Rippling Raises $200 Million in New Financing

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Rippling announced it has raised &dollar;200 million in new financing&comma; and signed agreements with investors to repurchase up to &dollar;590 million of equity from current employees&comma; former employees&comma; and early investors&period; The financing was led by Coatue with participation from Founders Fund&comma; Greenoaks&comma; and other existing investors&period; Dragoneer is joining the round as a new investor&period;<&sol;p>&NewLine;<p>Rippling offers every application you need to run your business—from applicant tracking and payroll to IT and expenses—in one unified platform&period;<&sol;p>&NewLine;<p class&equals;"leading-32 text-20 text-charcoal sm&colon;leading-36">The new financing values the company at &dollar;13&period;5 billion&period;<&sol;p>&NewLine;<p>The company says it will use the new funding to&colon;<&sol;p>&NewLine;<p>🥽 Continue to invest heavily in R&amp&semi;D<br &sol;>&NewLine;🧱 Build even more robust software products<br &sol;>&NewLine;⚔️ Equip customers with more intelligent workflows&comma; analytics&comma; and tools<&sol;p>&NewLine;