Parker Conrad is fully back. Less than seven months after his HR startup reached a $6.5B valuation in October, the San Francisco-based firm upped that figure by more than 70% to $11.25B. The new lofty valuation comes as the firm raised another $250M, bringing its total investment to $700M.
CEO Parker Conrad largely credits Rippling’s “compound” model, wherein instead of focusing narrowly on one smaller software sector, it has, from its outset, focused on growing numerous business lines simultaneously that share components and can be easily integrated.
Rippling shares the metrics they used to convince investors led by Founders Fund which led a $145 million Series B round.