Rippling Raises $145M in Series B Funding
Summary
Rippling, a San Francisco, CA-based platform to manage their HR & IT, raised $145m in Series B funding. The round was led by Founders Fund with participation from Greenoaks Capital, Coatue Management, and Bedrock Capital, as well as existing investors including Kleiner Perkins, Initialized Capital, and Y Combinator. Co founded by CEO Parker Conrad and CTO Prasanna Sankar, Rippling provides businesses with a platform to manage their HR & IT — from payroll and benefits, to employee devices and apps — all in a single system. It enables every company to onboard a new employee quickly and set up their payroll, health insurance, work computer, and third-party apps like Gmail, Microsoft Office, and Slack. The platform unifies every employee system, and automates the administrative work behind each.
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