Workrise IPO: Investment Opportunities & Pre-IPO Valuations

Company details

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.

workrise.com

Sector

Enterprise Software

Subsector

Human Resources

Founded

2014

Headquarters

Austin, TX, United States

Forge Price ¹

$106.30

Forge Price Date

07/02/2025

Post-Money Valuation ³

$2.9B

Total Funding

$2.44B

LFR Price per Share

$xx.xx

Last Funding Share Class

Series E

Learn more about Workrise

To invest in Workrise pre-IPO

Can you invest in Workrise pre-IPO?

Workrise is a privately held company and is not publicly traded, therefore investing in Workrise pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Workrise before it goes public?

You can seek to sell your shares in Workrise while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is the pre-IPO value of my Workrise shares?

To determine the value of your Workrise shares, create a free account to gain access to Forge’s platform. In addition to the Forge Price, Forge Markets contains pricing information for hundreds of pre-IPO companies such as Last Closed Trade Price. A Private Market Specialist will also be available to assist you with any inquiries related to your Workrise shares. You can also learn more about how to sell your private shares before getting started.

Is Workrise a publicly traded company?

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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 2025.

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.

Workrise major investors

Andreessen Horowitz

Boxgroup

Fj Labs

Founders Fund

Frees Fund

Great Oaks Venture Capital

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

Access Stock Price

Private companies exploring an IPO

					Last Funding Round
Company		Forge Price	Forge Price Change ⁵	Last Closed Trade	Share Class	Post-Money Valuation	Price per Share	Amount Raised
	OpenAI	$469.47	-0.01%	$xx.xx	Funding Round	--	--	--
	Anduril	$40.88	-3.86%	$xx.xx	Series G	$30.5B	$xx.xx	$2.5B
	Cerebras	$31.39	-0.35%	$xx.xx	Series F-1	$2.87B	$xx.xx	$420MM
	Figma	$38.00	+0.03%	$xx.xx	Series E	$10B	$xx.xx	$200MM
	Kraken	$25.81	+5.05%	$xx.xx	Series B	$5.52B	$xx.xx	$52.5MM
	Netskope	$14.50	+8.45%	$xx.xx	Series H	$7.5B	$xx.xx	$300MM
	Klarna	$37.31	+21.02%	$xx.xx	Unknown	--	--	--
	Discord	$239.72	+6.61%	$xx.xx	Series I	$15B	$xx.xx	$500MM
	Cohesity	$17.00	+8.49%	$xx.xx	Series H-1	$4.69B	$xx.xx	$27.5MM
	Shein	--	--	$xx.xx	--	--	--	--

See Tech IPO Calendar

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Updated on: Feb 12, 2025

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Workrise IPO