About BetterWorks
BetterWorks is a company based in Palo Alto (United States) founded in 2010.. 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 47 employees as of April 10, 2024. BetterWorks has completed 1 acquisition, including Betterworks. BetterWorks offers products and services including Intelligent Performance Management, Goals, Conversations, Feedback, and Employee Engagement. BetterWorks operates in a competitive market with competitors including Workday Adaptive Planning, 15Five, Lattice, Workhuman and MindManager, among others.
- Headquarter Palo Alto, United States
- Employees 47 as on 10 Apr, 2024
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Hyphenmark India Private Limited
- Date of Incorporation 04 Apr, 2018
- Jurisdiction Bangalore, Karnataka, India
-
Annual Revenue
$1.76 M (USD)59.73as on Mar 31, 2023
-
Net Profit
$162.61 K (USD)62.66as on Mar 31, 2023
-
EBITDA
$253.16 K (USD)65.48as on Mar 31, 2023
-
Total Equity Funding
$131.93 M (USD)
in 6 rounds
-
Latest Funding Round
$76.06 K (USD), Series C
Nov 06, 2023
-
Investors
Kleiner Perkins
& 7 more
-
Employee Count
47
as on Apr 10, 2024
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of BetterWorks
BetterWorks offers a comprehensive portfolio of products and services, including Intelligent Performance Management, Goals, Conversations, Feedback, and Employee Engagement. 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 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.
Unlock access to complete
Unlock access to complete
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 Total Funding
- Total Rounds 6
- Last Round Series C — $76,065
-
First Round
First Round
(02 Aug 2011)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series C - BetterWorks | Valuation |
investors |
|
| May, 2021 | Amount | Series C - BetterWorks | Valuation |
investors |
|
| Mar, 2019 | Amount | Series B - BetterWorks | Valuation | Emergence Capital , Kleiner Perkins |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Tech focused Early and growth stage VC firm investing in the US
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in early-stage tech startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by BetterWorks
BetterWorks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Betterworks. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Employee feedback is gathered through mobile surveys and recognition tools.
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - BetterWorks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Betterworks Comparisons
Competitors of BetterWorks
BetterWorks 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 Workday Adaptive Planning, 15Five, Lattice, Workhuman and MindManager, 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 |
Cloud-based financial planning and analytics are delivered via SaaS.
|
|
| domain | founded_year | HQ Location |
Employee feedback and reports are managed via a SaaS platform.
|
|
| domain | founded_year | HQ Location |
Cloud-based performance management solutions are offered for employees.
|
|
| domain | founded_year | HQ Location |
Cloud based employee performance and recognition management software
|
|
| domain | founded_year | HQ Location |
Cloud-based mind mapping is facilitated for enterprise collaboration.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Betterworks
Frequently Asked Questions about BetterWorks
When was BetterWorks founded?
BetterWorks was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is BetterWorks located?
BetterWorks is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of BetterWorks?
Doug Dennerline is the current CEO of BetterWorks.
Is BetterWorks a funded company?
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 B of $27M, raised on Aug 02, 2011.
How many employees does BetterWorks have?
As of Apr 10, 2024, the latest employee count at BetterWorks is 47.
What is the annual revenue of BetterWorks?
Annual revenue of BetterWorks is $1.76M as on Mar 31, 2023.
What does BetterWorks do?
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.
Who are the top competitors of BetterWorks?
BetterWorks's top competitors include Workday Adaptive Planning, Lattice and 15Five.
What products or services does BetterWorks offer?
BetterWorks offers Intelligent Performance Management, Goals, Conversations, Feedback, and Employee Engagement.
How many acquisitions has BetterWorks made?
BetterWorks has made 1 acquisition, including Betterworks.
Who are BetterWorks's investors?
BetterWorks has 8 investors. Key investors include Kleiner Perkins, Pear VC, Startup Island Jeju Private Investment Association, Emergence Capital, and 8VC.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.