Rippling, a San Francisco, CA-based workforce management startup, raised $200M in new financing.
The company also signed agreements with investors to repurchase up to $590M of equity from current employees, former employees, and early investors. The financing was led by Coatue with participation from Founders Fund, Greenoaks and other existing investors. Dragoneer is joining the round as a new investor.
The financing values the company at $13.5 billion.
We’re pleased to announce Rippling has raised $200M in new financing, and signed agreements with investors to repurchase up to $590M of equity from current employees, former employees, and early investors. The financing was led by Coatue with participation from Founders Fund, Greenoaks, and other existing investors. Dragoneer is joining the round as a new investor.
The financing values the company at $13.5 billion.
The company will continue to expand in new markets and invest in R&D to enhance its current offering and build new products to support clients.
Rippling is a workforce management system that enables companies tp automate everything from routine tasks, like running payroll, to cross-functional planning, like aligning on headcount.
FinSMEs
22/04/2024