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SAN FRANCISCO Rippling has announced that it raised new funding of $200 million and entered into agreements with investors for the repurchase of up to $590,000,000 in equity by current and former employees and early investors. Coatue led the financing, with participation by Founders Fund and Greenoaks. Dragoneer joins the round of funding as a brand new investor.
Rippling is a platform that offers all the applications you’ll need for your business, from applicant tracking to payroll and IT to expenses.
New financing valued the company at 13.5 billion dollars.
The new funds will be used to:
Continue investing heavily in R&D
Create even more robust software
Customers will benefit from more sophisticated analytics and workflows.