+33%

est. 2Y upside i

Series D+

Global payroll and compliance platform for hiring international workers

Rank

#1014

Sector

Human Capital Services

Est. Liquidity

~2Y

Data Quality

Data: High

Deel offers substantial upside potential (expected +32.5% over 2 years) driven by strong growth, profitability, and global moat.

Last updated: July 19, 2026

Bull (25%)+85%

Strong growth and profitability plus IPO catalyst could maintain or expand multiple to 10x, implying $27.9B exit, yielding 85% upside net of 10% dilution.

Base (30%)+41%

Growth moderates to 35% in year 2, multiple converges to comp median 7.5x, exit ~$20.9B, net upside 41% after dilution.

Bear (45%)-2%

Multiple compresses to 5x due to legal disputes and competition, exit $13.96B, slight downside net of preference and dilution.

Est. time to liquidity~2.0 years
Adjusted for competitive dynamics: 47% (raw: 33%, adjustment: +15%)

Preference Stack Risk

moderate

Funding Intensity

7010%

Total preferred stock of $982M represents 6.8% of entry valuation, so common stock retains significant value.

Dilution Risk

moderate

As a late-stage profitable company, dilution from future rounds is low, but option pool grants will dilute 5-10% over 2 years.

Secondary Liquidity

active

Secondary market values Deel at $14.35B, indicating active trading of shares.

Questions to Ask at the Interview

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

  • 1

    “How do you see Deel defending its global compliance moat against Rippling's aggressive expansion?”

  • 2

    “Given the high growth rate, what is the optimal balance between reinvestment and profitability?”

  • 3

    “What is your view on the likelihood of an IPO within 2 years and the impact on equity liquidity?”

Community

Valuation Sentiment

Our model estimates +33% upside. What do you think?

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