Rippling, a San Francisco, CA-based platform to manage their HR & IT, raised $145m in Series B funding.
The round was led by Founders Fund with participation from Greenoaks Capital, Coatue Management, and Bedrock Capital, as well as existing investors including Kleiner Perkins, Initialized Capital, and Y Combinator.
In conjunction with the funding, Founders Fund partner Napoleon Ta will join Rippling’s board of directors.
Co founded by CEO Parker Conrad and CTO Prasanna Sankar, Rippling provides businesses with a platform to manage their HR & IT — from payroll and benefits, to employee devices and apps — all in a single system. It enables every company to onboard a new employee quickly and set up their payroll, health insurance, work computer, and third-party apps like Gmail, Microsoft Office, and Slack. The platform unifies every employee system, and automates the administrative work behind each. The company also has an office in Bengaluru.
FinSMEs
04/08/2020