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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Technology
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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.
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.
People of BetterUp
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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.
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.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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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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Investor details for BetterUp
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Investments & Acquisitions by BetterUp
BetterUp has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Impraise and Motive Software.
Investment portfolio details for BetterUp
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Cloud-based HR management software is offered for enterprises.
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Web & mobile app for 360 degree feedback and peer coaching
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Complete acquisition details for BetterUp
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Financial Statements - BetterUp
Detailed financials for BetterUp
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Betterup Comparisons
Peer comparison for BetterUp
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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.
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Corporate training is enabled via a SaaS mentoring platform.
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Cloud-based platform for enterprise mentorship programs is utilized.
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Online platform for performance management
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Mobile-based mentorship platform provider
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Cloud-based personality assessments are used for career guidance.
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Detailed competitors of BetterUp
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Latest news on Betterup
Complete news archive for BetterUp
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Frequently Asked Questions about BetterUp
BetterUp was founded in 2013 and raised its 1st funding round 2 years after it was founded.
BetterUp is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Alexi Robichaux is the current CEO of BetterUp. They have also founded this company.
BetterUp is a funded company, having raised a total of $628.05M across 8 funding rounds to date.
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.
BetterUp's top competitors include Torch Leadership Labs, Chronus and MentorcliQ.
BetterUp offers BetterUp Lead, BetterUp Manage, BetterUp Ready, and BetterUp Grow.
BetterUp has made 2 acquisitions, including Impraise, and Motive Software.
BetterUp has 17 investors. Key investors include SVB, Lightspeed Venture Partners, Social Capital, Mubadala, and Wellington.
The valuation of BetterUp is $4.7B as of Sep 2021.