+55%

est. 2Y upside i

Series A

Making it easy for employees to donate and volunteer with good causes.

Rank

#1641

Sector

Corporate Social Responsibility (CSR) Software

Est. Liquidity

~4Y

Data Quality

Data: Medium

Deed's recent acquisition by Bonterra on March 5, 2026 fundamentally shifts the equity opportunity.

Last updated: March 10, 2026

Bull (25%)+150%

Deed's integration into Bonterra is highly successful, with its AI-forward platform driving significant cross-selling and product innovation across Bonterra's larger customer base. This leads to accelerated growth for the combined entity, pushing the implied valuation of Deed's contribution to $187.5M, representing a 150% upside from the acquisition valuation.

Base (65%)+30%

Deed integrates smoothly into Bonterra, contributing steadily to the overall platform and maintaining its competitive position within the CSR software market. The combined entity achieves moderate growth, leading to a modest appreciation in the value of the converted equity, with Deed's implied valuation reaching $97.5M, a 30% upside from the acquisition valuation.

Bear (10%)-20%

Integration challenges or stronger-than-expected competition from dominant players like Benevity and larger HR platforms hinder Deed's growth within Bonterra. This results in a flat or slightly reduced valuation for the Deed component, implying a $60M valuation, a 20% downside from the acquisition valuation, though common shareholders would still retain some value above liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Deed has raised $12.1M in total funding. Assuming an acquisition valuation of $75M, investors hold $12.1M in liquidation preferences, meaning common stock holders would receive nothing in an exit at or below this amount.

Dilution Risk

moderate

As Deed is now an operating subsidiary of Bonterra, future dilution risk is tied to Bonterra's overall funding strategy, though direct dilution for Deed's original equity holders is less immediate post-acquisition.

Secondary Liquidity

limited

Secondary liquidity for Bonterra equity may be limited, and there is no active secondary market for Deed's original equity post-acquisition, as it has been acquired.

Other — 2 roles

View all 2 open roles at Deed →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Deed's data — designed to show you've done your homework.

  • 1

    “Given Deed's recent acquisition by Bonterra, how is the integration progressing, particularly regarding product roadmap alignment, technology stack consolidation, and customer retention strategies?”

  • 2

    “What are Bonterra's strategic plans for Deed's platform, especially its AI capabilities, to enhance its competitive position against dominant players like Benevity and potential offerings from larger HR tech companies?”

  • 3

    “Could you elaborate on the equity package being offered? Specifically, what is the conversion mechanism for Deed equity into Bonterra equity, what is the assumed valuation for this conversion, and what is the anticipated timeline for a liquidity event for Bonterra?”

Community

Valuation Sentiment

Our model estimates +55% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.