Performance to Date OVERVIEW Rippling has grown unusually quickly since that time, and we closed January 2019 with $XXmm in ARR. We launched our bene昀椀ts administration product We’ve averaged 20% Month over Month growth since around May 2018, and most of our sales metrics January 2018, but that growth rate appears to be ac- improved dramatically at that time. Internally, May celerating — in the last 4 months, our average growth 2018 was the point where we shifted our focus from rate was 25%, and in January it was 29%. The time it product expansion to revenue growth. takes for our revenue to double recently dropped from four months to three. While many startups have revenue graphs that go up and to the right, it is much less common for a graph of month over month growth rates to do the same: 8 Rippling Memo
Series A Page 7 Page 9