---
title: "Deel revenue and valuation"
description: "Deel's ARR is estimated at $1.25B–$1.97B, last reported at $1.58B. Valued at $17.3B after raising $1.28B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/deel.md
canonical_url: https://www.tryspecter.com/revenue-valuation/deel
publisher: Specter
last_updated: 2026-11-01
---

# 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.

Deel provides a global payroll and HR platform to hire, pay, and manage international workers.

- Estimated revenue: $1.25B to $1.97B (October 2026)
- Estimated valuation: $19.3B to $27.7B (October 2026)
- Last reported ARR: $1.58B (August 2026)
- Total funding: $1.28B
- Founded: 2019
- Headquarters: San Francisco, United States
- Employees: 9,642
- Sector: HR tech
- Specter Rank: #8,392

## 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.

| Reported figure | Date | Source |
| --- | --- | --- |
| $1.58B ARR | August 2026 | [Seven years later](https://www.linkedin.com/posts/anton-rueda-apsc-5947a467_seven-years-later-started-as-eor-activity-7496246073905164288-hBTB) (linkedin.com) |
| $1.55B ARR | August 2026 | [$1.55B ARR 📈.](https://www.linkedin.com/posts/vidhi-p-8877381b0_155b-arr-distributed-work-is-just-activity-7490635395727085568-heRg) (linkedin.com) |
| $1.8B ARR | July 2026 | [Today marks 3 years at Deel. Somehow, it feels more like 30.](https://www.linkedin.com/posts/jose-esposito_today-marks-3-years-at-deel-somehow-it-activity-7481420018224705536-vwMa) (linkedin.com) |
| $1.5B ARR | May 2026 | [Everyone says SaaS is dead. Then you look at Deel. 🚀](https://www.linkedin.com/posts/techcontrarian_everyone-says-saas-is-dead-then-you-look-activity-7462576093519175681-WtBw) (linkedin.com) |
| $1B ARR | April 2026 | [Hey 👋 — we're hiring Head of SDR Operations, and I want to be real with you about this one.](https://www.linkedin.com/posts/soumya-naidu-33828419_gtm-revenueteamishiring-hiringatdeel-activity-7455218010430230529-Pebh) (linkedin.com) |
| $1.4B ARR | March 2026 | [BREAKING: Deel has surpassed an INSANE $1.4bn of ARR just 7 years after being founded!](https://www.linkedin.com/posts/seb-johnson_breaking-deel-has-surpassed-an-insane-14bn-activity-7439710703843926018-LePo) (linkedin.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $1.57B | $1.25B | $1.97B |
| September 2026 | $1.57B | $1.28B | $1.93B |
| August 2026 | $1.56B | $1.3B | $1.88B |
| July 2026 | $1.8B | $1.5B | $2.16B |
| June 2026 | $1.64B | $1.36B | $1.99B |
| May 2026 | $1.5B | $1.25B | $1.8B |
| April 2026 | $1B | $830M | $1.2B |
| March 2026 | $1.4B | $1.16B | $1.68B |
| February 2026 | $1.31B | $1.05B | $1.63B |
| January 2026 | $1.22B | $980M | $1.52B |
| December 2025 | $1.14B | $930M | $1.41B |
| November 2025 | $1.07B | $880M | $1.3B |
| October 2025 | $1B | $830M | $1.2B |
| September 2025 | $1B | $820M | $1.22B |
| August 2025 | $1B | $830M | $1.2B |
| July 2025 | $1B | $830M | $1.2B |
| June 2025 | $1B | $830M | $1.2B |
| May 2025 | $960M | $790M | $1.18B |
| April 2025 | $930M | $760M | $1.14B |
| March 2025 | $890M | $730M | $1.09B |
| February 2025 | $860M | $710M | $1.05B |
| January 2025 | $830M | $680M | $1.01B |
| December 2024 | $800M | $670M | $960M |
| November 2024 | $800M | $650M | $980M |
| October 2024 | $800M | $650M | $990M |
| September 2024 | $800M | $660M | $970M |
| August 2024 | $800M | $580M | $1.1B |
| July 2024 | $800M | $620M | $1.04B |
| June 2024 | $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.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $23.1B | $19.3B | $27.7B |
| September 2026 | $19.2B | $15.2B | $24.3B |
| August 2026 | $17.2B | $14B | $21.2B |
| July 2026 | $17.3B | $14.4B | $20.8B |
| June 2026 | $17.3B | $12.4B | $24.2B |
| May 2026 | $17.3B | $12.5B | $23.9B |
| April 2026 | $17.3B | $13.4B | $22.3B |
| March 2026 | $17.3B | $13.7B | $21.9B |
| February 2026 | $17.3B | $14.1B | $21.3B |
| January 2026 | $17.3B | $14.4B | $20.8B |
| December 2025 | $17.3B | $14B | $21.4B |
| November 2025 | $17.3B | $14.2B | $21.1B |
| October 2025 | $17.3B | $14.4B | $20.8B |
| September 2025 | $16.5B | $11.9B | $22.9B |
| August 2025 | $15.8B | $12.1B | $20.6B |
| July 2025 | $15.1B | $12B | $19B |
| June 2025 | $14.4B | $11.3B | $18.4B |
| May 2025 | $13.8B | $11.1B | $17B |
| April 2025 | $13.2B | $10.6B | $16.4B |
| March 2025 | $12.6B | $10.3B | $15.3B |
| February 2025 | $12B | $9.98B | $14.4B |
| January 2025 | $12B | $9.98B | $14.4B |
| December 2024 | $12B | $8.38B | $17.2B |
| November 2024 | $12B | $7.73B | $18.6B |
| October 2024 | $12B | $7.82B | $18.4B |
| September 2024 | $12B | $7.9B | $18.2B |
| August 2024 | $12B | $8.5B | $16.9B |
| July 2024 | $12B | $9.78B | $14.7B |
| June 2024 | $12B | $9.77B | $14.7B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $17.3B | July 2026 | [techcrunch.com](https://techcrunch.com/2026/01/23/the-rippling-deel-corporate-spying-scandal-may-have-taken-another-wild-turn/) |
| $17.3B | January 2026 | [calcalistech.com](https://www.calcalistech.com/ctechnews/article/s1jroxz8zg) |
| $17.3B | October 2025 | Funding round |
| $12B | February 2025 | Funding round |
| $12B | January 2025 | [linkedin.com](https://www.linkedin.com/posts/vincenzomarino88_deel-global-payroll-compliance-hr-solutions-activity-7354066449780379649-aBPx) |
| $12B | March 2024 | [techfundingnews.com](https://techfundingnews.com/second-buyout-in-2024-deel-acquires-african-startup-payspace-for-around-100m/) |
| $12B | June 2023 | [sacra.com](https://www.sacra.com/research/deel-2023/) |
| $12B | May 2022 | Funding round |
| $5.5B | October 2021 | Funding round |
| $1.25B | April 2021 | Funding round |
| $255M | September 2020 | Funding round |
| $10M | April 2019 | Funding round |

