Rippling – $250M Series D and $11.25B valuation

Hot off the heels of its $250M Series C in October 2021 Rippling has announced its latest $250M Series D round which leaves the Employee Management Platform achieving a valuation of over $11.2B.

Rippling was founded by Parker Conrad in 2016 entering YCombinator’s Winter ’17 batch where they caught the eye of the Zillionize team. Serial founder Parker has plenty of experience founding and leading world-class startups with his previous company Zenefits.

Rippling is doubling down on its vision that employee data is the epicenter of an organization’s data intelligence, feeding into a large number of other business systems outside of the core HR ones.

Keeping this data accurate, central, and up-to-date while in use across several systems is paramount to any organization keeping itself at the forefront of its decision-making. Rippling helps solve this problem by making sure this data is constantly accurate and delivered to all the systems that use it, in real-time, automatically.

Conrad explains:

“Rippling has raised $250M in a round co-led by Bedrock and Kleiner Perkins, with participation from existing investors Y Combinator, Sequoia Capital, and more. The round values the company at $11.25 billion.

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.”

We look forward to seeing Rippling’s new products rolling out over the course of the next 12 months as well as the new business and markets they’ll start to service due to this expansion.

You can read the full announcement directly on Rippling’s blog as well as more information in this Crunchbase article.

Zillionize is a seed round investor which has been investing in technology startups since March 2011. We look for early startups who we believe can see the future. We use a data-driven approach to identify startups we love and want to invest in for the long term. Zillionize has invested in a number of unicorns and we look forward to more of our portfolio joining this list in the years to come.