About Better Place
Better Place is a company based in Gronau (Germany) founded in 2007 by Ralf Ochs and Joachim Muller. It operates as a AI-as-a-Service, and EduTech. Better Place has raised $660.75 million across 4 funding rounds from investors including HSBC, UBS and Morgan Stanley. Better Place has completed 1 acquisition, including MyRocket. Better Place offers products and services including LearnCraft and Adaptive LMS Tools. Better Place operates in a competitive market with competitors including Nfinite Nanotechnology, NANOSONO, Sterifre Medical, Tomi Environmental Solutions and Cantel Medical, among others.
- Headquarter Gronau, Germany
- Founders Ralf Ochs, Joachim Muller
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Sectors
Chemicals & MaterialsHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Better Place Ai
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Products & Services of Better Place
Better Place offers a comprehensive portfolio of products and services, including LearnCraft and Adaptive LMS Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI engine transforms prompts into structured educational courses.
Tools designed for smarter, personalized education delivery systems.
Funding Insights of Better Place
Better Place has successfully raised a total of $660.75M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50.05 million completed in August 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $50.1M
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First Round
First Round
(13 May 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2012 | Amount | Debt – Conventional - Better Place | Valuation |
investors |
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| Nov, 2011 | Amount | Series C - Better Place | Valuation | GE Capital , UBS | |
| May, 2010 | Amount | Series C - Better Place | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Better Place
Better Place has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include HSBC, UBS and Morgan Stanley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Finance and advisory services for infrastructure projects are provided.
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Venture capital firm
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Commercial aircraft and equipment leasing and lending services are provided.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Better Place
Better Place has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MyRocket. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Multi-industry jobs are matched to users via an online platform.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Better Place
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Better Place Comparisons
Competitors of Better Place
Better Place operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nfinite Nanotechnology, NANOSONO, Sterifre Medical, Tomi Environmental Solutions and Cantel Medical, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Anti-abrasion nanocoatings are developed for diverse surfaces.
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Nanotech-based antimicrobial coatings are provided for healthcare applications.
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| domain | founded_year | HQ Location |
Provider of an infection management solution for healthcare professionals
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| domain | founded_year | HQ Location |
Infection prevention products are developed for life sciences sectors.
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| domain | founded_year | HQ Location |
Infection prevention products are manufactured for healthcare settings.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Better Place
Frequently Asked Questions about Better Place
When was Better Place founded?
Better Place was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Better Place located?
Better Place is headquartered in Gronau, Germany. It is registered at Gronau, North Rhine-westphalia, Germany.
Is Better Place a funded company?
Better Place is a funded company, having raised a total of $660.75M across 4 funding rounds to date. The company's 1st funding round was a Series C of $350M, raised on May 13, 2009.
What does Better Place do?
Better Place AI is dedicated to revolutionizing education by leveraging artificial intelligence and educator creativity. Personalized and scalable learning experiences are created through their proprietary AI engine, LearnCraft, which instantly converts prompts into structured courses including lesson plans, quizzes, and video scripts. Adaptive LMS tools are also provided to enhance the delivery of education, making it smarter and accessible to a global audience. The company operates in the EdTech sector, aiming to build infrastructure for the future of learning that is faster to create and designed for diverse learners.
Who are the top competitors of Better Place?
Better Place's top competitors include Tomi Environmental Solutions, Nfinite Nanotechnology and NANOSONO.
What products or services does Better Place offer?
Better Place offers LearnCraft and Adaptive LMS Tools.
How many acquisitions has Better Place made?
Better Place has made 1 acquisition, including MyRocket.
Who are Better Place's investors?
Better Place has 7 investors. Key investors include HSBC, UBS, Morgan Stanley, GE Capital, and European Investment Bank.