Today, we’re announcing our series F and a tender offer, led by Coatue, with participation from Founders Fund, Greenoaks, and other investors. What does this mean for our customers and partners, you ask? We’ll use this funding to:
🥽 Continue to invest heavily in R&D
🧱 Build even more robust software products
⚔️ Equip our customers with more intelligent workflows, analytics, and tools
Thanks to our investors, customers, and partners for making this raise possible. We’re excited to keep building and growing with your support 🙌
https://lnkd.in/gPqFSetZ
Congratulations to Rippling and its visionary leaders Parker Conrad, Matt MacInnis, and Albert Strasheim on securing a significant round of funding! At Zensei Labs Search, we specialize in connecting ambitious companies like Rippling with exceptional tech, product, and design professionals who can fuel their growth. Let's work together to build a stellar team that accelerates Rippling's trajectory.
Congrats Rippling! 💰 We can all see the vision and the product roadmap increasingly in line with where future of work is heading. Poprouser as a People Operations company that works with #hrtech everyday, we're proud to be a Rippling partner and will continue in the future. Rippling is a #bestinclass HRIS.
Kudos to the Rippling exec team for making this tender offer a core part of the raise. Having traversed a Series F (and beyond!), I love seeing this option being given to employees. Well done! 🙏
Experience HR excellence with Rippling—where 13.50 billion 💸 fuels our journey forward 🚀🚀
We're defining the gold standard in HR Tech 💫
From domestic payroll to global workforce management, we've got it all covered, seamlessly united under one roof.
Rippling: Your single source of truth for HR Solutions 🫶🏻
Curious to learn more? Let's chat!
#hrtech#globalworkforce#payroll#compliance#EOR#globalpayroll
Today, we’re announcing our series F and a tender offer, led by Coatue, with participation from Founders Fund, Greenoaks, and other investors. What does this mean for our customers and partners, you ask? We’ll use this funding to:
🥽 Continue to invest heavily in R&D
🧱 Build even more robust software products
⚔️ Equip our customers with more intelligent workflows, analytics, and tools
Thanks to our investors, customers, and partners for making this raise possible. We’re excited to keep building and growing with your support 🙌
https://lnkd.in/gPqFSetZ
13.5 billion 💸 that’s how we roll in the shire 🚀🚀
Rippling setting gold standards in HR tech space 💫
Wether it’s paying your domestic employees or managing all your international workforce, we can do it all under one roof.
Rippling aka one source of truth 🫶🏻
Hit me up if you would like to learn more.
#hrtech#globalworkforce#payroll#compliance#EOR#globalpayroll
Today, we’re announcing our series F and a tender offer, led by Coatue, with participation from Founders Fund, Greenoaks, and other investors. What does this mean for our customers and partners, you ask? We’ll use this funding to:
🥽 Continue to invest heavily in R&D
🧱 Build even more robust software products
⚔️ Equip our customers with more intelligent workflows, analytics, and tools
Thanks to our investors, customers, and partners for making this raise possible. We’re excited to keep building and growing with your support 🙌
https://lnkd.in/gPqFSetZ
We closed this deal in under two weeks 👀 .
We've actually completed nearly all of our financing rounds in a similar timeframe, and I'm often asked how that is possible. It certainly isn't magic, but it does require:
(1) Proactive planning: We always enter fundraising with a full suite of pre-prepared diligence materials and disclosures even in advance of term sheets. Not sure what to prepare? Ask corporate counsel for their current standard diligence lists, or better yet, get a couple but you know your businesses best, so use your judgment and don't wait to be asked. And if you've been through a round of financing before, endeavor to keep your prior Schedule of Exceptions (disclosures) evergreen.
(2) Nimble advisors: Our corporate counsel (Goodwin) now knows the drill -- we keep the pen, and deliver drafts of deal docs the day after we sign a term sheet. This creates a dynamic where diligence counsel has everything they need to evaluate the deal from the moment the term sheet is signed. And we've be fortunate to be able to have diligence counsel (and sometimes have even recommended that our investors work with diligence counsel like Gunderson Dettmer) that is on the same page re both thoroughness and getting to a quick close.
