Matthew McConaughey is far more than an Oscar-winning actor. He’s the “Minister of Culture” for the University of Texas. He’s a profe
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Workrise, once known as RigUp, raises $300M at a $2.9B valuation
Workrise, which has built a workforce management platform for the skilled trades, announced today that it has raised $300 million in a Series E round led by U.K.-based Baillie Gifford that values the company at $2.9 billion.
New investor Franklin Templeton joined existing backers including Founders Fund, Bedrock Capital, Andreessen Horowitz (a16z), Moore Strategic Ventures, 137 Ventures and Brookfield Growth Partners in putting money in the round. With this latest financing, Workrise has now raised more than $750 million.
You may know Austin-based Workrise better by its former name, RigUp. The company changed its name earlier this year to reflect a new emphasis on industries other than just oil and gas after the industry took a beating in recent years.