OverviewSuggest Edit

RigUp is the oilfield's marketplace. It aims to connect E&P companies with service providers through a common goal: effective, efficient, and safe operations. The company provides solutions for bidding, compliance, and invoicing to companies of all sizes in basins across North America.
TypePrivate
Founded2014
HQAustin, US
Websiterigup.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Oct 2019)349(+5%)
Job Openings50
Revenue (Y, 2018)$21 M

Key People/Management at RigUp

Xuan Yong

Xuan Yong

Chief Executive Officer and Co-Founder
Mike Witte

Mike Witte

Chief Operating Officer and Co-Founder
Tyler Myracle

Tyler Myracle

Chief Product Officer
Jordan McCoy

Jordan McCoy

CTO
Kaitlyn Debernardo

Kaitlyn Debernardo

Vice President of Strategy
Sehr Charania

Sehr Charania

Vice President of Talent
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RigUp Office Locations

RigUp has offices in Austin, Houston, Midland, New Orleans and in 2 other locations
Austin, US (HQ)
98 San Jacinto Blvd #550
Houston, US
Houston, TX, USA
Midland, US
Midland, TX, USA
New Orleans, US
New Orleans, LA, USA
Oklahoma City, US
Oklahoma City, OK, USA
Pittsburgh, US
Pittsburgh, PA, USA
Show all (6)

RigUp Financials and Metrics

Summary Metrics

RigUp's latest funding round in October 2019 was reported to be $300 m. In total, RigUp has raised $426.8 m. RigUp's latest valuation is reported to be $1.9 b.
View all funding rounds

RigUp Revenue

RigUp's revenue was reported to be $21 m in Y, 2018
USD

Revenue (Y, 2018)

21.0m

Market valuation

1.9b
USDY, 2018E

Revenue

21.0m
USDY, 2018

Revenue/Employee

179.7k
Show all financial metrics

RigUp Online and Social Media Presence

Embed Graph

RigUp News and Updates

New unicorn in Texas as energy marketplace startup RigUp raises $300M

Austin, Texas, has a new unicorn in the form of RigUp Inc., a startup that offers a marketplace for contractors in the energy sector. Today it said it has raised $300 million in new funding on a $1.9 billion valuation. The new funding will be used to continue the company’s expansion into renewable …

RigUp Raises $300M To Continue Building The Next Generation Of The Energy Workforce

With its latest $300 million Series D, RigUp hopes to build an alternative to staffing agencies in the energy space, which traditionally come with hurdles for both employers and contractors.

RigUp raises $300 mln

RigUp said Oct. 10 that it raised a $300 million Series D round led by Andreessen Horowitz (a16z) with participation from existing investors, including Founders Fund, Bedrock Capital, and Quantum Energy Partners. New investors include Baillie Gifford and Brookfield Growth Partners. RigUp, of Austin,…

RigUp Raises $300 Million in Series D Funding Led by Andreessen Horowitz to Power the Energy Industry's Largest Skilled Labor Marketplace

Energy industry's fastest-growing tech startup has raised more than $450 million to date

RigUp Raises $60 Million in Series C Funding Led by Founders Fund

RigUp, the energy industry's fastest growing tech startup, has raised $90 million+ to date

RigUp lands $15.8 mln Series B

RigUp, the energy industry's marketplace for on-demand services and labor, has raised $15.8 million in Series B funding. Quantum Energy Partners and Global Reserve Group led the round with participation from other investors that included Founders Fund. RigUp has also secured a $30 million credit fac…

RigUp Frequently Asked Questions

  • When was RigUp founded?

    RigUp was founded in 2014.

  • Who are RigUp key executives?

    RigUp's key executives are Xuan Yong, Mike Witte and Tyler Myracle.

  • How many employees does RigUp have?

    RigUp has 349 employees.

  • What is RigUp revenue?

    Latest RigUp annual revenue is $21 m.

  • What is RigUp revenue per employee?

    Latest RigUp revenue per employee is $60.2 k.

  • Who are RigUp competitors?

    Competitors of RigUp include SafeDK, Yard Club and Tokopedia.

  • Where is RigUp headquarters?

    RigUp headquarters is located at 98 San Jacinto Blvd #550, Austin.

  • Where are RigUp offices?

    RigUp has offices in Austin, Houston, Midland, New Orleans and in 2 other locations.

  • How many offices does RigUp have?

    RigUp has 6 offices.