Rippling Secures $450M Series G Funding with Baillie Gifford Investment

Deal News | May 13, 2025 | Ropes & Gray

Rippling Secures $450M Series G Funding with Baillie Gifford Investment

Ropes & Gray acted as legal advisors for Baillie Gifford in its investment in Rippling's $450 million Series G funding round, announced on May 9. Baillie Gifford, an independent investment firm managing $217 billion in assets as of December 31, 2024, aims to invest in companies capable of long-term growth. The legal advisory team was led by private equity partner Adam Leamon and strategic transactions associate Joe Muller, with support from litigation & enforcement partners Emerson Siegle and Ama Adams. This investment underscores Rippling’s position as a key player in the workforce management sector.

Sectors

  • Financial Services
  • Workforce Management Software

Geography

  • United States – The investment transaction involving Rippling likely takes place in the United States where Rippling operates.
  • United Kingdom – Baillie Gifford, the investing company, is based in Scotland, UK, making this geography relevant.

Industry

  • Financial Services – Baillie Gifford operates in the financial services industry, focusing on investment management.
  • Workforce Management Software – Rippling provides workforce management software solutions, which makes this a relevant classification due to the nature of Rippling's business.

Financials

  • 450 million – The total amount raised in Rippling's Series G funding round.
  • 217 billion – The total assets under management by Baillie Gifford as of December 31, 2024.

Participants

NameRoleTypeDescription
RipplingTargetCompanyRippling is a workforce management platform that raised $450 million in its Series G funding round.
Baillie GiffordInvestorCompanyBaillie Gifford is an independent investment management firm with $217 billion in assets under management as of December 31, 2024.
Ropes & GrayLegal AdvisorCompanyRopes & Gray is a law firm that advised Baillie Gifford on the Series G investment in Rippling.
Adam LeamonLead Legal AdvisorPeopleA private equity partner at Ropes & Gray.
Joe MullerAdvisorPeopleA strategic transactions associate at Ropes & Gray involved in advising Baillie Gifford.