Marketplace and workforce-management platform for skilled energy, solar, and industrial trade workers
Marketplace📍 Austin, TXFounded 2014
Current Valuation
$2.9B
as of 2022-Q1
UNICORN
Workrise (formerly RigUp) operates a marketplace for skilled trade contractors in oil & gas, solar, wind, and defense industries. Last raised $300M Series E in 2021 at a $2.9B valuation. The company has had multiple rounds of layoffs and exited several verticals since 2022, and no fresh primary valuation has been disclosed. Revenue last public ~$1.16B in 2021 with ~29% growth at the time of its Series E.
Company Profile
CEO
Mike Witte
Founded
2014
HQ
Austin, TX
Employees
~500
Total Raised
$752M
Est. Revenue
$1.2B (2021-FY)
Growth
later layoffs and verticals retrenchment 2022-2024
Last Round
Series E — $300M (Apr 2021) · Lead: Founders Fund
IPO Status
private
Fundraising Status
Series E · $300M · 5y 4mo ago
privateTotal raised $752M
Secondary Market
Implied price / share
$74.16
Last round price / share
$419.18
vs last round
-82.3%
Open interest
3
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series E
$300M
Apr 2021
Founders Fund
—
Founders & Key People
Xuan YongMike Witte
Investors
Andreessen Horowitz · Founders Fund · Bedrock Capital · Franklin Templeton · Baillie Gifford
BlueCrew · Instawork · ShiftMed · Tradesmen International
MarketplaceLaborEnergyWorkforceB2B
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q1. Refreshed quarterly.