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Rippling

United States

About Rippling

Rippling is a cutting-edge SaaS company revolutionizing the way businesses manage HR, payroll, IT security, and device management. With a robust annualized revenue of $570 million as of February 2025, Rippling serves over 20,000 customers, boasting an impressive 99.5% client retention rate. The company has developed more than 10 product lines, each generating over $1 million in annual recurring revenue (ARR), and is committed to launching new products quarterly, ensuring rapid growth and innovation.

What sets Rippling apart from competitors like Gusto and Justworks is its vertically integrated approach, offering a comprehensive suite of services that allows businesses to streamline their operations. By acting as a single system of record for employee data, Rippling reduces administrative overhead and enhances efficiency through seamless third-party integrations. This bundled offering not only saves costs for customers but also provides a unified user experience, making it easier to manage various business functions.

With a valuation of $13.5 billion following its Series F funding round, Rippling is well-positioned for future expansion. The company aims to evolve into a comprehensive business operating system, catering to startups and mid-market companies while eyeing opportunities in the enterprise sector. As Rippling continues to innovate and enhance its product offerings, it is poised to redefine the landscape of administrative solutions for businesses of all sizes.

News

Research Reports

Rippling One-Pager

Deel One-Pager

Anrok One-Pager

Granola vs Zoom

Fernando Sandoval, co-founder of Kapital, on tropicalizing Brex for LatAm

Gong at $300M ARR

Decagon One-Pager

Brex One-Pager

Art Levy, Chief Business Officer at Brex, on the strategy of Brex Embedded

Gusto One-Pager

Nico Ferreyra, CEO of Default, on building an end-to-end inbound sales platform

Airwallex at $100B TPV

1Password One-Pager

Taimur Abdaal, CEO and co-founder of Causal, on the future of the "better spreadsheet"

Matt Brown, partner at Matrix Partners, on emerging trends in fintech and AI

Mercury One-Pager

Matt Redler, ex-CEO of Panther, on the competitive positioning of Deel vs. Remote vs. Rippling

Ramp's LLM workflow

Geoff Charles, VP of Product at Ramp, on Ramp's AI flywheel

Eoghan McCabe & Des Traynor, CEO and CSO of Intercom, on the AI transformation of customer service

Matt Drozdzynski, CEO and co-founder of Plane, on global payroll post-COVID

Alex Lee, CEO of Truewind, on the potential of GPT-powered bookkeeping

Swile One-Pager

Andy Su, co-founder of Pry, on building the "Figma of finance"

Matt Redler, co-founder and CEO of Panther, on building a modern employer of record

Frequently Asked Questions

How would the investment be structured?

When investment opportunities become available for Rippling, they would typically be structured through US-based, bankruptcy-remote Delaware SPVs. As an investor, you would become a limited partner in a fund that indirectly holds shares of the company. This page is for expressing interest in future opportunities, not for making actual investments.

Why can't I invest in Rippling directly?

Direct investment into high-demand private companies like Rippling often requires $50M+ in capital. Our SPV structure gives you access at lower minimums by pooling capital and investing through intermediaries that already hold equity.

What is the minimum investment amount?

The minimum investment typically starts from $10,000, though it may vary depending on the deal size and available allocations.

When will I receive units for my investment?

Once the SPV is fully funded and the shares are secured, units will be allocated to your account and you'll be notified. This typically takes 2–3 weeks post close date.

What are the exit options or liquidity paths?

Liquidity is not guaranteed. However, exits may occur through the following avenues:
(a) resale through our partner's Alternative Trading System (ATS) after a holding period,
(b) secondary market transactions,
(c) a future IPO of Rippling or its subsidiaries, or
(d) an acquisition of the company.

What are the risks of investing in Rippling?

Key risks include equity risk (share value decline) and liquidity risk (limited tradability of private shares). As with any private market investment, capital loss is possible.

What are the tax implications?

Taxation is treated the same as investing in US-listed stocks. Long-term capital gains (after 24 months) are taxed at 12.5%. Short-term gains are taxed as per your income tax slab.

Under which regulatory framework does this investment fall?

All investments are made through SEC-compliant SPVs under Regulation S. The structure is similar to those used by leading US platforms like EquityZen and Forge.

Need More Information?

Have additional questions about this investment opportunity? Our team is here to help.

Request Callback

Funding Rounds

Series G

$52.00 May 31st, 2025

Series D

$42.12 March 31st, 2023

Series C

$25.50 October 31st, 2021

Series B

$5.93 August 31st, 2020

Series A

$1.47 April 30th, 2019

Series F

$44.00 May 10th, 2016

Funding Rounds

Series G

$52.00 May 31st, 2025

Series D

$42.12 March 31st, 2023

Series C

$25.50 October 31st, 2021

Series B

$5.93 August 31st, 2020

Series A

$1.47 April 30th, 2019

Series F

$44.00 May 10th, 2016
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