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Announced

Completed

Greenoaks Capital led a $500m Series E funding round in Rippling.

Financials

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Transaction Value£413m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Venture Capital

Acquisition

Minority

Friendly

Private

Software

human resources software

software development

United States

Completed

Private Equity

Single Bidder

Synopsis

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Greenoaks Capital, a private equity firm, led a $500m Series E funding round in Rippling, a human resource management company that offers an all-in-one platform to help manage HR and IT operations. The emergency round facilitated by Greenoaks Capital gives Rippling the same valuation it fetched in a fundraising last year, despite a market correction that’s prevented most startups from raising money at favorable terms.

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