Deel ownership and board: what the filings reveal and leave open

analysisDeel, Inc. is registered in Delaware under number 6465099, with a July 3, 2017 formation date. Its retained securities filing identifies Lifeslice, Inc. as a previous name, while later business accounts describe Deel as founded in 2019. These statements answer different questions: the first identifies the corporation, and the second describes the operating business. The LEI ties the corporate name to the same registration number; it does not establish a banking licence or certify the company’s conduct. ^{1 2 3}

analysisDeel’s March 2025 corporate disclosure says it has no parent corporation and no publicly held corporate shareholder with a stake of 10% or more. That narrow disclosure is useful, but it leaves private shareholders and any smaller positions unresolved. It should not be presented as a full beneficial-ownership register. ⁴

analysisThe December 2024 Form D names Alex Bouaziz, Philippe Bouaziz, Shuo Wang, Anish Acharya, Francis deSouza, Todd Ford and Franck Cohen as directors. The founder and executive designations are separately marked in the filing. The earlier February 2023 filing also named Yasmin Razavi and Ali Rowghani. An absence in a later list is evidence of a changed snapshot, but does not supply an exact departure date or the reasons for departure. ^{3 5}

analysisThe offering described in the December 2024 notice amounts to approximately $1.529 million of equity sold. That figure is neither a valuation nor the company’s lifetime funding. A separate October 2025 financing report described $300 million at a $17.3 billion valuation, involving Ribbit Capital, Coatue and Andreessen Horowitz. The same report estimated founder stakes of about 12% each and described a profit forecast. Those estimates and projections retain their attribution; they are not filed ownership percentages or audited results. ^{3 6}

analysisA November 2025 account records Joe Kauffman becoming CFO and president. Deel’s later biography describes Philippe Bouaziz as executive chairman and chief strategy officer, formerly CFO. This matters when reading litigation documents that still describe him using his earlier title: the old title helps identify his alleged role at that time, but should not override the later personnel account. The retained evidence establishes neither an automatic transfer of legal responsibility nor the reason for every management change. ^{7 8}

analysisThe later high valuation followed several earlier financing rounds. September 2020 reporting names Spark Capital as leader of a $30 million Series B, Andreessen Horowitz as a participant, Y Combinator as an earlier investor and Sarona Partners as the first investor. Yasmin Razavi’s Spark role helps explain the investor and board overlap. These dated accounts establish involvement, not the present economic percentage held by any fund or individual. ⁹

analysisShuo Wang’s role extends beyond appearing in a securities filing: a retained biography identifies her as co-founder and chief revenue officer. It also describes her earlier work as co-founder and CTO of Aeris. This professional history is retained as a dated business role, without adding personal wealth, migration details or unsupported links through every subsequent Aeris owner. ¹⁰