Published on : Jun 14, 2019
BetterUp has raised US$103 mn in series C funding. The major investors in this round were Threshold Ventures, Lightspeed Venture Partners, Freestyle Capital, Tenaya Capital, Crosslink Capital, and Silicon Valley Bank.
The company boasts of a wide clientele base, ranging from AirBnB to AppDynamics. It also serves 28 organizations among the Fortune 1000. It offers a SaaS service to companies for the access to its expert coaches online, who help employees with development training and advises and instil passion in the workplace. Recently, BetterUp announced that its year-over-year revenue growth has tripled, thanks to the increasing number of Fortune 1000 clients.
Helping Companies Provide Better Employee Experience to Workforce
Alexi Robichaux, the co-founder and chief executive officer of BetterUp, said that they are proud to help innovative enterprises. She also says that these companies recognize that their workforce deserves a better employee experience. “BetterUp is uniting human expertise, latest digital technologies, such as machine learning and AI, and advance scientific research. As a result, it is matching up to its commitment of delivering exceptional personalized learning experience.”
Since its inception in 2012, BetterUp has raised nearly US$43 mn in venture capital funding. According to PitchBook, It raised US$30 mn in Series B funding that took place in March 2018 and reached a total valuation of US$125 mn. As of now, the company has declined to disclose its valuation after Series C funding. Will Kohler, a partner at Lightpseed since 2014 stated that BetterUp is the one organization, which is investing in the most important aspect of the future, human resources.
BetterUp is a career coaching platform that connects professionals with expert career development and leadership coaches online.