---
title: "Rippling and Parker Conrad"
language: en
canonical: https://dossiertwist.com/dossiers/deel/rippling-and-conrad/
as_of: 2026-10-13
keywords: ["Deel","Deel, Inc.","Lifeslice, Inc.","Alex Bouaziz","Philippe Bouaziz","Shuo Wang","Dan Westgarth","Rippling","People Center, Inc.","Keith O'Brien","Lets Deel Ltd","Atlantic Money","Deel Payments Europe","DPayments","Omnipresent","Sarona Ventures","Prodware","Andreessen Horowitz","employer of record","Rippling v. Deel"]
---

# Rippling and Parker Conrad

**Question.** Who is Rippling, and what is Parker Conrad's history with Zenefits and Andreessen Horowitz?

**Answer.** Rippling was founded in April 2016 by Parker Conrad and Prasanna Sankar, shortly after Conrad resigned from Zenefits over its use of unlicensed insurance brokers. It launched an international payroll product in 2022, putting it in competition with Deel, and was valued at $16.8 billion in May 2025; the business news outlet estimates Conrad's stake at about 20%. Conrad has accused Andreessen Horowitz and David Sacks, his successor at Zenefits, of waging a media campaign against him.

## Rippling

- Analysis: Rippling was co-founded in April 2016 by Parker Conrad as chief executive and Prasanna Sankar as chief technology officer, shortly after Conrad left Zenefits, where Sankar had been director of engineering; Sankar left Rippling in 2020. It raised $250 million in May 2022 at an estimated valuation of $11.25 billion and $450 million in May 2025 at $16.8 billion, from investors including Elad Gil, Goldman Sachs Alternatives and Y Combinator, and launched an international payroll product in 2022. The business news outlet estimates Conrad's stake at about 20% and Sankar's at about 9%, though Sankar told the business news outlet he had divested his shares; these are estimates, and an earlier figure cited by an online encyclopedia put Conrad's stake at 22% in 2022. [src-068] [src-110] [src-046] [src-005]

## Zenefits and Andreessen Horowitz

- Analysis: Conrad resigned as chief executive and director of Zenefits on 8 February 2016 after it emerged that the company had used unlicensed brokers to sell health insurance. According to an online encyclopedia, citing a news agency, he agreed in October 2017, without admitting or denying wrongdoing, to pay a fine to settle SEC charges of misleading investors about the company's compliance; the SEC order is not retained. Conrad has alleged, as the same entry reports, that Andreessen Horowitz and David Sacks, his successor at Zenefits, waged a proxy war in the media to ruin his image. [src-068]

## Sources

- [src-068] Other source · src-068
- [src-110] Media source · src-110
- [src-046] Media source · src-046
- [src-005] Media source · src-005