## Deel funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 16 Oct 2025 | Series E | $300M | $17.3B | Ribbit Capital, Coatue, Andreessen Horowitz |
| 4 Feb 2025 | Secondary | $300M | $12B | Undisclosed |
| 26 Dec 2024 | Venture round | $3M | Undisclosed | Undisclosed |
| 18 Nov 2022 | Secondary | Undisclosed | Undisclosed | Undisclosed |
| 11 May 2022 | Series D | $50M | $12B | Undisclosed |
| 18 Oct 2021 | Series D | $425M | $5.5B | Coatue |
| 21 Apr 2021 | Series C | $156M | $1.25B | Spark Capital, Andreessen Horowitz, Y Combinator Continuity Fund |
| 9 Sep 2020 | Series B | $30M | $255M | Spark Capital |
| 21 May 2020 | Series A | $14M | Undisclosed | Andreessen Horowitz |
| 2 Apr 2019 | Seed | $3.85M | $10M | Undisclosed |
| 18 Mar 2019 | Pre-Seed | $150K | Undisclosed | Y Combinator |
| 18 Mar 2018 | Pre-Seed | Undisclosed | Undisclosed | Undisclosed |

## Deel vs competitors

Global payroll platforms split between high-velocity automation and enterprise-heavy accounting.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Deel | $1.25B–$1.97B | $19.3B–$27.7B |
| Remote (remote.com) | $186M–$500M | $1.88B–$6.26B |
| Papaya Global (papayaglobal.com) | $100M–$260M | $650M–$1.43B |
| Safeguard Global (safeguardglobal.com) | $48M–$410M | $187M–$960M |
| Multiplier (usemultiplier.com) | $79M–$129M | $410M–$1.55B |

## Questions

### 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.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Deel revenue and valuation." tryspecter.com/revenue-valuation/deel. Updated November 2026.