By Parker Conrad, CEO, Rippling
Rippling, a provider of automated software for employee management, has raised $500 million in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022.
This was an unusual round, raised in record time and for a purpose that ultimately resolved on its own. It all started on Friday, March 10th at 5.30 am PST.
Rippling’s primary banking partner, Silicon Valley Bank (SVB), collapsed with dizzying speed on Thursday, March 9, and entered FDIC receivership on Friday, March 10. [Read more…] about Employee management software provider Rippling raises $500 million in Series E financing