Rippling – Manage employees payroll, benefits, devices, apps raises $250M in Series C funding

We’re excited to share that Rippling, a portfolio company that Zillionize invested in during the YCombinator W17 batch, has announced that they have raised $250m in Series C funding.

Rippling lets companies effortlessly manage their employees’ payroll, benefits, devices, apps, and more – all in one place.

Rippling has positioned itself as “The Workforce Platform” that lets companies manage all employee data, operations—onboarding, off-boarding, and everything else in between.

Parker Conrad, Rippling’s CEO explains:

Maintaining the fidelity of the same employee data across all these disconnected systems—effectively, across multiple separate databases is the reason it’s a lot of work for companies to have many different business systems in the first place.

The system that does this isn’t just a time-saver, we believe it will be a critical primitive for business software going forward.

This latest round of funding values Rippling at $6.5 Billion and firmly secures its position in Zillionize’s unicorn list.

Parker goes into more detail on the investment:

We’re excited to announce that Rippling has raised $250M led by Sequoia Capital Global Equities and Global Growth, with participation from Greenoaks and other existing investors.

I’m grateful for these investors’ conviction in Rippling, for the employees that have gotten us to this point, and for our clients, without whom none of this would be possible.

You can read the full announcement on Rippling’s blog here as well as more detail in this TechCrunch article.