rippling

Enterprise

. Forbidden: Former Deel and Workday employees banned from Rippling’s stock sale offer

Sources tell TechCrunch that employees at those companies received no information about the tender offer, but heard about their exclusion through the grapevine. None of the former employees TechCrunch spoke to were surprised to hear one name on the list: Deel. “Rippling put together a tender offer for the benefit of its employees, ex-employees, and early investors. To be sure, as a private company, Rippling certainly has the freedom to place restrictions on participation in its stock sales. In addition to the price of the stock, employees may face huge tax bills on options they exercise from the paper gains of the value of the stock.

Dylan Williams
June 7, 2024

Startups, Venture

Rippling, the HR Startup, Nears $13.4B Valuation in Funding Talks, Surpassing Initial $11.25B Estimate

HR startup Rippling is in discussions to raise at a $13.4B valuation, up from $11.25B The round could total $870M, including $670M worth of secondaryLate stage HRtech startup Rippling is raising new capital. This will be Rippling’s Series F, and could raise its valuation to as high as $13.4 billion on a post-money basis, up from the $11.25 billion valuation it reached when it last raised capital in a $500 million Series E just a year ago. Rippling had raised $1.2 billion total previous to this round. Rippling competitor Gusto told TechCrunch that it reached $500 million in trailing revenue last year, along with cash flow positivity. Earlier this year Deel, which focuses on payroll for teams that cross borders, said that it had reached $500 million worth of annual recurring revenue.

Kira Kim
April 16, 2024
1 Comment

Enterprise, Gadgets, Venture

“Disrupting the HR Tech Industry: Remofirst Secures $25M to Challenge Deel and Rippling on a Global Scale”

Remofirst raises $25M to take on Deel and Rippling in the global HR tech spaceIn the world of HR tech startups, there are the Davids and the Goliaths. Deel and Rippling are the Goliaths, both having raised millions of dollars in venture capital. But Remofirst, which just secured $25 million in Series A funding, is proving to be a very worthy David. Remofirst, an HR tech startup, touts that it hires its clients’ employees and contractors in more than 180 countries on their behalf without those companies having to set up local entities. “We see SMBs as an underserved segment of the market,” Serik told TechCrunch.