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Operates a workforce management platform for the energy sector, connecting skilled tradespeople with employers and providing career tools.
Workrise develops a comprehensive source-to-pay platform streamlining field operations for specialized industries. It provides integrated software for workforce management, including human resources, scheduling, time tracking, payroll, and benefits administration. This approach optimizes complex processes from talent sourcing to financial settlements for businesses and their contingent workers.
Workrise was co-founded in 2014 by Xuan Yong, Michael Witte, and Anne Hardy. The founders identified significant inefficiencies within the fragmented field services ecosystem, specifically concerning contingent workforce management and specialized labor procurement. This insight drove the creation of a unified platform addressing these challenges for businesses and professionals.
The platform primarily serves energy service companies and skilled workers in the field operations sector, empowering businesses to manage services and administrative tasks while connecting professionals with opportunities. Workrise's vision focuses on delivering quality services to clients, ensuring efficient, safe operations, and fostering a more organized market for specialized labor.
Workrise has raised $720.8M across 5 funding rounds.
Workrise has raised $720.8M in total across 5 funding rounds.
Workrise has raised $720.8M in total across 5 funding rounds.
Workrise's investors include 137 Ventures, Andreessen Horowitz, Geoff Lewis, Brookfield Technology Partners, Founders Fund, Franklin Templeton, David George, Bedrock Capital, Josh Raffaelli, Quantum Energy Partners, Napoleon Ta, Global Reserve Group.
Workrise develops a comprehensive source-to-pay platform streamlining field operations for specialized industries. It provides integrated software for workforce management, including human resources, scheduling, time tracking, payroll, and benefits administration. This approach optimizes complex processes from talent sourcing to financial settlements for businesses and their contingent workers.
Workrise was co-founded in 2014 by Xuan Yong, Michael Witte, and Anne Hardy. The founders identified significant inefficiencies within the fragmented field services ecosystem, specifically concerning contingent workforce management and specialized labor procurement. This insight drove the creation of a unified platform addressing these challenges for businesses and professionals.
The platform primarily serves energy service companies and skilled workers in the field operations sector, empowering businesses to manage services and administrative tasks while connecting professionals with opportunities. Workrise's vision focuses on delivering quality services to clients, ensuring efficient, safe operations, and fostering a more organized market for specialized labor.
Workrise has raised $720.8M across 5 funding rounds. Most recently, it raised $300.0M Series E in May 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 20, 2021 | $300.0M Series E | 137 Ventures, Andreessen Horowitz, Geoff Lewis, Brookfield Technology Partners, Founders Fund, Franklin Templeton | |
| Oct 10, 2019 | $300.0M Series D | David George | Bedrock Capital, Josh Raffaelli, Founders Fund, Quantum Energy Partners |
| Jan 29, 2019 | $60.0M Series C | Napoleon Ta | Bedrock Capital, Global Reserve Group, Quantum Energy Partners |
| Feb 6, 2018 | $45.8M Debt / Series B | Napoleon Ta, Global Reserve Group, Jeffrey Harris, Silicon Valley Bank | |
| Apr 15, 2016 | $15.0M Series A | BoxGroup, Founders Fund, GE Ventures, Great Oaks Venture Capital, Moore Capital |