RigUp, an Austin, Texas-based energy industry’s marketplace for on-demand services and labor, raised a $60m Series C round of funding.
The round was led by Founders Fund with participation from existing investors Quantum Energy Partners, Global Reserve Group, and Bedrock Capital.
The company intends to use the funds to continue to expand operations.
Led by CEO and co-founder Xuan Yong, RigUp provides a marketplace for service providers and operators to find people who will get the job done. The app allows pre-qualified contract oilfield workers to search for a job and find a work and engineers and project managers working for large services companies or E&P companies to hire quickly, track contractor compliance, and minimize administrative work.