Rippling Makes Waves with $200M Financing

Rippling, a San Francisco-based workforce management startup, has secured $200 million in new financing, bringing its valuation to a staggering $13.5 billion. The funding round was led by Coatue, with participation from Founders Fund, Greenoaks, and other investors. Dragoneer also joined the round as a new investor. In addition to the financing, Rippling has agreed to repurchase up to $590 million of equity from current and former employees, as well as early investors. This move signals the company's commitment to its team and its growth trajectory. Rippling's innovative workforce management system automates various tasks, from payroll to strategic planning, making it a valuable asset for companies looking to streamline their operations. With plans to expand into new markets and invest in research and development, Rippling is poised to make a splash in the industry.