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.

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Can you invest in Workrise pre-IPO?

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Can you sell shares of Workrise before it goes public?

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To learn more about Workrise potential IPO

Will Workrise go IPO?

Workrise has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Workrise’s IPO price?

The Workrise IPO price does not exist at this time, as Workrise is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Workrise register for Forge Markets, today.

When was Workrise founded?

Workrise was founded in 2014.

What is Workrise funding to date?

Workrise has raised $2.44B to date.

Who are Workrise’s major investors?

Moore Strategic Ventures
Capital Factory
137 Ventures
Frees Fund
Brookfield Growth Partners
Andreessen Horowitz
Boxgroup
Baillie Gifford
Fort Ventures
Fj Labs
Sallyport Investments
Founders Fund
Great Oaks Venture Capital
Franklin Templeton
Moore Capital Management
Global Reserve Group
Ge Ventures
Bedrock Capital
Quantum Energy Partners
Undisclosed Investors

Workrise Funding Rounds and Valuation

Funding History Chart
Funding Round Details
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
Updated on: Dec 3, 2024

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