Rippling, a workforce management platform offering integrated solutions across HR, IT and finance, has secured $450m in a Series G funding round.
The raise saw participation from Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator, alongside existing investors.
In addition to the primary investment, Rippling has launched a $200m tender offer to repurchase equity from current and former employees. The round places the company’s valuation at $16.8bn.
Founded on the belief that employee data plays a foundational role across numerous enterprise systems, Rippling offers more than two dozen products that cover functions such as payroll, benefits, identity management, corporate cards and bill pay. Its unified platform enables organisations to manage every aspect of the employee lifecycle in one place, eliminating the inefficiencies caused by fragmented data systems.
With the fresh capital, Rippling plans to accelerate its international expansion, enhance its current product suite, and invest in developing new capabilities.
According to the company, the power of its platform lies not just in its breadth, but in how it centralises employee, device and application data, enabling better workflows, smarter permissions, and richer analytics.
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