Deel funding: rounds, investors and valuation
Deel, based in San Francisco, has raised US$925m in five announced funding rounds since May 2020. Its Series E of US$300m in October 2025 was co-led by Ribbit Capital, Andreessen Horowitz and Coatue Management, with General Catalyst and Green Bay Ventures participating, at a US$17.3bn valuation. Its previous announced valuation was US$5.5bn, in October 2021.
Funding over timeCumulative US$ raised across announced rounds; each tick on the axis is a round
The largest round, the US$425m Series D in October 2021, is 46% of the US$925m raised across its announced rounds. Rounds have come a median of 6.5 months apart.
Show the figures
| Round | Announced | Amount | Total after it |
|---|---|---|---|
| Series A | May 2020 | US$14m | US$14m |
| Series B | September 2020 | US$30m | US$44m |
| Series C | April 2021 | US$156m | US$200m |
| Series D | October 2021 | US$425m | US$625m |
| Series E | October 2025 | US$300m | US$925m |
Deel funding roundsNewest first
- Oct 2025Series ELed by Ribbit Capital, Andreessen Horowitz and Coatue Management, with General Catalyst and Green Bay Ventures.US$300mValuation US$17.3bn
- Oct 2021Series DLed by Coatue, with Altimeter Capital, Andreessen Horowitz, Neo, Spark Capital and YC Continuity Fund.US$425mValuation US$5.5bn
- Apr 2021Series CLed by YC Continuity, with Andreessen Horowitz and Spark Capital.US$156mValuation US$1.25bn
- Sep 2020Series BLed by Spark Capital.US$30m
- May 2020Series ALed by Andreessen Horowitz.US$14m
Deel investors
- Andreessen Horowitz
- Series E, October 2025 (lead); Series D, October 2021; Series C, April 2021; Series A, May 2020 (lead)
- Spark Capital
- Series D, October 2021; Series C, April 2021; Series B, September 2020 (lead)
- Coatue
- Series D, October 2021 (lead)
- Coatue Management
- Series E, October 2025 (lead)
- Ribbit Capital
- Series E, October 2025 (lead)
- YC Continuity
- Series C, April 2021 (lead)
- Altimeter Capital
- Series D, October 2021
- General Catalyst
- Series E, October 2025
- Green Bay Ventures
- Series E, October 2025
- Neo
- Series D, October 2021
- YC Continuity Fund
- Series D, October 2021
Deel funding: common questions
How much has Deel raised?+
Deel has raised US$925m across five announced funding rounds since May 2020. The latest was a US$300m Series E in October 2025.
Who invested in Deel?+
Ribbit Capital, Andreessen Horowitz and Coatue Management led the Series E in October 2025, with General Catalyst and Green Bay Ventures participating. Coatue led the Series D in October 2021, with Altimeter Capital, Andreessen Horowitz, Neo, Spark Capital and YC Continuity Fund participating. YC Continuity led the Series C in April 2021, with Andreessen Horowitz and Spark Capital participating.
What was Deel's last announced valuation?+
Deel was valued at US$17.3bn in October 2025, at its Series E, up from US$5.5bn at its Series D in October 2021.
When did Deel last raise money?+
Deel's most recent round was a US$300m Series E announced in October 2025, led by Ribbit Capital, Andreessen Horowitz and Coatue Management.
More on Deel: Full profile · All funding in October 2025 · Directory listing
Part of Accountio’s accounting technology funding tracker.
