Celebrating Rippling's Milestone

As investors who have been with Rippling since its early days, we at Samudra Pacific are thrilled to witness the company's latest achievement: the successful raise of $200 million in new financing, coupled with an equity repurchase program totaling up to $590 million. This significant milestone not only reflects Rippling's continued growth and success but also underscores our unwavering belief in the company's vision and potential.

From the beginning, Rippling has captivated us with its innovative approach to workforce management and its commitment to solving complex challenges faced by businesses. We recognized early on the transformative power of Rippling's platform, which streamlines administrative tasks and empowers organizations to harness the full potential of their workforce data.

Our decision to invest in Rippling was driven by our confidence in the company's leadership, the strength of its team, and the undeniable market demand for its solution. Over the years, we have witnessed Rippling's remarkable growth trajectory, fueled by its relentless dedication to innovation and customer success.

The recent financing round, led by Coatue and joined by esteemed investors like Founders Fund, Greenoaks, and Dragoneer, further validates Rippling's position as a leader in the industry. The fact that this round is predominantly an inside round speaks volumes about the trust and alignment among Rippling's existing investors, as well as their commitment to supporting the company's long-term growth objectives.

As a seed round investor, we take great pride in Rippling's achievements. We firmly believe that Rippling is poised for even greater success in the future, as it continues to innovate and expand its product offerings to meet the evolving needs of its clients.

Rippling's decision to initiate an equity repurchase program, providing liquidity to both employees and early investors, is a testament to the company's commitment to supporting its team members and rewarding those who have been instrumental in its success. We applaud Rippling for its thoughtful approach to employee retention and its focus on fostering a supportive and inclusive work environment.

Looking ahead, we are excited to continue our partnership with Rippling and to support the company as it embarks on the next phase of its journey. With its relentless focus on innovation, its unwavering commitment to customer success, and its passionate team driving the way forward, we are confident that Rippling will continue to redefine the landscape of workforce management and emerge as a true industry leader.

Congratulations to Rippling on this momentous achievement. We look forward to celebrating many more milestones together in the years to come.