About BetterWorks
BetterWorks is a Technology company based in Palo Alto (United States) founded in 2010. Online goal setting, tracking and management. BetterWorks has raised $131.93 million across 6 funding rounds from investors including Kleiner Perkins, Pear VC and Startup Island Jeju Private Investment Association. The company has 231 employees. BetterWorks has completed 1 acquisition, including Betterworks. Its chief executive, as recorded, is Doug Dennerline. Its website betterworks.com draws about 423 thousand monthly visits. Its Indian entity Hyphenmark India Private Limited reported revenue of ₹21.86 Cr. BetterWorks offers products and services including Intelligent Performance Management, Goals, Conversations, Feedback, and Employee Engagement. Its focus areas include Enterprise Applications, HRTech, Performance Management and Suite. Its competitors include Workday Adaptive Planning, 15Five and Lattice; 3 of its 3 listed competitors have raised funding.
Company details
BetterWorks was founded in 2010 in Palo Alto, United States, and operates in the human resources technology sector. A cloud-based platform is provided to enable companies to establish employee goals, deliver feedback, and monitor performance. Large objectives are divided into individual tasks for staff members, with progress tracked across organizations. Over 200 enterprise clients, including AOL, CVS Health, and BMW, are served by the service.
- Headquarters Palo Alto, United States
- Employees 231
- SectorsTechnology
- Website category Computers Electronics and Technology · Programming and Developer Software
- Website betterworks.com
- Social LinkedIn X Instagram YouTube
- Legal Name Hyphenmark India Private Limited
- Date of Incorporation 04 Apr, 2018
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹21.86 Cr
FY 2026 · +18% YoY
- Indian entity net profit₹2.03 Cr
FY 2026 · 9% margin
- Indian entity EBITDA₹3.17 Cr
FY 2026 · 15% margin
- Total Equity Funding$131.93M (USD)
in 6 rounds
- Latest Funding Round$76.06K (USD), Series C
Nov 2023
- InvestorsKleiner Perkins
& 7 more
- Employee Count231
- Investments & Acquisitions
Associated legal entities of BetterWorks
BetterWorks operates through Hyphenmark India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hyphenmark India Private Limited CIN U74999KA2018FTC111896 | Active | 04 Apr 2018 | Bangalore, Karnataka | ₹21.9 Cr | 47 | 3 | View details |
Products & Services of BetterWorks
BetterWorks offers a comprehensive portfolio of products and services, including Intelligent Performance Management, Goals, Conversations, Feedback, and Employee Engagement.
Platform for tracking goals and employee performance metrics.
Tool for aligning and monitoring organizational objectives.
System for conducting 1:1 meetings and feedback exchanges.
Feature for providing peer and manager feedback promptly.
Module to enhance workforce motivation and retention.
Apps and channels of BetterWorks
its YouTube channel Betterworks has 2.18K subscribers and 30 videos.
Videos from BetterWorks
The most watched videos on BetterWorks's YouTube channel, Betterworks (2.18K subscribers). Click a video to play it here.
More on Betterworks.
Funding Insights of BetterWorks
BetterWorks has successfully raised a total of $131.93M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $76.06 thousand completed in November 2023. 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 $131.93M
- Total Rounds 6
- Last Round Series C — $76,065
- First Round $8.35M
(Aug 2011)
- Investors Count 8
All 6 funding rounds of BetterWorks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2023 | $76,065 | Series C | – | – | |
| May 2021 | $61M | Series C | – | – | – |
| Mar 2019 | $27M | Series B | – | Emergence Capital, Kleiner Perkins | – |
| Mar 2016 | $20M | Series B | – | Emergence Capital | |
| Sep 2014 | $15.5M | Series A | – | Kleiner Perkins | |
| Aug 2011 | $8.35M | Series A | – | Redpoint Ventures | – |
8 investors in total: 8 institutional.
Investors in BetterWorks
BetterWorks has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Kleiner Perkins, Pear VC and Startup Island Jeju Private Investment Association.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused Early and growth stage VC firm investing in the US | emcap.com | San Francisco, United States | ||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Venture capital firm investing in technology, life sciences, and related sectors. | 8vc.com | |||
AME Cloud Ventures is focused on investing in data-driven technology companies. | amecloudventures.com | Palo Alto, United States | ||
Seed & early stage VC firm investing the US | 2013 | pear.vc | San Francisco, United States | |
VC Firm investing in the US | formation8.com | San Francisco, United States | ||
Redpoint Ventures is engaged in venture capital investments. | redpoint.com | Woodside, United States |
Investor details for BetterWorks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Hyphenmark India Private Limited (BetterWorks)
Hyphenmark India Private Limited is the primary company behind BetterWorks. The board of Hyphenmark India Private Limited currently have 3 directors; the longest-serving is Shyamalendu Mukherjee, appointed in 2020. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shyamalendu Mukherjee DIN 00710939 | Director | 14 May 2020 | 6 yrs 5 mo | Hyphenmark India Private Limited |
| Cheryl Marie Porro DIN 10422641 | Director | 11 Mar 2024 | 2 yrs 8 mo | Hyphenmark India Private Limited |
| Leslie Margaret Trdinich DIN 10673714 | Director | 08 Jul 2024 | 2 yrs 4 mo | Hyphenmark India Private Limited |
People of BetterWorks
52 people are tracked at BetterWorks (17 in leadership, 4 in board & advisors, 31 in team); the tracked headcount is 231.
