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
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Hyphenmark India Private Limited
- Date of Incorporation 04 Apr, 2018
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.76 M (USD)59.73as on Mar 31, 2023
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Net Profit
$162.61 K (USD)62.66as on Mar 31, 2023
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EBITDA
$253.16 K (USD)65.48as on Mar 31, 2023
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Total Equity Funding
$131.93 M (USD)
in 6 rounds
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Latest Funding Round
$76.06 K (USD), Series C
Nov 06, 2023
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Investors
Kleiner Perkins
& 7 more
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Employee Count
47
as on Apr 10, 2024
- Investments & Acquisitions
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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.
People of BetterWorks
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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.
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.
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Tech focused Early and growth stage VC firm investing in the US
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Venture capital firm investing in early-stage tech startups
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Investor details for BetterWorks
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Investments & Acquisitions by BetterWorks
BetterWorks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Betterworks.
Investment portfolio details for BetterWorks
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Employee feedback is gathered through mobile surveys and recognition tools.
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Complete acquisition details for BetterWorks
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Financial Statements - BetterWorks
Detailed financials for BetterWorks
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Betterworks Comparisons
Peer comparison for BetterWorks
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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.
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Cloud-based financial planning and analytics are delivered via SaaS.
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Employee feedback and reports are managed via a SaaS platform.
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Cloud-based performance management solutions are offered for employees.
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Cloud based employee performance and recognition management software
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Cloud-based mind mapping is facilitated for enterprise collaboration.
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Detailed competitors of BetterWorks
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Latest news on 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 current CEO of BetterWorks.
BetterWorks is a funded company, having raised a total of $131.93M across 6 funding rounds to date.
As of Apr 10, 2024, the latest employee count at BetterWorks is 47.
Annual revenue of BetterWorks is $1.76M as on Mar 31, 2023.
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.