Latham & Watkins Advises on Rippling's US$450 Million Financing Round

Rippling, a leading unified workforce management platform, announced it has raised US$450 million in new financing and signed agreements to repurchase up to US$200 million of equity from current and former employees. The financing includes investment from Elad Gil, Sands Capital, GIC, Goldman Sachs Alternatives, Baillie Gifford, and Y Combinator, along with participation from existing investors. The financing values the company at US$16.8 billion.

Latham & Watkins LLP represents existing investor Cosmic in the transaction with a corporate deal team led by Bay Area partners Alex Kassai and Benjamin Potter, with associates Chris Pham and Alice Han. Advice was also provided on data privacy matters by San Diego counsel Jennifer Howes, with associate Zac Alpert.