Oilfield services marketplace RigUp has secured General Electric as an investor in a round that took its overall funding to $18m.
RigUp, the US-based operator of an online marketplace for oil industry equipment and services, has raised $15m in a series A round featuring General Electric, the Wall Street Journal has reported.
The industrial equipment manufacturer, which took part through its GE Ventures unit, invested together with Founders Fund, Box Group, Great Oaks Venture Capital, Frees VC and Moore Capital.
RigUp’s bidding, compliance and invoicing platform links oilfield service providers and equipment vendors with operators. The service itself is free to…
