RigUp was founded in 2014 by Xuan Yong and Mike Witte. The company has not officially endorsed a plan to participate in an IPO.
RigUp is an Austin-based workforce management and hiring platform that specializes on energy sector workers. The company has raised over $450 million in Venture Capital funding from investors including 137 Ventures, Andreessen Horowitz, Brookfield Growth Partners, Green Bay Ventures, Greenspring Associates, Bedrock, FJ Labs, Frees Fund, BoxGroup, Capital Factory, and Founders Fund. Per company press releases, RigUp last raised $300 million in October 2019 at a post-money valuation of nearly $2 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/20/2021 | Series E | $300MM | $xx.xx | $2.9B | 137 Ventures, Andreessen Horowitz, Baillie Gifford, Bedrock Capital, Brookfield Growth Partners, Founders Fund, Franklin Templeton, Moore Strategic Ventures | |
Price per Share
$xx.xx
Shares Outstanding
715,675
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
137 Ventures, Andreessen Horowitz, Baillie Gifford, Bedrock Capital, Brookfield Growth Partners, Founders Fund, Franklin Templeton, Moore Strategic Ventures
|
||||||
03/09/2020 | Series D-1 | $28.7MM | $xx.xx | $1.97B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
88,940
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/09/2019 | Series D | $300MM | $xx.xx | $1.9B | Andreessen Horowitz, Baillie Gifford, Bedrock Capital, Brookfield Growth Partners, Founders Fund, Quantum Energy Partners | |
Price per Share
$xx.xx
Shares Outstanding
929,698
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Baillie Gifford, Bedrock Capital, Brookfield Growth Partners, Founders Fund, Quantum Energy Partners
|
||||||
06/10/2019 | Series C-1 | $55MM | $xx.xx | $820.73MM | Bedrock Capital | |
Price per Share
$xx.xx
Shares Outstanding
330,085
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital
|
||||||
02/02/2019 | Series C | $60MM | $xx.xx | $300MM | Bedrock Capital, Founders Fund, Global Reserve Group, Quantum Energy Partners | |
Price per Share
$xx.xx
Shares Outstanding
891,567
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Founders Fund, Global Reserve Group, Quantum Energy Partners
|
||||||
06/08/2018 | Series B-1 | $10.04MM | $xx.xx | $267.54MM | Bedrock Capital | |
Price per Share
$xx.xx
Shares Outstanding
162,603
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital
|
||||||
02/05/2018 | Series B | $15.65MM | $xx.xx | $170.59MM | Bedrock Capital, Fj Labs, Fort Ventures, Founders Fund, Global Reserve Group, Quantum Energy Partners, Sallyport Investments | |
Price per Share
$xx.xx
Shares Outstanding
411,779
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bedrock Capital, Fj Labs, Fort Ventures, Founders Fund, Global Reserve Group, Quantum Energy Partners, Sallyport Investments
|
||||||
04/15/2016 | Series A | $14.54MM | $xx.xx | $86.36MM | Boxgroup, Founders Fund, Frees Fund, Ge Ventures, Great Oaks Venture Capital, Moore Capital Management | |
Price per Share
$xx.xx
Shares Outstanding
650,636
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Founders Fund, Frees Fund, Ge Ventures, Great Oaks Venture Capital, Moore Capital Management
|
||||||
05/09/2014 | Series Seed | $2.79MM | $xx.xx | $13.95MM | Boxgroup, Capital Factory, Founders Fund, Great Oaks Venture Capital | |
Price per Share
$xx.xx
Shares Outstanding
508,799
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Capital Factory, Founders Fund, Great Oaks Venture Capital
|