# BetterUp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/betterup

- Industry: Education/Training
- Headquarters: Austin, US
- Website: www.betterup.com/
- Total disclosed funding: $628M
- Latest round: Series E (Sep 24, 2021)
- Investors on record: 16

## About

Founded in 2013 and based in Texas, US, BetterUp Inc. offers a mobile-based career coaching platform that allows users to connect with their preferred mentors and receive custom training services through messaging, virtual interactions, and provision of insights and metrics. The company was founded by Alexi Robichaux (CEO) and Eduardo Medina. In September 2021, BetterUp, Inc. raised USD 339 million in series E funding co-led by Iconiq Capital and Lightspeed Venture Partners, including Wellington Management, Morningside Group, Mubadala Capital, Plus Capital, Salesforce Ventures, Sapphire Ventures, and SV Angel. The series E funding values BetterUp, Inc. at USD 4.24 billion post-money.

The company provides workplace solutions including growth and transformation, BetterUp care, diversity, inclusion & belonging, and sales performance. The company provides a coaching platform which offers coaching in 46 languages along with interactive professional development content, analytics and real-time insights to track employee progress. The company also offers one-on-one, specialist and on-demand coaching along with group sessions.

The firm generates revenue primarily through subscription-based coaching services. It offers personalized coaching via one-on-one sessions, group coaching, and micro-coaching, supported by AI-driven matching and behavioral science.

## Funding rounds

- Series E, Sep 24, 2021, $339M — Lightspeed Venture Partners, Sapphire Ventures, Wellington Management, SV Angel, ICONIQ Capital, Plus Capital, Salesforce Ventures, Mubadala Capital, Morningside
- Series D, Feb 12, 2021, $147M — Lightspeed Venture Partners, Sapphire Ventures, ICONIQ Capital, Plus Capital, Salesforce Ventures, Mubadala Capital, Threshold Ventures
- Series C, Jun 12, 2019, $103M — Lightspeed Venture Partners, Crosslink Capital, Tenaya Capital, Silicon Valley Bank, Freestyle VC, Threshold Ventures
- Series B, Mar 28, 2018, $26M — Lightspeed Venture Partners, Crosslink Capital, Freestyle VC, Threshold Ventures
- Series B, Jun 1, 2017 — Lightspeed Venture Partners
- Series A, Nov 14, 2016, $10M — Crosslink Capital, SV Angel, Freestyle VC, Social Capital, Threshold Ventures
- Seed, Jan 4, 2016, $2.9M — Crosslink Capital, SV Angel, Freestyle VC, Social Capital, Threshold Ventures, Vistari Venture Partners

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Seed, Series A, Series B, Series C
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed, Series A, Series E
- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed, Series A, Series B, Series C
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Seed, Series A
- Threshold Ventures (https://capitalatlas.ai/funds/threshold-ventures) — Seed, Series A, Series B, Series C, Series D
- Vistari Venture Partners — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C, Series D, Series E
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series C
- Silicon Valley Bank — Series C
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series D, Series E
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series D, Series E
- Plus Capital (https://capitalatlas.ai/funds/plus-capital) — Series D, Series E
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series D, Series E
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series D, Series E
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series E
- Morningside (https://capitalatlas.ai/funds/morningside) — Series E