Workrise
- 🦄Became a unicornOct 2019
- 📈Peak valuation$2.9 Billion ’21
- 💔Became a Unitard~2024
- 💸Last valuation—
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. Glassdoor reviews from the 2022-24 retrenchment described the turbulence as it narrowed focus: repeated layoff rounds that hollowed out its Austin and Belfast offices, strategy resets so frequent that staff said they could no longer tell what the company wanted to be, and a revolving executive suite — insiders counted several CEO changes within a few years. Those who stayed described the leaner company as steadier, while lamenting the talent that had left.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Mutual-fund markdowns
3 funds · 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 |
|---|---|---|---|---|
| BlackRock Credit Strategies Fund | $1.00 | -4% | Jun 2023 | |
| First Trust Alternative Opportunities Fund | Common | $93.53 | -34% | Mar 2026 |
| First Trust Private Assets Fund | Common | $93.53 | -28% | Mar 2026 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Jun 2026.
Source: SEC NPORT-P fund marks (below); peak per primary round
