Funding round
Rippling Series F
Rippling, which works in workforce management platform licensing in San Francisco, raised $200M in a Series F round announced on 22 Apr 2024, at a $13.50B post-money valuation. It is Rippling's sixth venture round on record; the one before was a Series E in Mar 2023.
$200M
Amount raised
$13.50B
Post-money valuation
$13.30B pre-money
1.2x
Step-up from the Series E
$11.25B in Mar 2023
1.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rippling at $13.50B after the new money, 1.2 times the $11.25B of its Series E (Mar 2023). The $200M bought investors about 1.5% of the company. It came 13 months after Rippling's Series E. It is 11% of the $1.87B Rippling has raised in the venture rounds on record. Rippling raised again 13 months later: a Series G round of $450M in May 2025, at $16.80B post-money.
Rippling's funding rounds
Rippling has 7 venture rounds on record. This one is highlighted.
- Series A 3 Apr 2019, led by Kleiner Perkins $45M$270M post-money
- Series B 4 Aug 2020, led by Founders Fund $145M$1.35B post-money
- Series C 21 Oct 2021, led by Sequoia Capital $279M$6.52B post-money
- Series D 11 May 2022, led by Bedrock and Kleiner Perkins $250M$11.25B post-money
- Series E 21 Mar 2023, led by Greenoaks $500M$11.25B post-money
- Series F this round 22 Apr 2024 $200M$13.50B post-money
- Series G 9 May 2025 $450M$16.80B post-money
Comparable rounds
How it compares
17 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cohesity Tech Companies | 11 Apr 2024 | $150M | $7.00B | not named |
| Tech Companies | 10 Apr 2024 | $130M | $900M | KKR |
| Tech Companies | 29 Mar 2024 | $55M | not disclosed | General Catalyst |
| Tech Companies | 1 Jun 2024 | $150M | $1.20B | Silver Lake Waterman |
| Clio Tech Companies | 23 Jul 2024 | $900M | $3.00B | New Enterprise Associates |
| Tech Companies | 8 Aug 2024 | undisclosed | not disclosed | Apax Partners |
| Tech Companies | 27 Sep 2024 | $90M | $1.46B | not named |
| Tech Companies | 10 Oct 2024 | $100M | not disclosed | Georgian |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Rippling raise in its Series F round?
Rippling raised $200M in its Series F round, announced in Apr 2024.
What was Rippling's valuation at the Series F round?
$13.50B post-money ($13.30B pre-money).
How does it compare with other Series F rounds in Tech Companies?
17 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median.
Did Rippling raise again after this round?
Yes: a Series G round in May 2025 of $450M at $16.80B post-money.