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: $13.5BSeries B
2020-08 $145MSource: https://news.crunchbase.com/startups/rippling-raises-145m/
Investors 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
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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