The GE Ventures-backed energy services marketplace has raised fresh funding in a series D round led by Andreessen Horowitz nine months after its series C.
RigUp, a US-based oilfield workforce platform operator that counts industrial technology conglomerate General Electric (GE) as a backer, has raised $300m in series D funding, the Wall Street Journal has reported.
Venture capital firm Andreessen Horowitz led the round, which included Baillie Gifford, Bedrock Capital, Brookfield Growth Partners, Founders Fund and Quantum Energy Partners, taking the company’s overall funding to more than $450m since it was founded in 2014.
RigUp’s online portal connects oilfield operators and service providers to independent…