What is BetterUp?
Founded in 2013 and headquartered in San Francisco, California, BetterUp operates a mobile-based leadership development platform. The company provides on-demand, virtual coaching sessions designed to help individuals practice and reinforce new behaviors and skills, with individual growth meticulously measured and tracked. BetterUp's platform serves as a critical tool for organizations aiming to enhance the capabilities of their workforce through personalized and accessible coaching.
How much funding has BetterUp raised?
BetterUp has raised a total of $569.8M across 6 funding rounds:
Angel/Seed
$2.9M
Series A
$12.9M
Series B
$26M
Series C
$103M
Series D
$125M
Series E
$300M
Angel/Seed (2016): $2.9M with participation from Graph Ventures, SV Angel, Ulu Ventures, and Afore Capital
Series A (2016): $12.9M led by Social Capital, SV Angel, Crosslink Capital, Threshold, Vista Wealth Management, and Freestyle Capital Group
Series B (2018): $26M supported by Freestyle Capital, Lightspeed Venture Partners, Crosslink Capital, and DFJ Esprit
Series C (2019): $103M featuring Lightspeed Venture Partners
Series D (2021): $125M backed by Lightspeed Venture Partners, THRESHOLD VENTURES, ICONIQ Growth, Salesforce Ventures, PLUS Capital, Mubadala, and Sapphire Ventures
Series E (2021): $300M with participation from SV Angel, Sapphire Ventures, Plus Capital, Morningside Group, ICONIQ Capital, Wellington Management, Lightspeed Venture Partners, Salesforce, and Mubadala
Key Investors in BetterUp
Lightspeed Venture Partners
Lightspeed Venture Partners (lsvp.com) is a global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
Crosslink Capital
Crosslink Capital is an investment firm that partners with ambitious early-stage founders to build category-defining companies, focusing on seed and Series A investments. Their proprietary network, Alpha, connects over 2,000 founders, CEOs, investors, and thought leaders.
SV Angel
SV Angel is a long-term investment firm dedicated to supporting founders in creating impactful businesses by providing essential resources, strategic insights, and a vast network to help companies scale.
What's next for BetterUp?
The substantial capital infusion, particularly the recent major strategic investment, positions BetterUp for accelerated expansion and innovation. This backing is expected to fuel further development of its platform, enhance its service offerings, and potentially broaden its market reach. The company's focus on measurable individual growth and scalable leadership development suggests a strategic trajectory aimed at capturing a larger share of the corporate training and employee development market. Future initiatives may include expanding into new verticals or enhancing its data analytics capabilities to provide even deeper insights into leadership effectiveness.
See full BetterUp company page
