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HISTORICAL P100 / #22

Rippling

HR & Payroll Software · United States

Historical ranking valuation$16.8BSource snapshot: Jun 19, 2026
Financing events11
Named participants18
Captables stories1

Disclosed primary funding in this record

$1.8B

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

7 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-24
THE BUSINESS

Get to know Rippling.

Rippling sells a workforce platform combining HR, payroll, IT and finance software. Its products cover employee lifecycle workflows, access and device management, spending controls and global payroll.

Rippling product platform ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

$16.8BSeries G · ConfirmedSource ↗
$16.8BEmployee share repurchase agreements · AnnouncedSource ↗
$13.5BSeries F · ConfirmedSource ↗
$13.5BCommon-stock tender offer · AnnouncedSource ↗
$11.25BSeries D · ConfirmedSource ↗
$6.5BSeries C · ConfirmedSource ↗

Funding history

Funding rounds, debt and other financing events.

10sourced events · record as of 2026-09-24

Seven source-supported 2019–2025 primary rounds total $1.84B here. The 2024–2025 tenders/repurchases are separate secondary liquidity; ceilings do not prove execution. A 2026 Series H remains database-only. Founder Parker Conrad disputed the reported $7M seed and described several unpriced seed investments; exact amounts/dates are unknown. This is not a complete legal register or cap table. Older Rippling blog update timestamps are not original financing dates.

May 9, 2025LATEST SOURCED
primary

Series G

Elad Gil · Sands Capital · GIC · Goldman Sachs Alternatives · Baillie Gifford · Y Combinator

Issuer names these financing participants but does not identify a single round lead.

Amount$450MValuation$16.8B
May 9, 202509
secondary

Employee share repurchase agreements

Investors undisclosed

Agreements to repurchase from current and former employees, not new issuer capital; actual executed quantity or value is not established.

AmountUp to $200M agreed repurchasesValuation$16.8B
Apr 22, 202407
secondary

Common-stock tender offer

Investors undisclosed

Issuer-announced tender is separate from the $200M primary raise. Transaction counsel describes an up-to-approximately-$790M combined Series F/common-stock financing, but does not establish executed secondary proceeds.

AmountUndisclosedValuation$13.5B
Mar 202306
primary

Series E

Greenoaks (lead)

Founder describes the emergency March 2023 financing as closed and names Greenoaks as the term-sheet counterparty; the exact day in the previous database and its $11.25B valuation are not established by this issuer account.

Amount$500MValuationUndisclosed
May 11, 202205
primary

Series D

Bedrock (lead) · Kleiner Perkins (lead) · Y Combinator · Sequoia Capital

Original announcement date corroborated by co-lead Bedrock; later website update timestamps are not the financing date.

Amount$250MValuation$11.25B
Oct 21, 202104
primary

Series C

Sequoia Capital Global Equities and Global Growth (lead) · Greenoaks

Issuer names Sequoia Global Equities and Global Growth as lead strategies, Greenoaks as participant and unspecified existing investors.

Amount$250MValuation$6.5B
Aug 4, 202003
primary

Series B

Founders Fund (lead) · Greenoaks Capital · Coatue Management · Bedrock Capital · Kleiner Perkins · Initialized Capital · Y Combinator

Issuer page has a later update timestamp; the announcement day is corroborated by contemporaneous reporting, not asserted as the legal close day.

Amount$145MValuationUndisclosed
Apr 3, 201902
primary

Series A

Kleiner Perkins (lead) · Initialized Capital · Threshold Ventures · Y Combinator

Issuer names Kleiner Perkins as lead; same-day investors Kleiner Perkins and Initialized announced the round. The prior $270M database valuation is not established in the issuer account.

Amount$45MValuationUndisclosed
201701
primary

Early unpriced seed financing (multiple tranches)

Investors undisclosed

Conrad said a reported $7M was inaccurate, there had been no priced VC round, and Rippling raised several seed investments, naming supporters without per-tranche allocations. Axios likewise reported more than $7M by October 2018, exact amount unknown. Year precision is context, not a verified first-sale date.

AmountUndisclosed; founder disputed reported $7MValuationUndisclosed
Unverified database leads (1)

These database claims have not been independently verified and are excluded from the sourced-event count.

Aug 6, 2026UNVERIFIED
primary

Series H

Investor participation not independently verified

FundBat lists this Series H; no issuer or transaction-participant source reviewed here establishes the close, amount, date or round participants. Excluded from confirmed primary capital.

Amount$250MValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

Goldman Sachs Alternatives

Series G · May 9, 2025 · Participant · primary · Confirmed · Confirmed source ↗

Baillie Gifford

Series G · May 9, 2025 · Participant · primary · Confirmed · Confirmed source ↗

Sequoia Capital

Series D · May 11, 2022 · Participant · primary · Confirmed · Confirmed source ↗

Sequoia Capital Global Equities and Global Growth

Series C · Oct 21, 2021 · Lead participant · primary · Confirmed · Confirmed source ↗

Founders Fund

Series B · Aug 4, 2020 · Lead participant · primary · Confirmed · Confirmed source ↗

Greenoaks Capital

Series B · Aug 4, 2020 · Participant · primary · Confirmed · Confirmed source ↗

Coatue Management

Series B · Aug 4, 2020 · Participant · primary · Confirmed · Confirmed source ↗

Bedrock Capital

Series B · Aug 4, 2020 · Participant · primary · Confirmed · Confirmed source ↗

Threshold Ventures

Series A · Apr 3, 2019 · Participant · primary · Confirmed · Confirmed source ↗

Ownership evidence

Opening ownership research…

Captables coverage

Deals / Captables

Rippling's latest round: $250M Series H

Rippling's latest public financing record lists $250M in its Series H dated August 6, 2026. Captables places the event in the company's disclosed funding history.

Captables Newsroom · 58d ago
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