Rippling, a San Francisco, CA-based HR solution that manages businesses’ human resources, IT, and operations, raised $250 million in Series D funding.
The round was co-led by Bedrock and Kleiner Perkins, with participation from existing investors Y Combinator, Sequoia Capital, and more. The round values the company at $11.25 billion.
This investment will help further build on Rippling’s core thesis that employee data is critical to a surprisingly large number of business systems, including the ones well outside of HR.
Company: Rippling People Center Inc.
Raised: $250.0M
Round: Series D
Funding Month: May 2022
Lead Investors: Bedrock and Kleiner Perkins
Additional Investors: Y Combinator and Sequoia Capital
Company Website: https://www.rippling.com/
Software Category: HR Software
About the Company: Rippling is the first way for businesses to manage all of their HR & IT, payroll, benefits, computers, apps, and more, in one unified workforce platform. Rippling helps to centralize employee data and systems and automate all the manual processes involved with employee management, this helps the companies to run more efficiently. Rippling integrates with HR systems to get employees set up and prepared for a workday and places. Rippling’s mission is to eliminate the administrative work of running a company.
Source: https://www.rippling.com/blog/rippling-raises-250m-in-series-d-funding