| Name | Role | Group |
|---|---|---|
Doug Dennerline | CEO | Leadership |
Ashley Litzenberger | Senior Director Product, Brand, And Content Marketing | Leadership |
Andrea Lagan | COO | Leadership |
John Schneider | Chief Marketing Officer | Leadership |
Bruce Walcroft | Director Of Solutions Engineering | Leadership |
Maher Hanafi | Vice President Of Engineering | Leadership |
Cheryl Johnson | Chief Product & Technology Officer | Leadership |
Arnav Garg | Product Director | Leadership |
Stefanie White | Director Of Facilities And Special Projects | Leadership |
Amanda Iles | Director | Leadership |
Rob Budzinski | Vice President Of Professional Services | Leadership |
Christopher F. | Head Of Legal | Leadership |
Caitlin Collins | Program Strategy Director | Leadership |
Jamie A. | Associate Creative Director | Leadership |
Jason Bilyeu | Director Of Software Engineering | Leadership |
C S Sriram | Senior Director Of Engineering | Leadership |
Amy Culverhouse | Head Of Growth EMEA | Leadership |
Jason Green | Board of Directors | Board & advisors |
Bruce Felt | Board of Directors | Board & advisors |
Bing Gordon | Board Observer | Board & advisors |
32 more people are available in the full profile.
Complete people profiles for BetterWorks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of BetterWorks
Figures of Hyphenmark India Private Limited, the primary company behind BetterWorks, for FY 2026. Revenue was ₹21.86 Cr (+18% year on year). Net profit was ₹2.03 Cr (9% margin). EBITDA was ₹3.17 Cr (15% margin). Revenue has grown at a compounded annual rate of +14% over three years and +38% over five years.
- ₹21.86 CrRevenue · FY 2026 · +18% YoY
- ₹2.03 CrNet profit · 9% margin
- ₹3.17 CrEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 47Employees (provident fund records)
- +14%Revenue CAGR, 3 years
- +38%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hyphenmark India Private Limited are on its company page.
Detailed financial statements for BetterWorks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by BetterWorks
BetterWorks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Betterworks.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Employee feedback is gathered through mobile surveys and recognition tools. | gethyphen.com | San Francisco, United States | 2015 | Feb 2020 | •••• |
Complete acquisition details for BetterWorks
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of BetterWorks
4 dated milestones of BetterWorks across 13 years, from founding to its latest funding, stage changes and deals.
- Founded BetterWorks is founded.
- Funding First funding round of $8.4M.
- Acquisition Acquires Betterworks.
- Funding Latest funding round, Series C, of $76K.
Competitors of BetterWorks
BetterWorks has 3 listed competitors in our database, 3 of them funded. They include Workday Adaptive Planning, 15Five and Lattice.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| adaptiveinsights.com | 2003 | Palo Alto, United States | $150.35M | 416 | Cloud-based financial planning and analytics are delivered via SaaS. | |
| 15five.com | 2011 | San Francisco, United States | $98.09M | 168 | Employee feedback and reports are managed via a SaaS platform. | |
| lattice.com | 2015 | San Francisco, United States | $332.17M | Cloud-based performance management solutions are offered for employees. |
Detailed competitors of BetterWorks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of BetterWorks
The website of BetterWorks (betterworks.com) receives about 423.1K visits a month and ranks #82,648 among all websites worldwide, #1,778 in Programming and Developer Software.
- Monthly visits423.1K
▼ 3.8% vs previous month
- Unique visitors106.1K
per month
- Global rank#82,648
among all websites
- Category rank#1,778
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate27%
- Pages per visit6.8
- Average visit3 min 33 sec
- DevicesDesktop 60% · Mobile 40%
Websites whose visitors overlap most with BetterWorks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| github.com | 100% | 542.6M | #65 | View details | |
| workboard.com | 98% | 36.9K | #904,267 | View details | |
| 15five.com | 96% | 468.1K | #95,109 | View details | |
myworkday.com | myworkday.com | 96% | #420 | – | |
| performyard.com | 96% | 222.8K | #151,713 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for BetterWorks
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Top companies in HR & Workforce Technology
3 companies that operate in the same segment as BetterWorks (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Betterworks
Complete news archive for BetterWorks
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Frequently Asked Questions about BetterWorks
BetterWorks was founded in 2010 and raised its 1st funding round 1 year after it was founded.
BetterWorks is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Doug Dennerline is the CEO of BetterWorks, as recorded in our data.
BetterWorks is a funded company, having raised a total of $131.93M across 6 funding rounds to date. The company's 1st funding round was a Series A of $8.35M, raised on Aug 2011.
BetterWorks has 231 employees.
The primary company behind BetterWorks, Hyphenmark India Private Limited, reported revenue of ₹21.86 Cr for FY 2026, up 18% year on year.
BetterWorks was founded in 2010 in Palo Alto, United States, and operates in the human resources technology sector. A cloud-based platform is provided to enable companies to establish employee goals, deliver feedback, and monitor performance. Large objectives are divided into individual tasks for staff members, with progress tracked across organizations. Over 200 enterprise clients, including AOL, CVS Health, and BMW, are served by the service.
BetterWorks's top competitors include Workday Adaptive Planning, Lattice and 15Five.
BetterWorks offers Intelligent Performance Management, Goals, Conversations, Feedback, and Employee Engagement.
BetterWorks has made 1 acquisition, including Betterworks.
BetterWorks has 8 investors. Key investors include Kleiner Perkins, Pear VC, Startup Island Jeju Private Investment Association, Emergence Capital, and 8VC.
BetterWorks operates through Hyphenmark India Private Limited.