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* Offering through VF Securities, Inc. (member FINRA/SIPC)
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.
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.
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.
The minimum investment typically starts from $10,000, though it may vary depending on the deal size and available allocations.
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.
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.
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.
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.
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.
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