Rippling Secures $450 Million in Funding
May 19, 2025 – Rippling, a provider of HR information system software, employer-of-record and other talent-related services, has secured $450 million in a series G funding round. The round values the company at $16.8 billion. The series G round includes financing from Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford and Y Combinator. The company also announced agreements to repurchase up to $200 million in equity from current and former employees. “We currently offer over two dozen products across HR, IT and spend — everything from payroll and benefits, [single sign-on] and identity management to bill pay and corporate cards,” said Parker Conrad, CEO. “Today’s financing will help accelerate our expansion into new markets, enhance existing products and support the development of new products. We’re grateful for these investors’ conviction in Rippling, for the employees who have gotten us to this milestone, and for our clients, without whom none of this would be possible.”
“Rippling’s core thesis is that employee data is critical to a surprisingly large number of business systems, well beyond HR, IT and finance,” Mr. Conrad said. “Yet most companies struggle to maintain the fidelity of this data, as it’s fragmented across multiple siloed databases. Rippling solves this problem by helping companies manage and automate every part of the employee lifecycle in a single platform, giving employees a centralized place to manage and make changes across their business systems. The system that does this isn’t just a time-saver — it is a critical primitive for business software going forward.”
“Products that are built on top of a rich graph of data about the organization, employees, their devices and apps aren’t just easier to manage,” said Mr. Conrad. “They are better as software products — with more intelligent workflows and approvals, better role-based policies and permissions, and more powerful analytics. This system we’ve built helps companies run more efficiently and achieve their business goals faster than their competitors.”
Investment Funding
Investors are pouring money into recruiting solutions businesses, especially executive search firms. Here’s a look at some other recent funding deals secured by these companies from the Hunt Scanlon Media archives:
HelloSky (formerly Skyminyr), a talent intelligence platform purpose-built for the executive search industry, has closed a $5.5 million oversubscribed seed round. The raise includes participation from Caldwell Partners, Karmel Capital, True, Hunt Scanlon Ventures and prominent angel investors from Google and Cisco Systems. “As competition for executive talent escalates, organizations will increasingly turn to recruiting partners leveraging AI-driven platforms to gain a strategic edge,” said Scott A. Scanlon, CEO and co-founder of Hunt Scanlon Ventures. “They will lean on recruiters who can tap into precision talent platforms like HelloSky to integrate candidate identification, behavioral analytics, sector mapping, and human capital intelligence all in one place,” he said. “For executive recruiters this means shorter cycle times, more mandates, and unprecedented growth opportunities.” The proceeds of the funding will be invested primarily into engineering and go-to-market efforts. HelloSky has surpassed $1 million in annual recurring revenue (ARR) and expanded its management team to add executives in sales and marketing. Hugh Burnham has joined the company as EVP, sales and marketing, and Mike Kelch has joined as vice president of sales.
ConverzAI, which provides an AI-powered virtual recruiter for recruiting firms, has secured a $16 million Series A funding round to accelerate product innovation and expand go-to-market strategy. The round was led by Menlo Ventures, and joined by Left Lane Capital. Seed investors Foundation Capital and Afore Capital participated in the round as well. “ConverzAI’s solution is in a sweet spot, at the intersection of agentic AI, voice AI and recruiting,” said Venky Ganesan, Partner at Menlo Ventures. “Other platforms have attempted to solve a slice of the recruiting process, but what Ashwarya and his team are doing automates the entire process while still focusing on the candidate. Menlo Ventures is all in on AI and this investment is a perfect embodiment of that.” ConverzAI’s platform deploys virtual recruiters that handle the entire recruitment pipeline—from initial candidate sourcing through final placement—using generative AI technology and agent AI principles. The platform’s virtual recruiters conduct natural conversations over voice, text and email with candidates, analyze responses in real-time, and enable data-driven decisions throughout the recruitment process. They have processed over 100,000 jobs, engaged millions of candidates and delivered tens of thousands of placements for their customers.
Specialist recruitment company Metric Search has secured a multi-million-pound investment from BGF, one of the largest growth capital investors in the U.K. and Ireland. “Metric has achieved remarkable success in a short amount of time, and is well placed to capitalize on the dynamic, growing U.S. recruitment market through its high quality, specialist service,” said BGF investor Adam Huckerby, who will join the Metric board. “This is a great example of how BGF can support ambitious, high performing teams to fulfil their plans. We look forward to working with Joe and the team with the next phase of accelerated growth.” Founded in 2019 by Joe Jani (CEO) in New York, Metric Search has built a reputation as a search partner, sourcing skilled, technical talent in the life sciences and energy/infrastructure sectors. With its headquarters in Nottingham, the firm has offices in New York, London, and Florida.
Related: Bullhorn Ventures Makes Investment in Staffing Engine
Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
