(Reuters) – HR software startup Rippling said on Monday it was valued at $13.5 billion after it raised $200 million in its latest funding round.
The round was led by tech investment firm Coatue, Rippling said. Peter Thiel’s Founders Fund, Greenoaks and other existing investors also participated.
Its previous fundraise in March last year gave Rippling a valuation of $11.25 billion.
The company also agreed to repurchase up to $590 million of equity from current employees, former employees and early investors.
(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber)
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