How Much Did Rippling Raise? Headquarters, Funding & Key Investors

Rippling, founded in 2016 and headquartered in San Francisco, has raised $1.987 billion across multiple funding rounds and is currently valued at $13.5 billion. Its platform unifies HR, IT, and finance operations, managing payroll, benefits, onboarding, IT devices, and security for enterprises. With 1,001–5,000 employees, Rippling serves thousands of businesses globally, streamlining workforce management and compliance. The company’s rapid growth, supported by major investors like Coatue, Greenoaks, and Kleiner Perkins, positions it as a leading all-in-one solution in the highly competitive workforce management space.

How Much Did Rippling Raise? Funding & Key Investors

Rippling has raised $1.987 billion across multiple funding rounds, achieving a latest valuation of $13.5 billion. The platform integrates HR, IT, and finance operations into a single, unified system.

Keep reading to explore Rippling’s fundraising journey, key investors, and what’s ahead for this innovative workforce management platform.

What Is Rippling and What Does It Do?

Founded in 2016 by Parker Conrad and Prasanna Sankar, Rippling is headquartered in San Francisco, California. The company provides a comprehensive workforce management platform that unifies HR, IT, and finance operations into a single system.

Rippling’s platform handles the entire employee lifecycle, from onboarding to benefits administration, and provides IT management tools for device monitoring, software access, and security oversight. It also includes payroll processing, financial tracking, and spend management features.

With a workforce of 1,001–5,000 employees, Rippling helps businesses streamline operations, ensure compliance, and scale effectively.

How Much Funding Has Rippling Raised?

Seed Round
- Amount Raised: $7M
- Date: March 2017
- Lead Investors: Hydrazine Capital, Initialized Capital
- Motivation: Develop the initial platform and validate the business model.
Series A
- Amount Raised: $45M
- Date: April 2019
- Lead Investors: Kleiner Perkins
- Motivation: Scale the platform and expand the customer base.
Series B
- Amount Raised: $145M
- Date: August 2020
- Lead Investors: Founders Fund
- Motivation: Enhance product features and support rapid growth.
Series C
- Amount Raised: $250M
- Date: October 2021
- Lead Investors: Global Growth, Sequoia Capital Global Equities
- Motivation: Expand into new markets and invest in research and development.
Series D
- Amount Raised: $250M
- Date: May 2022
- Lead Investors: Bedrock, Kleiner Perkins
- Valuation at Round: $11.25B
- Motivation: Support product development and market expansion.
Series E
- Amount Raised: $500M
- Date: March 2023
- Lead Investors: Greenoaks
- Valuation at Round: $11.25B
- Motivation: Accelerate growth and enhance platform capabilities.
Secondary Market
- Amount Raised: $590M
- Date: April 2024
- Motivation: Provide liquidity to current and former employees and early investors.
Series F
- Amount Raised: $200M
- Date: April 2024
- Lead Investors: Coatue
- Valuation at Round: $13.5B
- Motivation: Enhance the workforce management platform and invest in research and development.

Total Funding Raised: $1.987B

Latest Valuation (2024): $13.5B

Key Investors

Coatue
- Details: Coatue is a global investment firm focusing on technology, media, and telecommunications, known for major investments in high-growth companies.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors.
- Notable Investments: Snap Inc., DoorDash, ByteDance.
Greenoaks
- Details: Greenoaks invests in technology companies at various stages, with a focus on high-growth potential startups.
- Investment Focus Areas: Technology, fintech, e-commerce.
- Notable Investments: Brex, Robinhood, Stripe.
Bedrock
- Details: Bedrock is a VC firm targeting early-stage technology companies with strong growth potential.
- Investment Focus Areas: Early-stage technology, software, consumer internet.
- Notable Investments: Cameo, Figma, Plaid.
Kleiner Perkins
- Details: Kleiner Perkins is a well-known VC firm with a long history in technology and life sciences, backing top Silicon Valley companies.
- Investment Focus Areas: Technology, life sciences, healthcare.
- Notable Investments: Google, Amazon, Twitter.
Founders Fund
- Details: Founders Fund is a San Francisco-based VC investing in technology across stages and sectors.
- Investment Focus Areas: Technology, aerospace, healthcare.
- Notable Investments: SpaceX, Palantir, Facebook.

Where Is Rippling’s Headquarters?

Rippling is headquartered in San Francisco, California, placing it within a major technology hub and near top talent in HR, IT, and SaaS platforms.

What’s Next for Rippling?

Rippling stands at the cusp of significant growth, driven by its recent $200M Series F round. The company aims to expand technological capabilities, penetrate new market segments, and develop additional cloud services. Integration of AI and machine learning for enhanced automation and analytics is a key focus area.

Future fundraising opportunities appear promising, with continued investor confidence likely to support growth. Challenges include intense competition, maintaining rapid expansion, and ensuring continuous innovation to stay ahead in the workforce management space.

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