About BetterUp
BetterUp is a company based in Austin (United States) founded in 2013 by Eduardo Medina and Alexi Robichaux.. BetterUp has raised $628.05 million across 8 funding rounds from investors including SVB, Lightspeed Venture Partners and Social Capital. BetterUp has completed 2 acquisitions, including Impraise and Motive Software. BetterUp offers products and services including BetterUp Lead, BetterUp Manage, BetterUp Ready, and BetterUp Grow. BetterUp operates in a competitive market with competitors including Chronus, MentorcliQ, Torch Leadership Labs, Sharpist and Clover Leaf, among others.
- Headquarter Austin, United States
- Founders Eduardo Medina, Alexi Robichaux
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Products & Services of BetterUp
BetterUp offers a comprehensive portfolio of products and services, including BetterUp Lead, BetterUp Manage, BetterUp Ready, and BetterUp Grow. 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 to build key leadership capabilities for organizational change.
Tool for personalized growth journeys to enhance manager performance.
Service to build resilience and well-being across teams.
AI-driven coach for ongoing personal and professional growth.
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Funding Insights of BetterUp
BetterUp has successfully raised a total of $628.05M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $189.9 thousand completed in September 2024. 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 8
- Last Round Series E — $189,900
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First Round
First Round
(01 Dec 2015)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2024 | Amount | Series E - BetterUp | Valuation |
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| Feb, 2024 | Amount | Series E - BetterUp | Valuation |
investors |
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| Sep, 2021 | Amount | Series E - BetterUp | Valuation | Wellington , Lightspeed Venture Partners |
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in BetterUp
BetterUp has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Lightspeed Venture Partners and Social Capital. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by Morningside, a VC fund.
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Early-stage investments are provided to transformative technology companies.
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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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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 BetterUp
BetterUp has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Impraise and Motive Software. 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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Cloud-based HR management software is offered for enterprises.
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2019 | ||||
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Web & mobile app for 360 degree feedback and peer coaching
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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 - BetterUp
| 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 |
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Betterup Comparisons
Competitors of BetterUp
BetterUp 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 Chronus, MentorcliQ, Torch Leadership Labs, Sharpist and Clover Leaf, 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 |
Corporate training is enabled via a SaaS mentoring platform.
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| domain | founded_year | HQ Location |
Cloud-based platform for enterprise mentorship programs is utilized.
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| domain | founded_year | HQ Location |
Online platform for performance management
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Mobile-based mentorship platform provider
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| domain | founded_year | HQ Location |
Cloud-based personality assessments are used for career guidance.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Betterup
Frequently Asked Questions about BetterUp
When was BetterUp founded?
BetterUp was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is BetterUp located?
BetterUp is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of BetterUp?
Alexi Robichaux is the current CEO of BetterUp. They have also founded this company.
Is BetterUp a funded company?
BetterUp is a funded company, having raised a total of $628.05M across 8 funding rounds to date. The company's 1st funding round was a Series E of $339M, raised on Dec 01, 2015.
What does BetterUp do?
BetterUp was founded in 2013 and is headquartered in Austin, United States. Coaching services for professionals are delivered via a technology platform. Matches between professionals and coaches are made using evidence-based assessments and machine learning algorithms. The company operates in the professional development sector, with clients including Airbnb, LinkedIn, and Logitech. Operations focus on scalable, data-driven coaching solutions.
Who are the top competitors of BetterUp?
BetterUp's top competitors include Torch Leadership Labs, Chronus and MentorcliQ.
What products or services does BetterUp offer?
BetterUp offers BetterUp Lead, BetterUp Manage, BetterUp Ready, and BetterUp Grow.
How many acquisitions has BetterUp made?
BetterUp has made 2 acquisitions, including Impraise, and Motive Software.
Who are BetterUp's investors?
BetterUp has 17 investors. Key investors include SVB, Lightspeed Venture Partners, Social Capital, Mubadala, and Wellington.
What is BetterUp's valuation?
The valuation of BetterUp is $4.7B as of Sep 2021.
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