Post by Monark Markets

A look at one of the most closely watched private companies in the world, Deel, synthesized through Sacra (as of May 2026): → Estimated $1.4B annualized revenue in February 2026, up 63% YoY from $800M in 2024, with ~16% EBITDA margin and ~85% gross margins → $17.3B valuation at the October 2025 Series E, a $300M primary led by Ribbit Capital alongside Coatue and Andreessen Horowitz → ~$1.6B raised in total since 2019 founding by Alex Bouaziz and Shuo Wang; backers include a16z, YC Continuity, Spark Capital, Coatue, Ribbit, General Catalyst, and Mubadala → Valuation path: $1.25B (Apr 2021), $5.5B (Oct 2021), $12B (May 2022), $12.6B (Feb 2025 secondary), $17.3B (Oct 2025); preparing for an IPO as soon as 2026 → Pricing: $49 per contractor per month, $599 per EOR employee per month, $19-29 for domestic payroll, $99+ for IT management → 25,000+ customers across tech, gaming, marketing, and logistics, including Shopify, Dropbox, Nike, Mistral, and Anthropic → Vertically integrated across 150+ countries with own legal entities and 2,000+ in-country compliance experts, eliminating 20-30% third-party EOR fees and 15% local payroll markups → $2B+ in monthly payment volume drives 25-30% of revenue from fintech (FX spread, payment rails); $250M processed in stablecoin payouts on Polygon → 13 acquisitions to date, including PaySpace, Zavvy, and Hofy, with nearly 60% of revenue from cross-sell and upsell The bet is becoming the unified system of record for a workforce that is increasingly global, distributed, and partly composed of AI agents. With $1.4T spent annually on contractor payments and the global HR tech market projected at $40B by 2029, Deel sits at the intersection of payroll, fintech, and workforce management as it positions for a 2026 public listing. Another reminder that some of the most consequential platforms of this decade are scaling almost entirely in private markets, with public investors entering only at the back half of the compounding curve. Source: Sacra research and other publicly available information as of May 2026. Information has not been independently verified and may change without notice. This content is provided for informational and educational purposes only and does not constitute investment advice or an offer or solicitation to buy or sell any security. Private market investments are speculative, illiquid, and involve substantial risk. #PreIPO #PrivateMarkets #Deel #Payroll #GlobalHR #Fintech #AlternativeInvestments #CapitalMarkets #Monark

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