Tuesday, February 6, 2018

RigUp Raises $15.8M

Austin-based online oil field services marketplace RigUp has raised $15.8M in a Series B funding round, and an additional $30M in a credit facility, the company said on Monday. The equity funding came from Quantum Energy Partners and Global Reserve Group, with the credit facility coming from Silicon Valley Bank. RigUp, led by CEO and co-founder Xuan Yong, helps connect oilfield operators connect with workers and other service providers. More information »