Deel vs Rippling
Side-by-side equity comparison for employees weighing offers at Deel or Rippling. Valuations, funding history, headcount growth, and secondary-market context.
| Deel | Rippling | |
|---|---|---|
| Latest valuation | $17B | $17B |
| Latest round | Series D | Series F |
| Round date | — | March 2024 |
| Total raised | $679M | $1.4B |
| Founded | 2019 | 2016 |
| Headquarters | San Francisco, CA | San Francisco, CA |
| Employees | 9,070 | 7,248 |
| Employee YoY growth | +74% | +47% |
| Primary industry | HR & Workforce | HR & Workforce |
| Secondary-market price | $27.65 | $36.64 |
| Base-case equity multiple | 1x | 2x |
| Upside equity multiple | 1x | 3x |
| Lead investors | Andreessen Horowitz, Y Combinator | Founders Fund, Greenoaks Capital |
| Status | private | private |
Overview
Deel provides global payroll, HR, and compliance infrastructure that enables companies to hire and pay employees and contractors in over 150 countries while handling tax filings, benefits, and local labor law compliance.
Rippling provides a unified workforce platform that combines HR, IT, and finance management including payroll, benefits, device management, and expense tracking.
Why we compare these
Rippling appears on Sara's List 2021; Deel is a direct competitor we track alongside it.
If you're evaluating offers at either one, the equity math depends on more than the headline valuation — dilution, strike price, time to liquidity, and concentration risk all matter. Use our equity compensation calculator and exit calculator to model your own numbers.