Startup profile · funding coverage
Rippling funding, valuation and investors
Workforce platform unifying HR, IT, payroll, and corporate spend.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series F
$200M · April 2024
Latest known valuation
$13.5B
Series F · April 2024
Total disclosed equity funding
$345M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · San Francisco, California, USA
Overview
Rippling combines HRIS, payroll, benefits, device management, and corporate cards in one platform for mid-market companies. Founded by Parker Conrad (also Zenefits/SigFig) in 2016, Rippling executes 'compound startup' strategy acquiring adjacent products. Coatue led $200M Series F (Apr 2024) at $13.5B; Founders Fund led $145M Series B (2020). a16z participated in growth rounds.
Why Rippling is interesting
Parker Conrad's compound startup after Zenefits — $200M Series F (2024) at $13.5B from Coatue as Rippling buys aggressively to own employee system-of-record.
Product & use cases
Rippling unified employee graph powers payroll, app provisioning (Okta-like), device shipping, expense cards, and benefits — one login for HR and IT admins.
- Onboarding hires with payroll + laptop + app access in one flow
- Global payroll and EOR expansion
- Corporate card and expense management
- Benefits administration for mid-size companies
Key facts
- Series F (Apr 2024): $200M at $13.5B led by Coatue — Reuters
- Series B (2020): $145M led by Founders Fund
- Parker Conrad founder (Zenefits, SigFig)
- Compound HR+IT+spend platform
Funding history (newest first)
Series F
2024-04 $200M Valuation: $13.5BSource: Read source · reuters.com
Series B
2020-08 $145MInvestors in our directory
Funds linked from Rippling's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Unified employee record reduces integration tax vs buying Gusto + Okta + Expensify separately; Conrad's second-act execution focus.
HR+IT convergence is crowded post-Zenefits lessons. Rippling wins on integrated UX; risk is support quality at scale and Conrad regulatory history scrutiny.
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Gusto direct
SMB payroll and HR; less IT depth.
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Deel adjacent
Global payroll/EOR focus.
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Workday incumbent
Enterprise HCM upstream of Rippling's mid-market.
Notable stories
- Conrad founded Rippling explicitly as 'compound startup' learning from Zenefits compliance failures — broader product surface from day one.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Rippling's financing or category context.
FAQs about Rippling
Practical answers founders, operators, and investors typically search for.
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