# Rippling

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rippling

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.rippling.com
- Total disclosed funding: $1.9B
- Latest round: Series G (May 9, 2025)
- Investors on record: 17

## About

Founded in 2016 and based in California, US, People Center, Inc., currently doing business as Rippling, provides workforce management and HR solutions such as payroll, timekeeping, onboarding, and benefits administration to help employers manage staff and compliance. The company was founded by Parker Conrad and Prasanna Sankar. In May 2025, Rippling raised USD 450 million in series G funding from new investors Sands Capital Alternatives, GIC, Goldman Sachs Asset Management, and Baillie Gifford, with participation from returning investor Y Combinator. Individual and other unspecified investors also participated in the round. The funding was part of a larger USD 650 million series G and secondary stock purchase round. The series G funding values People Center, Inc. at USD 16.8 billion post-money.

People Center, Inc. offers a comprehensive suite of workforce management solutions that integrate HR, IT, payroll, and spend management into a single platform. Central to its offerings is the Rippling Human Capital Management (HCM) system, which facilitates the management of employee data, benefits, payroll, and compliance automation. The platform includes tools for talent acquisition, performance management, and learning management, enabling businesses to streamline these processes efficiently. Specifically, Rippling supports a variety of industries, including healthcare, construction, retail, and technology, catering to startups, small to mid-sized businesses, and enterprise clients across global markets such as the United Kingdom, Australia, and Canada. The company has positioned itself to address pain points related to administrative inefficiencies and compliance challenges faced by organizations, leveraging automation to simplify complex tasks. 

Rippling generates revenue primarily through a subscription-based model for its workforce management services, where clients pay for access to various product suites based on their specific needs. This transactional structure allows businesses to select individual features or a comprehensive package, ensuring scalability. Clients may opt for the Rippling Payroll service to manage payroll processing, while also utilizing the Talent Recruiting module to enhance their hiring processes. The pricing plans are tailored to accommodate different client profiles, ensuring that each organization can tailor their service selection according to their operational requirements. The predictable nature of subscription revenue provides a stable financial foundation for the company, as clients are billed regularly for ongoing access to the platform’s capabilities.  

The company will use the May 2025 funding to enhance product development, facilitate market entry strategies, and strengthen the overall operational capacity.

## Funding rounds

- Series G, May 9, 2025, $450M — GIC, Goldman Sachs Asset Management, Y Combinator, Sands Capital Alternatives, Baillie Gifford
- Series F, Apr 22, 2024, $200M — Founders Fund, Greenoaks Capital, Coatue Management, Dragoneer Investment Group
- Series E, Mar 17, 2023, $500M — Greenoaks Capital
- Series D, May 11, 2022, $300M — Kleiner Perkins, Hong Shan, Y Combinator, Bedrock
- Series C, Oct 21, 2021, $279M — Kleiner Perkins, Hong Shan, Founders Fund, Greenoaks Capital, Y Combinator, Initialized Capital, Threshold Ventures
- Series B, Jul 28, 2020, $145M — Kleiner Perkins, Founders Fund, Greenoaks Capital, Coatue Management, Y Combinator, Initialized Capital, Bedrock
- Series A, Mar 19, 2019, $45M — Kleiner Perkins, Y Combinator, Initialized Capital, Threshold Ventures
- Seed, Feb 1, 2017, $7M — SV Angel, Initialized Capital, Amino Capital, Abstract Ventures

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed, Series A, Series B, Series C
- Amino Capital (https://capitalatlas.ai/funds/amino-capital) — Seed
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Seed
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B, Series C, Series D
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series B, Series C, Series D, Series G
- Threshold Ventures (https://capitalatlas.ai/funds/threshold-ventures) — Series A, Series C
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B, Series C, Series F
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series B, Series C, Series E, Series F
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series B, Series F
- Bedrock (https://capitalatlas.ai/funds/bedrock) — Series B, Series D
- Hong Shan — Series C, Series D
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series F
- GIC — Series G
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series G
- Sands Capital Alternatives (https://capitalatlas.ai/funds/sands-capital-alternatives) — Series G
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series G