Rippling Secures $450 Million In Series G Round At $16.8 Billion Valuation

HR tech startup Rippling, founded in 2016 by CEO Parker Conrad, has raised a $450 million Series G round at a $16.8 billion valuation, alongside a $200 million tender offer to provide liquidity to employees. This marks a significant jump from its $13.4 billion valuation in April 2024, and brings its total funding to $1.85 billion. New investors include Sands Capital, GIC, Goldman Sachs Growth, and Baillie Gifford, with continued support from Elad Gil, Y Combinator, and others—YC also recently became a client, calling Rippling its HR “tool of choice.” The company, which now serves over 20,000 customers and generates $570M in ARR, plans to use the funding to fuel product expansion, go-to-market efforts, and new initiatives like its Startup Stack, which offers early-stage startups six months free. INVESTORS: Sands Capital, GIC, Goldman Sachs Growth, Baillie Gifford, Elad Gil, Y Combinator, Kleiner Perkins, Greenoaks Capital & Founders Fund ROUND: Series G AMOUNT: $450,000,000 VALUATION: $16,800,000,000 HQ: #SanFrancisco #California #VentureCapital #Rippling #ParkerConrad #SandsCapital #GIC #GoldmanSachsGrowth #BaillieGifford #EladGil #YCombinator #KleinerPerkins #GreenoaksCapital #FoundersFund #TradedVC

More Deals

View All

Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA. FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe. FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz) INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more ROUND: Seed VALUATION CAP: $24,000,000 HQ: New York, New York #VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC