Overview

• Rippling raised $450 million in Series G funding, increasing its valuation from $13.5 billion in 2024 to $16.8 billion in 2025.
• The company is conducting a $200 million tender offer to provide liquidity to current and former employees.
• New investors in the round include Sands Capital, GIC, Goldman Sachs Growth, and Baillie Gifford, alongside existing backers like Y Combinator and Elad Gil.
• Rippling offers over two dozen integrated HR, IT, and spend products and serves more than 20,000 customers, including 15,000 startups.
• CEO Parker Conrad confirmed no near-term IPO plans, citing a focus on growth, product development, and market expansion.