Funding round
Rippling Series G
Rippling, which works in workforce management platform licensing in San Francisco, raised $450M in a Series G round announced on 9 May 2025, at a $16.80B post-money valuation. 6 firms took part. It is Rippling's seventh venture round on record; the one before was a Series F in Apr 2024.
$450M
Amount raised
$16.80B
Post-money valuation
$16.35B pre-money
6
Investors
no lead named
1.2x
Step-up from the Series F
$13.50B in Apr 2024
2.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rippling at $16.80B after the new money, 1.2 times the $13.50B of its Series F (Apr 2024). The $450M bought investors about 2.7% of the company. It came 13 months after Rippling's Series F. It is 24% of the $1.87B Rippling has raised in the venture rounds on record. No later venture round is on record for Rippling.
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 22 Apr 2024 $200M$13.50B post-money
- Series G this round 9 May 2025 $450M$16.80B post-money
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- Sands Capital backs 71 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- Goldman Sachs Alternatives new investor
- Baillie Gifford new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- Elad Gil
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $239M, and this round was 1.9 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Addepar Tech Companies | 13 May 2025 | $230M | $3.25B | Vitruvian Partners and WestCap |
| Cato Networks Tech Companies | 30 Jun 2025 | $359M | $4.80B | Vitruvian Partners and ION Asset Management |
| Rebel Foods Tech Companies | 22 Apr 2025 | $25M | $1.61B | not named |
| ThoughtSpot Tech Companies | 13 Oct 2025 | $248M | $4.20B | Lightspeed and Khosla Ventures |
| Clio Tech Companies | 10 Nov 2025 | $500M | $5.00B | New Enterprise Associates |
| EGYM Tech Companies | 24 Sep 2024 | $200M | $1.20B | L Catterton and Meritech Capital |
| Anthropic Tech Companies | 12 Feb 2026 | $30.00B | $380.00B | GIC and Coatue |
| Tech Companies | 14 Aug 2024 | $9.9M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Rippling raise in its Series G round?
Rippling raised $450M in its Series G round, announced in May 2025.
Which investors took part in Rippling's Series G round?
Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, Y Combinator and Elad Gil.
What was Rippling's valuation at the Series G round?
$16.80B post-money ($16.35B pre-money).
How does it compare with other Series G rounds in Tech Companies?
8 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $239M, and this round was 1.9 times the median.