Rippling was founded in 2016 by CEO Parker Conrad and Prasanna Sankar. Rippling has not officially endorsed a plan to participate in an IPO. According to The Information in August 2024, Rippling is moving towards a potential IPO, however, has not officially endorsed a plan to go public.
Rippling is an HR management software company. Rippling raised $2 billion in funding over eight rounds. Their latest funding was raised on April 22, 2024. Key investors include Bedrock, Kleiner Perkins, Founders Fund, and Initialized Capital.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/22/2024 | Series F | $200MM | $xx.xx | $13.5B | Coatue, Dragoneer, Founders Fund, Greenoaks | |
Price per Share
$xx.xx
Shares Outstanding
4,545,453
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue, Dragoneer, Founders Fund, Greenoaks
|
||||||
03/17/2023 | Series D | $265.88MM | $xx.xx | $11.25B | Bedrock Capital, Kleiner Perkins, Sequoia Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
6,312,835
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Kleiner Perkins, Sequoia Capital, Y Combinator
|
||||||
10/21/2021 | Series C | $278.99MM | $xx.xx | $6.52B | Founders Fund, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Sequoia Capital, Threshold Ventures, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
10,942,818
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Founders Fund, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Sequoia Capital, Threshold Ventures, Y Combinator
|
||||||
08/04/2020 | Series B-1 | $49,999.77 | $xx.xx | $1.4B | Bedrock Capital, Coatue Management, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
37,291
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Coatue Management, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Y Combinator
|
||||||
08/04/2020 | Series B-2 | $45.23MM | $xx.xx | $1.4B | Bedrock Capital, Coatue Management, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
9,541,817
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Coatue Management, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Y Combinator
|
||||||
08/04/2020 | Series B | $105MM | $xx.xx | $1.4B | Bedrock Capital, Coatue Management, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
17,719,724
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Coatue Management, Greenoaks Capital, Initialized Capital, Kleiner Perkins, Y Combinator
|
||||||
04/03/2019 | Series A | $45MM | $xx.xx | $318.83MM | Initialized Capital, Kleiner Perkins, Threshold Ventures, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
30,690,090
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Initialized Capital, Kleiner Perkins, Threshold Ventures, Y Combinator
|
||||||
03/14/2017 | Series A-1 | $549,999.37 | $xx.xx | $181.4MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,511,180
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/14/2017 | Series A-2 | $100,003.84 | $xx.xx | $181.4MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,136,020
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/14/2017 | Series A-3 | $7.48MM | $xx.xx | $181.4MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
31,878,600
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/14/2017 | Series A-4 | $8.05MM | $xx.xx | $181.4MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
6,866,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|