BetterUp Raises $300 Million in Series E  

by Kay Aloha Villamor in October 13th, 2021

BetterUp, a San Francisco CA-based virtual professional coaching, and Mental fitness platform raised $300 million in Series E funding.

The round was led by Wellington Management, ICONIQ Growth, and Lightspeed Venture Partners, with participation from Salesforce Ventures and Mubadala Investment Company, also customers of BetterUp, along with Sapphire Ventures, Morningside Group, SV Angel, and PLUS Capital.

The company intends to use the funds to accelerate growth, expand operations and its business reach.

Company: BetterUp, Inc.

Raised: $300.0M

Round: Series E

Funding Month: October 2021

Lead Investors: Wellington Management, ICONIQ Growth, and Lightspeed Venture Partners

Additional Investors: Salesforce Ventures, Mubadala Investment Company, Sapphire Ventures, Morningside Group, SV Angel, and PLUS Capital

Company Website: https://www.betterup.com/

Software Category: Coaching and Mental fitness platform

About the Company: Led by Alexi Robichaux, CEO, BetterUp provides a platform that combines coaching with AI technology and behavioral science to deliver personalized behavior change and improve the well-being, adaptability, and effectiveness of the workforce. With a network of over 3,000 coaches, the company offers coaching in 46 languages across over 90 countries, along with interactive professional development content, analytics, and real-time insights to track employee progress. The company, which serves more than 380 enterprise businesses including Hilton, Salesforce, bp, NASA, Chevron, and Snap Inc., has also expanded its leadership team with the hiring of Prince Harry, Duke of Sussex, as Chief Impact Officer, Tom Van Gilder MD, JD, MPH as the company’s first Chief Medical Officer and Omar Dawood MD, MPH, MBA as President of BetterUp Care™.

Source: https://www.finsmes.com/2021/10/betterup-raises-300m-in-series-e-funding.html


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