Deel

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Overview

Deel
Sectors
Talent Management, Financial, Payments
Headquarters
San Francisco, California, USA
CEO
Alex Bouaziz
Deel raised $50.0M in a Series D-3 Valuation at a $30.6264 price per share, amounting to a post-money valuation of $12.0B on April 29, 2022. PMI data indicates that Deel's shares have been trading at an 26.0% discount to their Series D-3 Valuation based on institutional secondary market activity.
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Series D-3 Valuation
Latest funding round
$12.0B
XXXXX
2022-04-29
XX-XX-XXXX
AV Implied Valuation
$8.87B
2024-12-16
AV Implied Valuation
XXXXX
XX-XX-XXXX
Change since Last Round
-26.00%
2022-04-29 ➞ 2024-12-16
Change since Last Round
XXXXX
XX-XX-XXXX
Secondary Activity
Medium
XXXXX
Volume
$66.0M
XXX
(90 day period)
Bid
XXX
Ask
XXX
Bid
$45.5M
Ask
$20.5M

“Deel's mission is to simplify global hiring and compliance, empowering businesses to expand their teams internationally with ease and efficiency.”

Founded in 2018 by Alex Bouaziz and Shuo Wang, Deel is a global payroll and compliance platform that helps businesses hire and manage remote teams worldwide. Headquartered in San Francisco, Deel provides a comprehensive suite of services, including payroll processing, compliance management, and employee onboarding. The platform is designed to streamline the complexities of international hiring, enabling companies to focus on growth and innovation.

Business Model

Deel operates on a software-as-a-service (SaaS) model, offering subscription-based services to businesses looking to hire and manage international teams. The platform provides tools for payroll, compliance, and HR management, allowing companies to handle cross-border employment seamlessly. Deel generates revenue through subscription fees and additional services, catering to startups and large enterprises seeking to expand their global workforce.

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Targeted Impact

Deel aims to revolutionize global hiring by providing a seamless platform that simplifies payroll and compliance for international teams.

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Who Will Benefit?

Businesses of all sizes looking to hire and manage remote teams across borders will benefit from Deel's comprehensive platform.

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What Comes Next?

Deel plans to continue expanding its platform capabilities and partnerships to support the growing demand for global remote work solutions.

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Deel Growth Timeline

Deel and Competition

Deel competes with other global payroll and compliance platforms such as Remote, Papaya Global, and Oyster. Its focus on simplifying international hiring and compliance differentiates it from competitors.

Partners

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