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.

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Can you invest in Rippling pre-IPO?

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Can you sell shares of Rippling before it goes public?

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To learn more about Rippling potential IPO

Will Rippling go IPO?

Rippling has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Rippling’s IPO price?

The Rippling IPO price does not exist at this time, as Rippling is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Rippling register for Forge Markets, today.

When was Rippling founded?

Rippling was founded in 2016.

What is Rippling funding to date?

Rippling has raised $5.31B to date.

Who are Rippling’s major investors?

Snow Leopard Ventures
Y Combinator
Coatue Management
Csc Upshot Ventures
Founders Fund
Abstract Ventures
Dragoneer Investment Group
Quiet Capital
Palm Drive Capital
Sequoia Capital
Njf Capital
Summit Peak Investments
Lightspeed Venture Partners
Bedrock Capital
Initialized Capital Management
Brightway Future Capital
Dhvc
Undisclosed Investors
Blue Opal Capital
Greenoaks
Coatue
Dragoneer
Soma Capital
Initialized Capital
S28 Capital
Liquid 2 Ventures
S2 Capital
Capitalx
Greenoaks Capital
Unanimous Capital
Amino Capital
Kleiner Perkins
Uphonest Capital
Greenoaks Capital Partners
Threshold Ventures
Empede Capital Partners
Ventioneers

Rippling Funding Rounds and Valuation

Funding History Chart
Created with Highcharts 11.0.0FDCBB-2B-1AA-4A-3A-2A-1201620172018201920202021202220232024$0$3B$5B$8B$10B$13B$15B
Funding Round Details
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
Updated on: Jan 5, 2025

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