Founders Fund led a $145m Series B round for Rippling.

Founders Fund, a San Francisco-based venture capital firm, led a $145m Series B round for Rippling, a human resource management company that manages employees' payroll, benefits, devices, and apps. Participants in the round included Greenoaks Capital, Coatue Management, and Bedrock Capital, as well as existing investors including Kleiner Perkins, Initialized Capital, and Y Combinator. "As I’ve said before, fundraising is a gratifying signal that we’re on the right path — but it’s a means to an end, not an end itself. So I want to thank all of our customers for trusting us with their business and giving us the feedback we need to constantly improve. Thank you to Founders Fund and our other investors for believing in our vision," Parker Conrad, Rippling Co-Founder and CEO.