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RIPPLING
Rippling
HR technology (HR, IT and finance management platform) · San Francisco, California · United States · Founded · 2016 · ≈ · 5,000 · employees

Rippling Funding — Last Valued at $16.8B

Private

Rippling has raised $3.4B across 5 funding rounds, plus 7 undated rounds. The latest round valued Rippling at $16.8B post-money.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Rippling funding · at a glance
Total raised, all rounds
$3.4B
some round sizes not disclosed
Funding rounds
5
plus 7 undated rounds
Latest round
$16.8B
post-money · May 2025
Lead on that event
new investors Sands Capital, GIC, Goldman Sachs Growth and Baillie Gifford
2025
About Rippling

Rippling raised $450 million in a May 2025 Series G that valued it at $16.8 billion, up from $13.5 billion a year earlier, with new investors Sands Capital, GIC, Goldman Sachs Growth, and Baillie Gifford lifting total funding to $1.85 billion. Greenoaks Capital had earlier arranged nearly $500 million to keep customer payroll payments flowing after Silicon Valley Bank collapsed in 2023.

Funding timeline

The Rippling funding timeline

5 funding rounds, the latest highlighted.

2016
Rippling founded

Rippling was founded in 2016, United States.

UNDATED
Series G Tender offer, Series F Tender offer, Series E, Series D, Series C, Series B, Series A

No date is disclosed for this round.

MAR 2017
Seed

A primary round — the company sells new shares to investors it selects. $7M raised.

Valuation basisAmount$7MPrice / shareLead
MAR 2023
Emergency financing during the SVB collapse

Raised in roughly 12 hours to cover customer payroll while SVB withdrawals were frozen; reported amounts range from ~$500m to $545m. $500M raised, led by Greenoaks Capital.

Valuation basisAmount$500MPrice / shareLeadGreenoaks Capital
APR 2024
Series F at $13.5B post-money

A primary round — the company sells new shares to investors it selects. Led by Coatue.

Valuation basispost-moneyAmountPrice / shareLeadCoatue
MAY 2025
Series G at $16.8B post-money

A primary round — the company sells new shares to investors it selects. $450M raised.

Valuation basispost-moneyAmount$450MPrice / shareLead
MAY 2025LATEST
Series G at $16.8B post-money

New investors Sands Capital, GIC, Goldman Sachs Growth and Baillie Gifford. $450M raised.

Valuation basispost-moneyAmount$450MPrice / shareLead
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Rippling funding rounds in full

5 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series G LATEST
May 2025
$450M
$16.8Bpost-money
—
—
new investors Sands Capital, GIC, Goldman Sachs Growth and Baillie Gifford
Series G
May 2025
$450M
$16.8Bpost-money
—
—
—
Series F
Apr 2024
—
$13.5Bpost-money
—
Coatue
—
Emergency financing during the SVB collapse
Mar 2023
$500M
—
—
Greenoaks Capital
raised in roughly 12 hours to cover customer payroll while SVB withdrawals were frozen; reported amounts range from ~$500m to $545m
Seed
Mar 2017
$7M
—
—
—
—
Series G Tender offer
—
$200M
—
—
—
to repurchase equity from current and former employees
Series F Tender offer
—
$590M
—
—
—
to repurchase equity from current employees, former employees, and early investors
Series E
—
$500M
$11.2Bpost-money
—
Greenoaks
—
Series D
—
$250M
$11.2Bpost-money
—
Bedrock, Kleiner Perkins
participation from existing investors Y Combinator, Sequoia Capital, and more
Series C
—
$250M
—
—
Sequoia Capital
with participation from Greenoaks and other existing investors
Series B
—
$145M
—
—
Founders Fund
—
Series A
—
$45M
—
—
Kleiner Perkins
with participation from existing investors Initialized Capital, Threshold Ventures, Y Combinator, and others
Rippling · investors

Investors

Kleiner PerkinsLEADFounders FundLEADSSequoia CapitalLEADBBedrockLEADGreenoaksLEADCoatueLEADGreenoaks CapitalLEADSands CapitalGGICGGoldman Sachs GrowthBaillie Gifford

Frequently asked questions

How can I get exposure to Rippling?›

The routes section explains what is realistically available for a company at this stage.

Is Rippling publicly traded?›

No. Rippling is a private company; its shares do not trade on a public exchange.

What is Rippling's valuation?›

The last valuation is $16.8B (post-money, May 2025).

Who has invested in Rippling?›

Lead investors for each round are in the funding timeline.

Who are Rippling's competitors?›

The closest hr technology (hr, it and finance management platform) peers are on the competitors page.

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