Workrise
- π¦Became a unicornOct 2019
- πPeak valuation$2.9 Billion β21
- πBecame a Unitard~2024
- πΈLast valuationβ
The rise & fall
6 moments Β· 2014β2024The key moments, with employee sentiment along the way.
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Workrise (formerly RigUp) is a marketplace and staffing network for energy-industry workers and vendors, last valued near $2.90B in its 2021 Series E; mutual-fund holders have since marked it below the $1B unicorn line, and it remains private. Those who stayed described the leaner company as steadier, while lamenting the talent that had left.
Mutual-fund markdowns
3 funds Β· SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
| Fund | Class | $/sh | From peak | As of |
|---|---|---|---|---|
| First Trust Alternative Opportunities Fund | Common | $103.42 | -27% | Jun 2026 |
| BlackRock Credit Strategies Fund | $1.00 | -4% | Jun 2023 | |
| First Trust Private Assets Fund | Common | $103.42 | -21% | Jun 2026 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fundβs own valuation of a specific share class and arenβt a company-wide valuation. Last refreshed Oct 2026.
Source: SEC NPORT-P fund marks (below); peak per primary round
Founders
Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.
Disclosed investors (22)
Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.
* Lead in a funding round Β· Crunchbase β Β· 2026-10-13 Β· Methodology Β· Leaderboard
