Greenoaks Leads $500M Financing of Rippling
Gunderson Dettmer represented client Greenoaks as it led a $500 million financing of Rippling, a unified HR and IT platform that allows customers to manage the entire employee lifecycle, from onboarding and HR, to apps and identity, to device provisioning and more.
In the announcement of the transaction, Rippling CEO Parker Conrad stated, “This extraordinary financing would not have been possible but for the fact that Rippling’s business is strong and growing at triple-digit rates. We have a base of investors who are staunch supporters of the company and always looking for opportunities to increase their ownership.”
The deal has received significant press coverage, including in Bloomberg, Reuters, and TechCrunch.
The Gunderson Dettmer deal team was led by Steve Baglio and Hilary Adams and included Anand Mehta, Jordan Federer, and Alex VanDerKolk.
Greenoaks Capital Partners