COMPANY INFO
Rippling, officially known as Rippling, is a privately-owned software company founded in 2016 by Parker Conrad and Prasanna Sankar. It has approximately 2,800 employees as of 2024 and operates in the human resource management industry. The company's website is https://www.rippling.com. Rippling provides a unified workforce management platform that integrates HR, IT, finance, and payroll operations into a single system, helping businesses automate and streamline administrative tasks. Its mission is to free smart people to work on hard problems by eliminating the friction of running a company through a comprehensive cloud-based platform.
Rippling, Inc. is a privately-owned software company established in 2016 by Parker Conrad and Prasanna Sankar. Operating in the human resource management and software development industry, Rippling employs over 4,200 people as of 2024. The company's unified workforce management platform integrates HR, IT, finance, and payroll functions, helping businesses automate and streamline administrative tasks. Rippling's mission is to eliminate the friction of running a company through a comprehensive, cloud-based platform that enables smart people to focus on solving challenging problems.
Rippling, Inc. has demonstrated a strong and consistent funding strategy since its inception. The company has raised approximately $1.85 billion across ten rounds, attracting a diverse mix of venture capital and strategic investors. Fuelled by rapid growth and an expanding product suite, Rippling has secured increasing valuations, including its most recent post-money valuation of $16.8 billion in May 2025. Rippling's funding history showcases major capital infusions at key inflection points to scale its workforce management platform, fuel R&D, and support international expansion.
This most recent round will be used to accelerate Rippling, Inc.'s expansion into new markets, enhance existing products, and drive the development of new platform features.
The Series F round was targeted at further enhancing the workforce management platform and investing in research and development initiatives.
This secondary market transaction provided liquidity to existing employees and early investors, reflecting continued investor demand for Rippling, Inc. shares.
Series E funding was dedicated to accelerating growth and further enhancing platform capabilities, maintaining the company’s competitive edge.
Series D funds supported product development and broader market expansion efforts, with a valuation of approximately $11.25 billion at this stage.
Series C capital was allocated to expanding into new markets and investing in innovative R&D projects.
The Series B round was raised to enhance product features and to support the rapidly growing customer base.
Series A financing was primarily aimed at scaling the workforce platform and expanding the overall customer base.
Early-stage seed capital was used for Rippling, Inc.'s initial product launch and foundational platform development.
A highly regarded angel investor and entrepreneur, Elad Gil participated as a key investor in Rippling, Inc.'s Series G round, providing both capital and strategic expertise.
As a global investment firm, Sands Capital joined Rippling, Inc.'s cap table during the later rounds, supporting the company’s continued expansion and innovation.
GIC, Singapore’s sovereign wealth fund, invested in Rippling, Inc. as part of its Series G, lending institutional support and credibility.
Goldman Sachs Alternatives contributed to the Series G round, reinforcing Rippling, Inc.’s financial backing with institutional capital.
An international investment firm, Baillie Gifford played an active role in late-stage financing, supporting Rippling, Inc.'s global growth ambitions.
Rippling, Inc. is a Y Combinator alumnus; the accelerator provided early support and guidance that helped shape its rapid trajectory.
Coatue led the Series F round in April 2024, supplying significant funding for platform enhancement and research initiatives.
This prominent venture capital firm co-led the Series B round, contributing essential capital for product improvement and customer acquisition.
Greenoaks led Rippling, Inc.'s $500 million Series E in March 2023, fueling the company's aggressive growth strategy.
Known for growth-stage technology investing, Dragoneer joined as a key investor in Rippling, Inc., helping finance its expansion efforts.
Bedrock participated in the Series D round, providing capital for both development and market reach expansion.
A long-standing Silicon Valley venture firm, Kleiner Perkins led the Series A round and participated in subsequent rounds to drive Rippling, Inc.’s adoption and growth.
Sequoia Capital, through its Global Equities arm, participated in the Series C round, supporting the company’s research and expansion initiative.
Global Growth co-led the Series C round, contributing to Rippling, Inc.’s entry into new markets.
Threshold supported Rippling, Inc. at critical funding milestones, backing its vision for integrated workforce management.
Initialized Capital was among the initial investors during Rippling, Inc.’s seed round, helping to lay the foundational groundwork for its early development.
NewDo Venture contributed capital as an early supporter, helping Rippling, Inc. achieve its initial product milestones.
SV Angel invested in Rippling, Inc.’s early funding rounds, offering capital and a strong network for strategic guidance.
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