Workforce management platform Workrise has raised a $300 million Series E round led by Baillie Gifford, with new investor Franklin Templeton joining existing investors including Founders Fund, Bedrock Capital, Andreessen Horowitz, Moore Strategic Ventures, 137 Ventures, and Brookfield Growth Partners.
Workrise connects skilled laborers with infrastructure and energy companies looking to staff and manage projects efficiently.
The company will use the latest investment to continue to expand into new markets served by its platform.
"The shift to clean energy and a redoubling of investment in infrastructure are opening up jobs that are desperately in need of filling," said Xuan Yong, Workrise Co-founder, and CEO.
"What's particularly inspiring is that it's helping job seekers develop the skills required to succeed in an industry that is changing significantly," says Dave Bujnowski, investment manager at Baillie Gifford.
The latest funding follows a decision by the company earlier this year to change its name from RigUp to mark the broadening of its business and comes amid plans by Workrise to expand its corporate offices in Austin, Texas.
The company has committed to fill the skilled labor gap by placing 100,000 workers in jobs by the end of 2023, and 1 million by the end of 2030.