(3) Partnership with Investor Legal: Each of our investors have been major cheerleaders of Rippling, have signed clean term sheets, and critically, have had legal teams willing to partner to ensure we consummate a fair deal. Making sure that in-house legal is on the same page as you can be the difference between 1 turn instead of 5 turns on docs, and minutes to a decision instead of days.
If they say that "time kills all deals," the following folks (and many more) helped us eliminate time. And while I know we continue to work on post-close items, taking a moment to pause and say, thank you!
Goodwin: Natalie Martirossian, Ria King, Amy Kim, Craig Schmitz, Colin Johnson, Jamie Hutchinson, and more.
Gunderson Dettmer: Jeff Stricker, Federico Varni, Shu H.Coatue: Brent Duddie, Claire Jen, Zachary FeingoldRippling: Christopher Campbell, Pinar Ozer, Jonathan J. Nasca, Sarah Bloom, Daniela Lagoteta, Esteban M., Mary Manzouri-Fard, Meghan Marshall, Keith Kennedy, CFE, CAMS, CGSS, Vipin Sethi, Ryan Gibbs, Adam Swiecicki, Ben Kirchhoff
Today, we’re announcing our series F and a tender offer, led by Coatue, with participation from Founders Fund, Greenoaks, and other investors. What does this mean for our customers and partners, you ask? We’ll use this funding to:
🥽 Continue to invest heavily in R&D
🧱 Build even more robust software products
⚔️ Equip our customers with more intelligent workflows, analytics, and tools
Thanks to our investors, customers, and partners for making this raise possible. We’re excited to keep building and growing with your support 🙌
https://lnkd.in/gPqFSetZ
Late-stage and pre-public companies! Join Newfront's Unicorn Bootcamp from 1-4p next Wednesday 10/18 at Nasdaq's Entrepreneurial Center in San Francisco.
Drawing on our team's experience supporting over 120 Unicorns, we've teed up a great program featuring partners from Cooley, Goldman Sachs, Nasdaq, Goodwin, Newfront's Executive Risk Solutions team, and more.
- The Promise and Peril of Going Public: What to Know Ahead of Time
- Risky Business: Stories from the IPO Front Lines
- When Securities Claims Happen: Preparing for the Inevitable
https://lnkd.in/gaFskdAX
Greylock Partners unveiled two new endeavors yesterday: A $1 billion early-stage fund — its 17th — and Greylock Edge, a program to support founders developing ideas into companies with early revenue and product market fit. In keeping with the venture capital firm’s thesis, Greylock 17 will target pre-seed, seed, and Series A founders in the areas of enterprise and consumer software. Read more: https://lnkd.in/e2__Yatu#hollandfintech#fintech#fundingnews
It will be interesting to see what (if any) anti-dilution protections were included in the last financing rounds. The class of 2015 included several companies where the last class of preferred included significant ratchets in case the valuation at IPO was down from the last priced private round...
📢 Exciting news in the world of finance! Scott Shleifer, a key figure at Tiger Global Management, will be transitioning from leading private investments to a senior adviser role starting January 1, 2024. Shleifer played a crucial role in Tiger Global's aggressive tech dealmaking during the recent startup boom. Stay tuned for more updates! #FinanceNews#TigerGlobalManagement#Investments#SeniorAdviser
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Tremendous has NO outside investors, and we brag about that fact.
There are lines of people interested in investing, but we understand that VC money comes with "Strings Attached."
I'm not saying this will always be the case, but it has benefited the company immensely to remain VC-free up to this point.
Read more about how/why our founders made this decision.
Congratulations to Rippling and its visionary leaders Parker Conrad, Matt MacInnis, and Albert Strasheim on securing a significant round of funding! At Zensei Labs Search, we specialize in connecting ambitious companies like Rippling with exceptional tech, product, and design professionals who can fuel their growth. Let's work together to build a stellar team that accelerates Rippling's trajectory.