> The deal came together in about 12 hours after Rippling went scrambling when it couldn’t get $300 million that was frozen at SVB when it collapsed on Friday, according to Rippling co-founder Parker Conrad.
Raising $500 million emergency cash after just because they lost access to $300 million doesn’t quite add up.
This feels more like another funding round that was maybe pushed forward due to SVB concerns.
Raising $500 million emergency cash after just because they lost access to $300 million doesn’t quite add up.
This feels more like another funding round that was maybe pushed forward due to SVB concerns.