Rippling Achieves $13.5 Billion Valuation Following $200 Million Funding Round

The HR tech startup, led by Parker Conrad, secured new investments and plans to expand its global operations and product offerings.

Rippling raised $200 million in a funding round led by Coatue, reaching a valuation of $13.5 billion, a significant increase from last year's $11.25 billion.
The funding round included a $590 million tender offer to buy back shares from employees and early investors, indicating strong market confidence.
Founders Fund and Greenoaks were among the returning investors, with Dragoneer joining as a new investor.
CEO Parker Conrad highlighted the company's rapid growth and stated there are no immediate plans for a public offering, focusing instead on regular tender sales for liquidity.
Rippling plans to use the funds for international expansion, R&D, and developing new products, amidst a tech sector rebound driven by AI advancements and anticipated interest rate cuts.