# Rippling funding: rounds and investors

> Rippling has raised $495M across 2 rounds since 2019. Investors include Kleiner Perkins, Y Combinator and Sequoia Capital. Every round with its source.

Source: https://millionrounds.com/company/rippling (Millionrounds; every figure on the page links to its filing or article)

United States · [Growth startup](https://millionrounds.com/companies)

# Who invested in *Rippling*

2 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Future of Work Hardware & Electronics HR Tech

Valuation: $17B, Mar 2026 Y Combinator: W17

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Funding summary Updated 5 Nov 2026

**$495M** raised across 2 rounds since 2019, from 4 sources

**$45M** Series A **$450M** Growth

- **Latest round:** Growth, $450M May 2025
- **Step-up i:** 10×
- **Investors:** 13 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025

**$45M** Series A

**$450M** Growth

- **First round:** Series A, $45M
- **Biggest round:** $450M
- **Between rounds:** 6.1 years

## The rounds

- **May 2025** Growth **$450M** *9 new* *2 returning* [Y Combinator](https://millionrounds.com/fund/y-combinator) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Coatue](https://millionrounds.com/fund/coatue-management) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Elad Gil](https://millionrounds.com/fund/elad-gil) [GIC](https://millionrounds.com/fund/gic) [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) [Sands Capital Management](https://millionrounds.com/fund/sands-capital) [Goldman Sachs Growth](https://millionrounds.com/fund/goldman-sachs-growth) Reported by TechCrunch and 2 others
- **Apr 2019** Series A **$45M** *4 new* [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) Lead [Y Combinator](https://millionrounds.com/fund/y-combinator) [Initialized Capital](https://millionrounds.com/fund/initialized-capital) [Threshold](https://millionrounds.com/fund/threshold) Reported by TechCrunch

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Growth** 2025 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Coatue](https://millionrounds.com/fund/coatue-management) [Initialized Capital](https://millionrounds.com/fund/initialized-capital) [Elad Gil](https://millionrounds.com/fund/elad-gil) [GIC](https://millionrounds.com/fund/gic) [Baillie Gifford](https://millionrounds.com/fund/baillie-gifford)

## Everyone who backed them

[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **2** rounds, led 1

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **2** rounds

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round

[Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **1** round

[Coatue](https://millionrounds.com/fund/coatue-management) VC firm **1** round

[Initialized Capital](https://millionrounds.com/fund/initialized-capital) VC firm **1** round

[Elad Gil](https://millionrounds.com/fund/elad-gil) VC firm **1** round

[GIC](https://millionrounds.com/fund/gic) Private equity **1** round

[Baillie Gifford](https://millionrounds.com/fund/baillie-gifford) Asset manager **1** round

[Threshold](https://millionrounds.com/fund/threshold) VC firm **1** round

[Sands Capital Management](https://millionrounds.com/fund/sands-capital) Growth equity **1** round

[Goldman Sachs Growth](https://millionrounds.com/fund/goldman-sachs-growth) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=rippling).

## Also claim to have backed them

These 17 firms list Rippling as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Liquid 2 Ventures](https://millionrounds.com/fund/liquid-2-ventures) VC firm Per its own site

[Bling Capital](https://millionrounds.com/fund/bling-capital) VC firm Per its own site

[Venrex](https://millionrounds.com/fund/venrex) VC firm Per its own site

[Ansa Capital](https://millionrounds.com/fund/ansa-capital) VC firm Per its own site

[Josh Buckley](https://millionrounds.com/fund/josh-buckley) Angel Per its own site

[Irregular Expressions](https://millionrounds.com/fund/irregular-expressions) Angel network Per its own site

[Hakluyt Capital](https://millionrounds.com/fund/hakluyt-capital) VC firm Per its own site

[Spearhead](https://millionrounds.com/fund/spearhead-2) VC firm Per its own site

[Trog Hawley Capital](https://millionrounds.com/fund/trog-hawley-capital) Family office Per its own site

[Berkeley Frontier Fund](https://millionrounds.com/fund/berkeley-frontier-fund) VC firm Per its own site

[Blue Opal Capital](https://millionrounds.com/fund/blue-opal-capital) Private equity Per its own site

[CapitalX](https://millionrounds.com/fund/capitalx) Private equity Series G, per its site

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

[Dubin & Company](https://millionrounds.com/fund/dubin-and-co-lp) Private equity Per its own site

[Next Round Capital Partners](https://millionrounds.com/fund/next-round-capital-partners) VC firm Per its own site

[Sweetwater Private Equity](https://millionrounds.com/fund/sweetwater-private-equity) Private equity Per its own site

[Unanimous Capital](https://millionrounds.com/fund/unanimous-capital) VC firm Per its own site

## Quick answers about Rippling

### Who invested in Rippling?

Rippling's investors include Kleiner Perkins, Y Combinator, Sequoia Capital, Lightspeed Venture Partners and Founders Fund, and 8 more on record.

### How much has Rippling raised?

Rippling has raised $495M across 2 rounds since 2019.

### When did Rippling last raise?

Rippling's most recent round was a Growth of $450M in May 2025.

### What was Rippling's biggest round?

Its most recent round, $450M in May 2025, is also its largest on record.

### Who backed Rippling first?

Rippling's first round on record, in Apr 2019, was backed by Kleiner Perkins, Y Combinator and Initialized Capital and 1 others.

### What stage is Rippling at?

Rippling's latest named round is a Growth, in May 2025.

### Where is Rippling based?

Rippling is based in the United States.

### Who led Rippling's rounds?

Kleiner Perkins led the Series A in 2019.

## Companies like Rippling

In the same sector, and raised in the last eighteen months.

[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Northwood Space** $505M · Nov 2026](https://millionrounds.com/company/northwood-space)[**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder)[**ShareWillow** $8.5M · Oct 2026](https://millionrounds.com/company/sharewillow)[**Iris Technology** Oct 2026](https://millionrounds.com/company/iris-technology)[**Ayar Labs** $904M · Oct 2026](https://millionrounds.com/company/ayar-labs)

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