According to a recent LinkedIn post from Deel, the company is promoting The Pitch by Deel, a global startup funding competition that recently held an event in Paris sponsored by J.P. Morgan. The post notes that 14 startup founders at this event each secured $50,000 in investment capital.
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The post describes The Pitch as offering SAFE funding of $50,000 to winners of seven regional events, with top startups advancing to Global Finals where 10 companies can receive $1,000,000 each. It indicates that the competition targets pre-seed to Series A companies across any industry and geography, with a streamlined application process.
For investors, the initiative suggests Deel is investing in ecosystem building and early-stage founder relationships that could strengthen its brand among high-growth startups. This type of program may support future customer acquisition, expand Deel’s network with both founders and financial partners like J.P. Morgan, and potentially position the company closer to emerging companies that could drive future demand for its services.