Late
Latest stage · inferred · Fri Dec 13 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Deel, Inc. looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the fintech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.06× the median modeled value of Growth/Late Fintech companies in 2022–2024 (6 peers) — value vs value, same stage and era.
Quiet
  • Last raise 19 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Fintech

Deel, Inc. is one of 1063 Fintech companies tracked from SAN FRANCISCO, CA, USA; Remote, on record since 2018. By capital raised it ranks among the largest (ahead of 99% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

The all-in-one HR and payroll platform for global teams

Deel is the all-in-one payroll and HR platform for global teams. Built for the way the world works today, Deel combines HRIS, payroll, compliance, benefits, performance, and equipment management into one seamless platform. With AI-powered tools and a fully owned payroll infrastructure, Deel supports every worker type in 120+ countries—helping businesses scale smarter, faster, and more compliantly. Discover how Deel makes global work simple at deel.com.

B2BFintechHR TechPayrollSaaSai/mlhr/worktech
Find Deel, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
45
Investors (latest)
2024-12-13
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0B$10.0B$15.0B$20.0BSeries B · 2020-05-19 Raised $19M (real) Modeled valuation $586M (est)Series B2020Series B · 2020-08-27 Raised $30M (real) Modeled valuation $895M (est)Series B2020Series D+ · 2021-03-30 Raised $156M (real) Modeled valuation $4.2B (est)Series D+2021Growth/Late · 2021-09-14 Raised $429M (real) Modeled valuation $11.0B (est)Growth/Late2021Growth/Late · 2022-04-29 Raised $28M (real) Modeled valuation $615M (est)Growth/Late2022Growth/Late · 2022-04-29 Raised $28M (real) Modeled valuation $615M (est)Growth/Late2022Growth/Late · 2024-11-13 Raised $1.5M (real) Modeled valuation $19M (est)Growth/Late2024Growth/Late · 2024-12-13 Raised $3.0M (real) Modeled valuation $37M (est)Growth/Late2024+$30M+$156M+$429M+$28M+$28M+$1.5M+$3.0MCumulative $693M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$18.6M · 2020
Series B extension$30.1M · 2020
Series D+$156.0M · 2021no Series C on file
Growth/Late$428.5M · 2021
Growth/Late extension$27.7M · 2022
Growth/Late extension$27.7M · 2022
Growth/Late extension$1.5M · 2024
Growth/Late extension$3.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$36.8M
Base estimate est.
$22.5M
Conservative case
$45.3M
Upside case
$30.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the fintech sector profile. Directional, not a quoted figure.

Series B · modeled $585.7M · 2020-05-192020Series B · modeled $895.1M · 2020-08-27Series D+ · modeled $4.2B · 2021-03-30Growth/Late · modeled $11.0B · 2021-09-14Growth/Late · modeled $615.4M · 2022-04-29Growth/Late · modeled $615.4M · 2022-04-29Growth/Late · modeled $19.1M · 2024-11-13Growth/Late · modeled $36.8M · 2024-12-132024
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
86%
Survival probability
75% low · 93% high
1.25×/yr
Annual markup
1.37×/yr upside case
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
fintech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$111.5M/yr
Capital velocity
6.1 yr
On record since
2020
First round
8
Rounds on file
How it compares to the market

Benchmarked against 1063 companies in Fintech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 119× above median
This company$509.4M
Sector median$4.3M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.0× of median
This company$3.0M
Sector median$155.9M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$36.8M
Sector median$45.0M

