Workrise Raises $300M in Series E Funding

Workrise Co-Founder and Chief Operating Officer Mike Witte (L) and Co-Founder and Chief Executive Officer Xuan Yong (R)

Workrise, an Austin, Texas-based workforce management platform for the skilled trades, raised $300m in Series E funding.

The round was led by Baillie Gifford, with participation from new investor Franklin Templeton and existing investors Founders Fund, Bedrock Capital, Andreessen Horowitz, Moore Strategic Ventures, 137 Ventures, and Brookfield Growth Partners.

The company intends to use the funds to continue to expand into new markets served by its platform.

Founded in 2014, Workrise provides an online management platform that connects skilled laborers with infrastructure and energy companies looking to staff and manage projects efficiently. The company’s online platform matches workers with more than 500 companies in its network, manages payroll and benefits, and provides access to training.

Workrise now serves more than 70 metro areas in the U.S., including Atlanta and Broomfield, CO where the company trains and matches workers to jobs across the U.S. wind industry.

Last year, the company placed more than 4,500 workers, or nearly a third of all its workers placed in 2020, in renewable-energy jobs.