<div>
  <ul>
    <li>
      <p>
        Rippling, an employment management platform, has raised USD 500 million in a funding round led by Greenoaks Capital at a valuation of USD 11.25 billion, identical to its previous capital raise in 
        <a href="https://sp-edge.com/updates/10374">
          May 2022
        </a>
        .
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The funding round was initially intended to ensure timely payrolls for its customers that were affected by SVB&rsquo;s collapse last week. Following the FDIC&rsquo;s guarantee that depositors can access their money, the funds will be diverted toward insulating Rippling from potential macroeconomic challenges and investing in research and product development.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.reuters.com/business/finance/startup-rippling-raises-500-mln-latest-fundraise-after-svb-collapse-2023-03-17/">
      Reuters
    </a>
  </p>
  <p>
    <a href="https://www.nasdaq.com/articles/hr-startup-rippling-raises-$500-mln-in-fresh-funding-after-svb-collapse">
      Nasdaq
    </a>
  </p>
</div>


Remote Work Infrastructure

Rippling raises USD 500 million in funding

Wingspan raises USD 14 million in Series A funding

Papaya Global launches industry-first embedded payments platform for global workforce

Leave management platform Tilt raises USD 10 million in funding

Limeade witnesses moderate revenue growth in FY2022; projects adjusted EBITDA profitability in FY2023

Employee recognition platform Bonusly raises USD 18.9 million in Series B funding

Quantive launches new AI-based capabilities for strategy execution

HR and payroll API developer Finch raises USD 40 million in series B funding

Alight Solutions reports moderate revenue growth; adjusted EPS positive

GoCo acquires employee engagement software provider, WFHomie, to build an all-in-one HR platform

Paycor upgrades FY2023 guidance on the back of strong Q2 earnings

Oyster HR announces layoffs

Intranet platform, Cleary, raises USD 4.5 Million in seed funding

Portuguese employee benefits startup, Coverflex, raises EUR 15 million in Series A funding

Paylocity reports 75% YoY EPS growth in Q2; beats EPS and revenue consensus

OKR management platform, Profit.co raises USD 11 million

ADP reports marginal EPS beat in Q2 of FY 2023; outlook remains unchanged

Deel launches full-stack platform covering global team management

Darwinbox partners with Microsoft for product integrations and co-innovation; receives strategic investment

Limeade announces restructure for 2023 and CFO resignation

Deel acquires Capbase, a digital governance platform for startups

Employee performance review platform Confirm launches auto-calibration solution to remove biases from employee performance reviews

Prodoscore receives strategic growth investment for product development and hiring

Darwinbox raises USD 4.9 million in extended Series D funding

Limeade signs three-year contract with professional services firm Marsh McLennan

Paychex’s Q2 FY2023 results beat analyst estimates

LumApps acquires chatbot creation software Vizir

15Five receives strategic investment from ServiceNow

Alight acquires absence management solutions provider ReedGroup

Employee performance and engagement platform Popwork raises EUR 1.5 million in Seed Funding

All Updates