RigUp, Inc.’s $300 Million Series D Funding Round

WilmerHale represented RigUp, Inc.

On October 10, 2019, RigUp, Inc., the energy industry’s largest marketplace for on-demand services and skilled labor, announced that it secured $300 million in a Series D funding round led by Andreessen Horowitz, with additional investors Founders Fund, Bedrock Capital and Quantum Energy Partners. This recent investment will be used by RigUp to expand the business into renewable energy, midstream oil and gas, and downstream operations. RigUp will also focus on hiring at its Austin-based headquarters and Denver office.

WilmerHale team was led by David Haber (Picture), along with Bill Caporizzo, Hartmut Schneider, Mark Nylen, Todd Rosenthal and Natasha Bennett.

Involved fees earner: William Caporizzo – WilmerHale; David Haber – WilmerHale; Mark Nylen – WilmerHale; Todd Rosenthal – WilmerHale; Hartmut Schneider – WilmerHale;

Law Firms: WilmerHale;

Clients: RigUp Inc;

Author: Ambrogio Visconti