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David Energy Secures $19 Million In New Financing To Launch A New Kind of Electricity Supplier

Follow Us We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.Start your free subscription David Energy Secures $19 Million In New Financing To Launch A New Kind of Electricity Supplier BROOKLYN, N.Y. (Feb. 9, 2021) David Energy, a new kind of electricity supplier, today announced the close of $19 million in new financing. The new capital includes a $4.1M Seed round led by Equal Ventures and a $15 million working capital facility from Hartree Partners, a global merchant commodities firm specializing in energy and its associate industries. Additional seed investors include Operator Partners, Box Group, Greycroft, Sandeep Jain and Xuan Yong of RigUp, returning angel investor Kiran Bhatraju of Arcadia, and Jason Jacobs’ recently launched MCJ Collective, an early-stage climate tech fund.

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RigUp, one of Austin's hottest startups, rebrands to Workrise

RigUp, one of Austin's hottest startups, rebrands to Workrise
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Big growth, new name: As it expands reach, Austin's RigUp rebrands as Workrise

Big growth, new name: As it expands reach, Austin s RigUp rebrands as Workrise Lori Hawkins, Austin American-Statesman © RigUp Xuan Yong, left, and Mike Witte are co-founders of Austin-based RigUp. [Courtesy of RIGUP] RigUp, one of Austin s most heavily-funded tech companies, has changed its name as it broadens its focus beyond the oil and gas industry. The company, now called Workrise, has expanded its reach in the past two years to include wind, solar, construction, and defense industries. Founded in 2014, Workrise was launched as an online platform that connects oil and gas companies and service companies. Clients use the platform for recruiting and onboarding employees, ongoing worker management, training invoicing and payments.

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RigUp Announces New Corporate Brand -- Workrise -- to Align with Expanded Mission, New Verticals

Share this article AUSTIN, Texas, Feb. 2, 2021 /PRNewswire/ RigUp, the leading workforce management solution for the skilled trades, today unveils a new name Workrise and corporate identity as part of the company s rebranding efforts. Workrise reflects the company s evolution and growth both geographically and across industries, and more closely aligns with its core mission: to empower the people who get hard work done. Workrise is the leading workforce management solution for the skilled trades. We make it easier for skilled laborers to find work and for companies to find in-demand, trained workers. Workrise operates across the oil & gas, wind, solar, construction, and defense industries. Through people and technology, we provide the staffing, training, and professional services to empower the people who get hard work done. For more information visit workrise.com.

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