Raised more than 99% of sector peers (real $). Modeled value above 81% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #4 of 6.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0B$100K$1.0M$10.0M$100.0M$1.0B$10.0BCapital raised (log)Metropolis Technologies, Inc. · Growth/Late Raised $1.2B · modeled $14.5B (est)Stripe, Inc. · Growth/Late Raised $2.7B · modeled $9.9B (est)Fawry · Growth/Late Raised $51.0M · modeled $1.2B (est)Amenli · Growth/Late Raised $1.0M · modeled $16.0M (est)My Easy Transfer · Growth/Late Raised $420K · modeled $6.6M (est)Deel, Inc. (this company) Raised $509.4M · modeled $36.8M (est)Deel, Inc.
CompanyStageRaised · realValue · estvs peer med.
Metropolis Technologies, Inc.Growth/Late$1.2B$14.5B23.44×
Stripe, Inc.Growth/Late$2.7B$9.9B16.03×
FawryGrowth/Late$51.0M$1.2B1.94×
Deel, Inc. this companyGrowth/Late$509.4M$36.8M0.06×
AmenliGrowth/Late$1.0M$16.0M0.03×
My Easy TransferGrowth/Late$420K$6.6M0.01×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$18.6M2020-05-19$103.4M$585.7M90%
Series B$30.1M2020-08-27$167.2M$895.1M90%
Series D+$156.0M2021-03-30$1.3B$4.2B90%
Growth/Late$428.5M2021-09-14$4.3B$11.0B90%
Growth/Late$27.7M2022-04-29$276.6M$615.4M90%
Growth/Late$27.7M2022-04-29$276.6M$615.4M90%
Growth/Late$1.5M2024-11-13$15.3M$19.1M90%
Growth/Late$3.0M2024-12-13$30.0M$36.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$18.6M2020-05-19
    • First recorded raise — entered as Series B.
    • 39 investors on this round.
  2. Series B$30.1M2020-08-27
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 24 investors on this round.
  3. Series D+$156.0M2021-03-30
    • Came back fast: 7 mo vs the ~12 mo sector norm.
    • Round 5.2× larger than the prior — scaling up.
    • 26 investors on this round.
  4. Growth/Late$428.5M2021-09-14
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 68 investors on this round.
  5. Growth/Late$27.7M2022-04-29
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round 15.5× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  6. Growth/Late$27.7M2022-04-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  7. Growth/Late$1.5M2024-11-13
    • Raised again after 31 mo — slower than the ~12 mo sector norm.
    • Round 18.1× smaller than the prior — bridge or down round.
    • 43 investors on this round.
  8. Growth/Late$3.0M2024-12-13
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 45 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~8mo cadence
$5.9M
Modeled next size est.range $3.8M$9.4M
2.0×
Last step-up
$111.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Ali Rowghani6 other2021-03
Anish Acharya4 other2020-05
Yasmin Razavi1 other2020-08
Alexandre Bouaziz2020-08
Alex Bouaziz2020-05
Francis deSouza2024-11
Franck Cohen2021-03
Philippe Bouaziz2020-05
Shuo Wang2020-05
Todd Ford2024-11
Registry & provenance

Deel, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1813695
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
MatX Inc.Other TechnologyGrowth/Late$647.8M$5.0Bnetwork1 shared operator · same stage
Forward Lending, Inc.FintechSeries B$55.8M$293.3Mnetwork1 shared operator · same sector
PayAll Payment Systems, Inc.FintechSeries B$17.2M$240.9Mnetwork1 shared operator · same sector
Checkr, Inc.Other TechnologySeries D+$488.6M$5.9Bnetwork1 shared operator
Convoy, Inc.OtherSeries D+$479.6M$5.2Bnetwork1 shared operator
AmenliFintechGrowth/Late$1.0M$16.0Msame sector · same stage
Trade ShieldFintechGrowth/Late$820K$9.4Msame sector · same stage
My Easy TransferFintechGrowth/Late$420K$6.6Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
HEVN, inc
Agentic payroll
Fintech81%
Plane
#1 easiest-to-use payroll for startups
Fintech79%
noHQ
International contractor and multi country payroll
Fintech77%
Every
Banking + Payroll/Benefits + Bookkeeping + Tax in one place
Fintech77%
Humi Holdings Corp.
Payroll, HR, and Health Benefits for Canada's SMB's
FintechSeries A$71.4M76%
Fond
Rewards and recognition SaaS for HR leaders
Fintech76%
Openroll
The AI workforce for People and Finance teams
HR / Worktech76%
Runa, LLC
Automating payroll for Latin America.
FintechSeries A$51.9M75%
Frequently asked
How much funding has Deel, Inc. raised?
Deel, Inc. has raised approximately $509.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Deel, Inc.'s estimated valuation?
Provath's modeled valuation for Deel, Inc. is approximately $36.8M (modeled range $22.5M–$45.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Deel, Inc. at?
Deel, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Fri Dec 13.
What does Deel, Inc. do and where is it based?
Deel, Inc. operates in the Fintech sector, based in SAN FRANCISCO, CA, USA; Remote. The all-in-one HR and payroll platform for global teams
Explore related

See where Deel, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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