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Rippling is Built Different - Bedrock

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Bedrock has co-led a $250m Series D in Rippling at a valuation of $11.25b post money with Kleiner Perkins. Prior to this round – which just closed – Bedrock had invested $35m in Rippling over several years beginning in 2019. Our Series D investment totals $125m, making it the largest investment we’ve made to date. For us, this is not just any investment; our long, winding, and idiosyncratic journey with Rippling began before we’d even founded Bedrock. On March 15, 2017, the hero image in Axios’s Pro Rata newsletter was a GIF of actor Paul Rudd in “They Came Together” – an entirely mediocre film. Look at Mr. Rudd’s face: If you can endure the film, you’ll hear Mr. Rudd saying “what?” as he makes this face. But we all know his facial expression means a lot more than “what?”... It means extreme skepticism. It means perplexed confusion. Mr. Rudd cannot believe what he is hearing is true. Paul Rudd Face encapsulates how many in Silicon Valley felt when Parker Conrad announced Rippling’s see

May 11, 2022 Bedrock has co-led a $250m Series D in Rippling at a valuation of $11.25b post money with Kleiner Perkins. Prior to this round – which just closed – Bedrock had invested $35m in Rippling over several years beginning in 2019. Our Series D investment totals $125m, making it the largest investment we’ve made to date. For us, this is not just any investment; our long, winding, and idiosyncratic journey with Rippling began before we’d even founded Bedrock. On March 15, 2017, the hero image in Axios’s Pro Rata newsletter was a GIF of actor Paul Rudd in “They Came Together” – an entirely

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