RigUp’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

RigUp is an online platform that connects oil and gas companies with contractors, equipment vendors and support service providers. Read more

RigUp is an online platform that connects oil and gas companies with contractors, equipment vendors and support service providers. Read more

Xuan Yong's photo - Co-Founder & CEO of RigUp

Co-Founder & CEO

Xuan Yong

CEO Approval Rating

77/100

Founded:

2014

Status:

TOP COMPETITORS OR ALTERNATIVES

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CEO RATING

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Petrobids is one of RigUp's top competitors. Petrobids is a Private company that was founded in Katy, Texas in 2014. Petrobids is in the Internet Software field. Petrobids has 390 fewer employees vs. RigUp.

Rigzone is perceived as one of RigUp's biggest rivals. Rigzone was founded in 2000 in Houston, Texas. Rigzone competes in the Internet Software industry. Rigzone generates $14.7M less revenue than RigUp.

Energy Resourcing is a top competitor of RigUp. Energy Resourcing's headquarters is in Houston, Texas, and was founded in 1996. Energy Resourcing competes in the Employee Training field. Energy Resourcing generates 50% of RigUp's revenue.

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Growth Score - 1/1

Is 400 a good estimate for RigUp's Employee count?

Acquisitions

No recent acquisitions found related to RigUp

RigUp Funding History

$3M$18M$33M$118.8M$533.8M$562.5M

Since RigUp was founded in 2014, it has participated in 10 rounds of funding. In total RigUp has raised $562.5M. RigUp's last funding round was on Mar 2020 for a total of $28.7M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Mar 2020
$28.7M

Andreesen Horowitz

Series D
Oct 2019
$300M
Equity
Jun 2019
$55M
-
Series C
Jan 2019
$60M
Equity
Oct 2018
$60M
-

Since RigUp was founded in 2014, it has participated in 10 rounds of funding. In total RigUp has raised $562.5M. RigUp's last funding round was on Mar 2020 for a total of $28.7M

Investments

No recent investments found related to RigUp

RigUp News

April 10, 2020Spend Matters

RigUp lays off 100+ over coronavirus and oil; Tipalti waives fees for nonprofits; Delta's voluntary leave tops 35,000; COVID-19 drugs could cost $1

Categories: Afternoon Coffee, Services and Indirect, Services and Indirect Spend, Services Procuremen... See more »
April 10, 2020swfinstitute

RigUp Faces Layoffs and Massive Data Breach

Austin-based RigUp, Inc., a labor and marketplace provider, laid off 25% of its workforce. To make ma... See more »
April 8, 2020Business Insider India

Austin startup RigUp went from hiring 'at a rapid pace' to cutting 25% of staff in a matter of weeks. Now a data breach is adding to its woes.

RigUp, an Austin staffing firm in the oil and gas industry, was living the startup dream in chic offi... See more »
April 1, 2020AIM Group

RigUp energy jobs platform lays off quarter of staff

Oil industry staffing platform RigUp, fresh off a $300 million U.S. funding round, has laid off a qua... See more »
March 30, 2020The Business Journals

RigUp lays off 100-plus employees; Founders to get minimum wage

One of Austin's fastest-rising and most heavily funded startups, RigUp Inc., has laid off a quarter o... See more »
March 30, 2020AmericanInno

Austin Tech Unicorn RigUp Sheds 100-Plus Jobs

One of Austin's fastest-rising and most heavily-funded startups, RigUp, has laid off a quarter of its... See more »

RigUp Blogs

August 12, 2019RigUp Blog

RigUp Families: Father-daughter team trim overhead with RigUp

When running an oil & gas consulting business, there's no shortage of things to manag... See more »
April 10, 2019RigUp Blog

Tips for Pipeline Workers

    Did you know the United States has the largest network of energy pipe... See more »
February 26, 2019RigUp Blog

5 Fun Facts About the Permian Basin

The Permian Basin is not only rich with petroleum and natural gas deposits; it’s rich in ... See more »
February 6, 2019RigUp Blog

Source Experienced Oilfield Contractors from Your Mobile Device

It just got easier to find the best talent for the oilfield - from the oilfield. Introdu... See more »
January 29, 2019RigUp Blog

RigUp Raises $60 Million in Series C Funding Led by Founders Fund

RigUp, the energy industry’s fastest growing tech startup, has raised $90 million+ to dat... See more »
January 7, 2019RigUp Blog

RigUp Highlights of 2018

We started RigUp over four years ago to build the premier marketplace for oilfield servic... See more »
January 4, 2019RigUp Blog

Source Contractors with Screening Questions

At RigUp, we put our people first with every product we deliver. We’re excited to st... See more »

RigUp Videos

Social Statistics

Headquarters

111 Congress Ave Suite 900

Austin, Texas78701

512-501-5452

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Summary

ABOUT

Overview

RigUp is an online platform that connects oil and gas companies with contractors, equipment vendors and support service providers. RigUp was founded in 2014. RigUp's headquarters is located in Austin, Texas, USA 78701. It has raised 562.5M in 10 round...

CEO

RigUp's Co-Founder & CEO, Xuan Yong, currently has an approval rating of 77%. RigUp's primary competitors are Petrobids, Rigzone & Energy Resourcing.

Website

rigup.com

Frequently Asked Questions about RigUp

  1. When was RigUp founded?

    RigUp was founded in 2014
  2. Who is RigUp's CEO?

    RigUp's CEO is Xuan Yong
  3. How much revenue does RigUp generate?

    RigUp generates $20M in revenue
  4. How much funding does RigUp have?

    RigUp has historically raised $562.5M in funding
  1. Where is RigUp's headquarters?

    RigUp's headquarters is in Austin Texas, USA
  2. How many employees does RigUp have?

    RigUp has 400 employees
  3. What sector does RigUp operate in?

    RigUp is in Internet Software
  4. Who are RigUp's competitors?

    RigUp's top competitors are Petrobids, Rigzone, Energy Resourcing