Rippling raises $45m through Series A round

Rippling, a HR and employee management company, has raised $45m through a Series A funding round.

The capital was led by Kleiner Perkins partner Mamoon Hamid, with participation also coming from existing backers Initialized Capital, Threshold Ventures (formerly DFJ Venture), Y Combinator, and others.

With these new funds, the company will look to double its product and engineering efforts and build upon its G&A infrastructure.

The HR company offers businesses a simple solution to manage their HR and IT within a single platform. Its HR solutions cover payroll, employee onboarding, health insurance, FSA, HAS, paid holiday, time tracking and performance management, among others.

Employees area able to take out health insurance plans and can enroll online for cover including medical, dental, vision, life and disability. The mobile app lets employees to keep existing plans and benefits, but also buy and compare new insurance products.

Rippling can also be utilised by IT teams, to help with their account provisioning, computer management, endpoint security and cloud operations.

In a company blog post announcing the funding, it said, “By tightly integrating HR and IT together, we can free up time for businesses by eliminating most of the administrative work it takes to onboard, manage, and offboard employees.

“For example, when you hire someone in Rippling, we take care of their payroll, benefits, and new-hire paperwork in seconds — but we can also ship them a preconfigured computer, set up their keycard access, and even create their user account in all of the cloud apps your company uses, like GSuite, Slack, Github, and Dropbox.”

Copyright © 2019 FinTech Global

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