Deel revenue and valuation
Specter estimates Deel's annual revenue at $1.25B to $1.97B and its valuation at $19.3B to $27.7B. The company last reported $1.58B ARR in August 2026 and was priced at $17.3B in October 2025.
- Estimated revenue
- $1.25B–$1.97B
- Estimated valuation
- $19.3B–$27.7B
- Reported ARR
- $1.58B
- Total funding
- $1.28B
- Founded
- 2019
- Headquarters
- San Francisco, United States
- Employees
- 9,642
Deel revenue
Deel grew from $1.4B ARR in March 2026 to $1.58B in August 2026. Specter's model puts current ARR between $1.25B and $1.97B, anchored to six reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $1.57B | $1.25B | $1.97B | ||
| $1.57B | $1.28B | $1.93B | ||
| $1.56B | $1.3B | $1.88B | $1.58B | |
| $1.8B | $1.5B | $2.16B | $1.8B | |
| $1.64B | $1.36B | $1.99B | ||
| $1.5B | $1.25B | $1.8B | $1.5B | |
| $1B | $830M | $1.2B | $1B | |
| $1.4B | $1.16B | $1.68B | $1.4B | |
| $1.31B | $1.05B | $1.63B | ||
| $1.22B | $980M | $1.52B | ||
| $1.14B | $930M | $1.41B | ||
| $1.07B | $880M | $1.3B | ||
| $1B | $830M | $1.2B | ||
| $1B | $820M | $1.22B | ||
| $1B | $830M | $1.2B | ||
| $1B | $830M | $1.2B | ||
| $1B | $830M | $1.2B | ||
| $960M | $790M | $1.18B | ||
| $930M | $760M | $1.14B | ||
| $890M | $730M | $1.09B | ||
| $860M | $710M | $1.05B | ||
| $830M | $680M | $1.01B | ||
| $800M | $670M | $960M | ||
| $800M | $650M | $980M | ||
| $800M | $650M | $990M | ||
| $800M | $660M | $970M | ||
| $800M | $580M | $1.1B | ||
| $800M | $620M | $1.04B | ||
| $800M | $610M | $1.05B |
Deel valuation
Deel's valuation rose from $10M at its Seed in April 2019 to $17.3B at its Series E in October 2025. Specter's live estimate sits between $19.3B and $27.7B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $23.1B | $19.3B | $27.7B | ||
| $19.2B | $15.2B | $24.3B | ||
| $17.2B | $14B | $21.2B | ||
| $17.3B | $14.4B | $20.8B | $17.3B (press) | |
| $17.3B | $12.4B | $24.2B | ||
| $17.3B | $12.5B | $23.9B | ||
| $17.3B | $13.4B | $22.3B | ||
| $17.3B | $13.7B | $21.9B | ||
| $17.3B | $14.1B | $21.3B | ||
| $17.3B | $14.4B | $20.8B | $17.3B (press) | |
| $17.3B | $14B | $21.4B | ||
| $17.3B | $14.2B | $21.1B | ||
| $17.3B | $14.4B | $20.8B | $17.3B (round) | |
| $16.5B | $11.9B | $22.9B | ||
| $15.8B | $12.1B | $20.6B | ||
| $15.1B | $12B | $19B | ||
| $14.4B | $11.3B | $18.4B | ||
| $13.8B | $11.1B | $17B | ||
| $13.2B | $10.6B | $16.4B | ||
| $12.6B | $10.3B | $15.3B | ||
| $12B | $9.98B | $14.4B | $12B (round) | |
| $12B | $9.98B | $14.4B | $12B (press) | |
| $12B | $8.38B | $17.2B | ||
| $12B | $7.73B | $18.6B | ||
| $12B | $7.82B | $18.4B | ||
| $12B | $7.9B | $18.2B | ||
| $12B | $8.5B | $16.9B | ||
| $12B | $9.78B | $14.7B | ||
| $12B | $9.77B | $14.7B |
Deel funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series E | $300M | $17.3B | Ribbit Capital, Coatue, Andreessen Horowitz | |
| Secondary | $300M | $12B | Undisclosed | |
| Venture round | $3M | Undisclosed | Undisclosed | |
| Secondary | Undisclosed | Undisclosed | Undisclosed | |
| Series D | $50M | $12B | Undisclosed | |
| Series D | $425M | $5.5B | Coatue | |
| Series C | $156M | $1.25B | Spark Capital, Andreessen Horowitz, Y Combinator Continuity Fund | |
| Series B | $30M | $255M | Spark Capital | |
| Series A | $14M | Undisclosed | Andreessen Horowitz | |
| Seed | $3.85M | $10M | Undisclosed | |
| Pre-Seed | $150K | Undisclosed | Y Combinator | |
| Pre-Seed | Undisclosed | Undisclosed | Undisclosed |
Deel competitors
Global payroll platforms split between high-velocity automation and enterprise-heavy accounting.
| Company | Revenue | Valuation |
|---|---|---|
| $1.25B–$1.97B | $19.3B–$27.7B | |
| $186M–$500M | $1.88B–$6.26B | |
| $100M–$260M | $650M–$1.43B | |
| $48M–$410M | $187M–$960M | |
| $79M–$129M | $410M–$1.55B |
Deel revenue and valuation FAQ
What is Deel's revenue?
Specter estimates Deel's annual recurring revenue at $1.25B to $1.97B as of October 2026. Deel last reported $1.58B ARR in August 2026, up from $1.4B in March 2026.
What is Deel's valuation?
Deel's latest post-money valuation is $17.3B, from an October 2025 Series E. Specter's live estimate is $19.3B to $27.7B.
What is Deel's revenue multiple?
Deel is valued at about 10.9× ARR, based on its $17.3B October 2025 valuation and $1.58B last reported ARR. That works out to roughly $164K of ARR per employee.
How much funding has Deel raised?
$1.28B across 12 rounds, from a Pre-Seed in March 2018 to a $300M Series E in October 2025.
Who invested in Deel?
57 investors, including Andreessen Horowitz, Coatue, Ribbit Capital, Spark Capital, Y Combinator and Y Combinator Continuity Fund.
Who are Deel's competitors?
Remote, Papaya Global, Safeguard Global and Multiplier. Specter ranks 30 competitors for Deel.