Marketplace and workforce-management platform for skilled energy, solar, and industrial trade workers
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.
Marketplace📍 Austin, TXFounded 2014
Current Valuation
$2.9B
as of 2022-Q1
UNICORN
QL Price
$690.06M
-76% vs last round
QuantLogix's current estimate for Workrise, published 2026-10-07 — below the last disclosed round of $2.9B (2022-Q1).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$2.9B
2022-Q1
weight 0.04
Secondary market print
$513.3M
2026-06-27
weight 0.54
How this price has held up
No round has priced for Workrise since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Workrise, 2026-10-07 (eb14b91694ba892e).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Workrise going public?
No. Workrise is private and has not filed to go public. There is no S-1 on file.
What is Workrise's valuation in 2026?
Workrise is valued at $2.9B as of 2022-Q1, set by its Series E ($300M, Apr 2021). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Workrise filed an S-1?
No public S-1 is on file for Workrise.
Who are Workrise's investors?
Workrise's investors include Andreessen Horowitz, Founders Fund, Bedrock Capital, Franklin Templeton, Baillie Gifford.
How much has Workrise raised?
Workrise has raised $752M in total, most recently a Series E of $300M in Apr 2021.
Is Workrise publicly traded — can you buy Workrise stock?
No. Workrise is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Workrise on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
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 6mo 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
—
Talent Signal
Hiring trend
▶ Hiring steady
0% vs 2026-08
Open roles
3
via careers page
Product-build share
0%
engineering, research, product, design
Trajectory
steady
go-to-market push — Only 0% of open roles build product — hiring is concentrated in sales/marketing/ops (1 of 3 open roles are legal).
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Compliance ManagementSupport\\ \\ ![Building Our Community
Counted from Workrise's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
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.