Workrise Overview

  • Founded
  • 2014
Founded
  • Status
  • Private
  • Employees
  • 790
Employees
  • Latest Deal Type
  • 2ndary - Private
  • Investors
  • 24

Workrise General Information

Description

Developer of on-demand workforce management and hiring platform designed to empower the people who get hard work done. The company's platform matches workers with multiple companies in its network manages payroll and benefits, and offers access to training, enabling clients to hire quickly, track contractor compliance and minimize administrative work.

Contact Information

Website
www.workrise.com
Formerly Known As
RigUp
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Human Capital Services
Other Industries
Media and Information Services (B2B)
Business/Productivity Software
Primary Office
  • 111 Congress Avenue
  • Suite 900
  • Austin, TX 78701
  • United States
+1 (512) 000-0000

Workrise Timeline

2019202020212022
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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Workrise Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
12. Secondary Transaction - Private 00000 Completed Generating Revenue
11. Later Stage VC (Series E) 20-May-2021 00000 00000 00.00 Completed Generating Revenue
10. Secondary Transaction - Private 00000 Completed Generating Revenue
9. Later Stage VC (Series D1) 23-Mar-2020 000.00 00000 00.000 Completed Generating Revenue
8. Debt - General 01-Mar-2020 00000 Completed Generating Revenue
7. Later Stage VC (Series D) 04-Oct-2019 00000 00000 00.00 Completed Generating Revenue
6. Later Stage VC (Series C1) 10-Jun-2019 0000 00000 00000 Completed Generating Revenue
5. Later Stage VC (Series C) 12-Oct-2018 0000 00000 00000 Completed Generating Revenue
4. Later Stage VC (Series B1) 08-Jun-2018 $10M $73.8M 00000 Completed Generating Revenue
3. Later Stage VC (Series B) 05-Jan-2018 $45.8M $63.8M 00000 Completed Generating Revenue
To view Workrise’s complete valuation and funding history, request access »

Workrise Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E 000,000 00.000000 00 0000.00 0000.00 00 0000.00 00.000
Series D1 000,000 00.000000 00 0000.00 0000.00 00 0000.00 0.000
Series D 000,000 00.000000 00 0000.00 0000.00 00 0000.00 00.000
Series C1 000,000 00.000000 00 0000.00 0000.00 00 0000.00 0.000
Series C 000,000 00.000000 00 000.0 000.0 00 000.0 00.000
Series B1 000,000 00.000000 00 000.00 000.00 00 000.00 0.000
Series B 000,000 00.000000 00 000 000 00 000 0.000
Series A 650,636 $0.000100 8% $22.34 $22.34 1x $22.34 9.4%
Seed 508,799 $0.000100 8% $5.48 $5.48 1x $5.48 7.35%
To view Workrise’s complete cap table history, request access »

Workrise Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of on-demand workforce management and hiring platform designed to empower the people who get hard work done. T
Human Capital Services
Austin, TX
790 As of 2022
00000
000000 - 000 00000

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00000 0000000 00000000
Chicago, IL
0000 As of 0000
00000
000000000 00000

00000000

giat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deser
00000 000 00000000000 00000000 (000)
Santa Monica, CA
0000 As of 0000
00000
0.00 0000-00-00
00000000 00000
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Workrise Competitors (14)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
CareerBuilder Private Equity-Backed Chicago, IL 0000 00000 000000000 00000
000000000000 Formerly VC-backed Santa Monica, CA 0000 00000 00000000 00000
00000000000 000000 Corporation Burlington, MA 00
0000000 Venture Capital-Backed San Mateo, CA 0 00.000 00000000000 00.000
0000 Formerly VC-backed American Fork, UT 000 00000 00000000 00000
You’re viewing 5 of 14 competitors. Get the full list »

Workrise Patents

  • 2

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 000

    Granted

  • 000

    Pending

  • 000

    Expiring in next 12 mo

Workrise Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20180365618-A1 System and method for assessing worker engagement and company culture Abandoned 16-Jun-2017 000000000000
US-20180365619-A1 System and method for assessing worker engagement and company culture Abandoned 16-Jun-2017 000000000000 0

Workrise Executive Team (17)

Name Title Board Seat Contact Info
Xuan Yong Co-Founder, Chief Executive Officer and Board Member
Michael Witte Co-Founder, Co-Chief Operating Officer, Head of Finance and Product and Board Member
Allen Narcisse Co-Chief Operating Officer
Derek Beckman Chief People Officer
Meagan Howard Strategic Sales Director
You’re viewing 5 of 17 executive team members. Get the full list »

Workrise Board Members (8)

Name Representing Role Since
David George Andreessen Horowitz Board Member 000 0000
Geoff Tabachnick Founders Fund Board Member 000 0000
Jeffrey Harris Global Reserve Group Board Member 000 0000
Michael Witte Workrise Co-Founder, Co-Chief Operating Officer, Head of Finance and Product and Board Member 000 0000
Napoleon Ta Founders Fund Board Member 000 0000
You’re viewing 5 of 8 board members. Get the full list »

Workrise Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Workrise Investors (24)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Breyer Capital Venture Capital Minority 000 0000 000000 0
Franklin Templeton Asset Manager Minority 000 0000 000000 0
Moore Strategic Ventures Venture Capital Minority 000 0000 000000 0
Plus Capital Venture Capital Minority 000 0000 000000 0
137 Ventures Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 24 investors. Get the full list »

Workrise Acquisitions (2)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000000 0000 20-Jan-2020 0000000000 Human Capital Services
Ally Consulting 30-Apr-2019 Merger/Acquisition Energy Marketing
To view Workrise’s complete acquisitions history, request access »

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Workrise Subsidiaries (2)

Company Name Industry Location Founded
Shipyard Staffing Human Capital Services Norfolk, VA 1982
0000 0000000000 Energy Marketing Lakewood, CO
To view Workrise’s complete subsidiaries history, request access »