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HR startup Rippling raises $500 million in fresh funding after SVB collapse

HR startup Rippling raises $500 million in funding round led by Greenoaks Capital after SVB collapse. Valuation remains at $11.25 billion.

1 min read
  • HR and payment software startup Rippling raised $500 million in funding.
  • The funding round was led by Greenoaks Capital and valued the company at $11.25 billion.
  • The funding was initially intended to help customers make payroll after Silicon Valley Bank's collapse.
  • Rippling moved its banking partner from SVB to JPMorgan Chase.
  • The company has over $1 billion in cash and hopes this is its last private raise.
HR startup Rippling raises $500 million in fresh funding after SVB collapse
HR and payment software startup Rippling said on Friday it has raised $500 million in a new funding round initially intended to help customers make payroll in the immediate aftermath of Silicon Valley Bank's collapse.
Reuters

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