Rippling Raises $200 Million in Series F

by Kay Aloha Villamor in April 23rd, 2024

Rippling, a San Francisco, CA-based HR tech startup that provides workforce management, announced $200 million in Series F funding at a $13.5 billion valuation. 

The company has signed agreements to repurchase up to $590 million of equity from current and former employees, as well as early investors. 


Coatue led the financing round, with participation from Founders Fund, Greenoaks, and other existing investors, while Dragoneer joined as a new investor. 

Founded in 1999, Coatue Management is a private equity firm based in New York, New York. The firm prefers to invest through means of buyouts and growth capital in the technology, media, financial technology, climate technology, and telecommunications sectors.  

Rippling Use of Funds 

The company will use the funds to continue to expand into new markets, invest in research and development to enhance its current offerings and develop new products to support its clients' evolving needs. 

About Rippling 

Rippling is a company that provides a workforce management platform unifying HR, IT, finance, and more. The company offers tools to manage and automate the employee lifecycle, secure and configure IT resources, and control financial operations. Its core focus is on the importance of employee data across various business systems, extending beyond HR. 

Funding Details 

Company: Rippling People Center Inc. 

Raised: $200.0M 

Round: Series F 

Funding Month: April 2024 

Lead Investors: Coatue  

Additional Investors: Founders Fund, Greenoaks, Dragoneer 

Company Website:  

Software Category: Workforce Management 



Your cart