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Deel, founded in 2019 and headquartered in San Francisco, California, is a global people platform that specializes in managing international workforces. The company offers services including global payroll processing, employment compliance, contractor and employee onboarding, and human resources information system (HRIS) integration. Deel has experienced significant growth since its inception, serving over 20,000 customers in more than 150 countries, including notable clients such as Nike, Shopify, and Dropbox.
The company has demonstrated strong financial performance, with reports indicating that Deel crossed $500 million in annual recurring revenue (ARR) as of March 2024, up from $290 million at the end of 2022. Deel claims to have been EBITDA positive since September 2022 and still has $600 million in cash reserves. The company has also been actively expanding its offerings through strategic acquisitions, including the purchase of Zavvy, a Munich-based AI-powered people development startup, and PaySpace, an African-based payroll and HR software company.
While there is no official announcement regarding Deel's IPO plans, reports suggest that the company may be considering going public in the 2025/2026 timeframe. However, it's important to note that these are unconfirmed reports, and the company has not made any formal statements about its IPO intentions.
Factors that could influence Deel's potential IPO decision include its continued revenue growth, profitability, and market conditions in the HR technology sector. The company's ability to maintain its competitive edge in the global payroll and HR solutions market, as well as its success in integrating recent acquisitions, may also play a role in any future IPO considerations.
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While Deel's IPO prospects remain uncertain, investors eager to gain exposure to innovative HR tech companies don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies like Deel, potentially allowing you to benefit from their growth before they go public. Our platform provides opportunities to diversify your portfolio with lower minimum investments in emerging industry leaders, including those revolutionizing the global workforce management space.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
