Rippling, a San Francisco, CA-based employee onboarding startup, raised $45m in Series A funding.
The round, which brought post-money valuation to $270m, was led by Kleiner Perkins with participation from Initialized Capital, Threshold Ventures (formerly DFJ Venture), Y Combinator, and others. In conjunction with the funding, Mamoon Hamid from Kleiner Perkins, joined Rippling’s board.
The company intends to use the funds to double down on product and engineering, build out the G&A infrastructure and continue to grow ahead.
Led by former Zenefits CEO Parker Conrad, Rippling provides an employee onboarding platform which gives businesses the power to manage employees across HR, IT, and Operations,
A business using Rippling can onboard an employee, and instantly take care of their:
– New-hire paperwork
– Payroll
– Benefits
– Work computer
– Software and security
– App access
– Single sign-on
The system integrates broadly across the entire company with over 500 different apps, from Salesforce to AWS.
FinSMEs
04/04/2019