How Rippling Outmaneuvered SVB to Secure Record-Breaking Investment

In the fast-paced world of tech startups, securing investment can be a game-changer. And when it comes to outmaneuvering Silicon Valley heavyweights like SVB, you need something special. Enter Rippling – the HR and IT platform that just secured a record-breaking $145 million in Series B funding. How did they do it? We’ve got all the details right here in this must-read blog post. Get ready to learn how Rippling’s innovative approach helped them win big against one of the biggest players in the game!

The Battle for Rippling

The Battle for Rippling:

In the world of startup funding, there are few companies that have been able to secure the kind of investment that Rippling has. The company raised a $45 million Series B in February 2018, led by Addition Ventures, with participation from GV (formerly Google Ventures) and Andreessen Horowitz. This round of funding valued the company at $220 million, making it one of the fastest-growing startups in Silicon Valley.

However, Rippling’s path to this record-breaking investment was not an easy one. The company faced stiff competition from SVB, another well-funded startup in the same space. In order to win over the investors, Rippling had to put up a fight and prove that it was the better investment.

Here’s a look at how Rippling outmaneuvered SVB to secure its record-breaking investment:

1. First, Rippling focused on building a strong product. The company knows that in order to win over investors, it first needs to have a product that solves a real problem for customers. Rippling’s software is designed to help businesses automate their HR and payroll processes, which is something that many businesses struggle with. The company spent years perfecting its software before even starting to raise money, which gave it a leg up on the competition.

2. Second, Rippling built up a strong team of advisors and investors. In

How Rippling Won

In June 2018, Rippling raised $45 million in a Series B funding round led by Andreessen Horowitz, with participation from existing investors such as GV (formerly Google Ventures) and Baseline Ventures. The round included a $15 million extension to Rippling’s Series A, which the company had closed just six months prior.

This new investment brought Rippling’s total funding to $76 million, making it the most well-funded startup in the payroll and HR space. And it didn’t stop there: In December 2018, Rippling announced another $40 million raise, led by BoxGroup, with participation from returning investors Andreessen Horowitz and GV.

With this investment, Rippling became one of the fastest-growing enterprise software companies ever. In just two years, the company had more than doubled its customer base from 1,000 to 2,500 businesses. And it wasn’t just small businesses signing up: Major companies like McDonald’s, Yelp, Quora, and Adobe were using Rippling to manage their payroll and HR needs.

How did Rippling outmaneuver SVB to secure this record-breaking investment? Let’s take a look at some of the key reasons:

1. Rapid growth: As mentioned above, Rippling was growing quickly – much faster than its competitors. This strong growth trajectory attracted the attention of top VC firms like Andreessen Horowitz and GV.

2.

What the Future Holds for Rippling

The future looks bright for Rippling. They have secured a record-breaking investment from SVB, and they are well on their way to becoming the leading provider of cloud-based payroll and HR solutions. With their innovative technology and strong team, they are poised to change the way businesses operate. Rippling is revolutionizing the way businesses manage their employees, and they are just getting started.

Conclusion

It is clear that Rippling has done something quite remarkable and admirable in order to achieve their record-breaking investment. Not only did they manage to outmaneuver a larger, more established firm such as SVB but also demonstrate the power of a well-crafted pitch and proactive networking. These are lessons that have been learned by startups all over the world looking for success in similar circumstances, and it will be interesting to see how Rippling continues on this path.