WilmerHale Represents Workrise in $300M Series E Funding Round
On May 20, 2021, Workrise (formerly RigUp), the leading workforce management platform for the skilled trades, announced it has raised a $300 million Series E round. As it enlarges its footprint, Workrise offers trade workers access to training that equips them for energy and infrastructure jobs on the rise. Last year, Workrise placed more than 4,500 workers, or nearly a third of all its workers placed in 2020, in renewable-energy jobs. The company has committed to fill the skilled labor gap by placing 100,000 workers in jobs by the end of 2023, and 1 million by the end of 2030. The funding round was led by Baillie Gifford, with new investor Franklin Templeton joining existing investors Founders Fund, Bedrock Capital, Andreessen Horowitz, Moore Strategic Ventures, 137 Ventures, and Brookfield Growth Partners.