Rippling, a San Francisco, California-based employee management platform, raised $250 million in a Series C round led by Sequoia Capital Global Equities and Global Growth, with participation from Greenoaks and other existing investors.
The fresh financing values the unicorn at a whopping $6.5 billion and comes in a little over a year following its Series B.
Rippling plans to invest in product research and development as it continues to scale. The company is also on the lookout for over 60 fresh faces to join its team. Rippling is now hiring for dozens of remote and in-person tech positions spanning its product, engineering, and customer success teams, to name a few.
Company: People Center, Inc.
Raised: $250.0M
Round: Series C
Funding Month: October 2021
Lead Investors: Sequoia Capital
Additional Investors: Greenoaks
Company Website: https://www.rippling.com/
Software Category: Employee management platform
About the Company: Rippling is the first way for businesses to manage all of their HR & IT — payroll, benefits, computers, apps, and more — in one unified workforce platform. By connecting every workforce system to a single source of truth for employee data, businesses can automate all of the manual work they normally need to do to make employee changes. Take onboarding, for example. With Rippling, you can just click a button and set up a new employees' payroll, health insurance, work computer, and third-party apps — like Slack, Zoom, and Office 365 — all within 90 seconds. Rippling got its start in 2016 by helping employers manage a range of operations tasks from completing tax forms to onboarding new employees. Since then, the company has expanded its platform to manage nearly all aspects of employee data, everything from their pay and benefits to the apps they use to perform their job duties. Rippling’s platform is quickly gaining recognition as an essential tool across enterprises that rely on multiple apps to perform workforce management tasks.
Source: https://www.builtinsf.com/2021/10/22/rippling-raises-250m-series-c-6b-valuation-workforce-management-unicorn?utm_source=twitter&utm_medium=organic_social&utm_content=73ab6cbc-e20d-4546-ab88-1afdb081c9fc&utm_campaign=breaking_news