About Betterfly
Betterfly is a company based in Santiago (Chile) founded in 2018 by Cristobal Della Maggiora and Eduardo Della Maggiora.. Betterfly has raised $202.5 million across 5 funding rounds from investors including SoftBank Group, Lightrock and Katapult. Betterfly has completed 5 acquisitions, including Flexoh, Kunder and MyCabbage. Betterfly offers products and services including Insurance Platform, Gamified Health App, Benefits Management Tool, and Analytics Dashboard. Betterfly operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter Santiago, Chile
- Founders Cristobal Della Maggiora, Eduardo Della Maggiora
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Sectors
TechnologyHealthcare
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$202.5 M (USD)
in 5 rounds
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Latest Funding Round
$125 M (USD), Series C
Feb 01, 2022
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Investors
SoftBank Group
& 12 more
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Employee Count
Employee Count
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Investments & Acquisitions
Flexoh
& 4 more
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Products & Services of Betterfly
Betterfly offers a comprehensive portfolio of products and services, including Insurance Platform, Gamified Health App, Benefits Management Tool, and Analytics Dashboard. 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.
Platform for customizable employee health and life insurance plans.
App that rewards healthy habits through gamification and incentives.
Tool for managing rewards, discounts, and community building.
Dashboard providing reports on health habits and ESG metrics.
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Funding Insights of Betterfly
Betterfly has successfully raised a total of $202.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $125 million completed in February 2022. 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 5
- Last Round Series C — $125.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series C - Betterfly | Valuation | Glade Brook Capital | |
| Jun, 2021 | Amount | Series B - Betterfly | Valuation | QED Investors , DST Global | |
| Dec, 2020 | Amount | Series A - Betterfly | Valuation | QED 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 Betterfly
Betterfly has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include SoftBank Group, Lightrock and Katapult. 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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Growth equity is provided to private internet and software companies.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Investments are directed toward growth-stage companies generating scalable impact.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Betterfly
Betterfly has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Flexoh, Kunder and MyCabbage. 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Coupon-based loyalty solutions are provided via an online platform.
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2019 | ||||
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Employee benefit services are provided to companies by Flexoh.
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2015 | ||||
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Digital employee health and wellness plan management platform
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2015 |
| 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 - Betterfly
| 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 |
Betterfly Comparisons
Competitors of Betterfly
Betterfly 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 Hinge Health, Practo, Accolade, Sharecare and Spendesk, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Betterfly
Frequently Asked Questions about Betterfly
When was Betterfly founded?
Betterfly was founded in 2018.
Where is Betterfly located?
Betterfly is headquartered in Santiago, Chile. It is registered at Santiago, Region Metropolitana De Santiago, Chile.
Who is the current CEO of Betterfly?
Eduardo Della Maggiora is the current CEO of Betterfly. They have also founded this company.
Is Betterfly a funded company?
Betterfly is a funded company, having raised a total of $202.5M across 5 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Jun 01, 2018.
What does Betterfly do?
Platform offering employee health and well being solutions. It provides a solutions to reward excellent behavior with life insurance and real time employee reporting to HR for employee perks, business wellness, and social responsibility initiatives. It also offers features such as telemedicine, charitable contributions, life and disability insurance, platforms for investments and savings, legal advice, fitness and meditation applications, financial and wellness education, and more.
Who are the top competitors of Betterfly?
Betterfly's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Betterfly offer?
Betterfly offers Insurance Platform, Gamified Health App, Benefits Management Tool, and Analytics Dashboard.
How many acquisitions has Betterfly made?
Who are Betterfly's investors?
Betterfly has 13 investors. Key investors include SoftBank Group, Lightrock, Katapult, Glade Brook Capital, and Greycroft.
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