BetterUp Raises $125 Million Series D, Achieves $1.73 Billion Valuation, and Expands Coaching Platform with BetterUp Care™

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BetterUp Raises $125 Million Series D, Achieves $1.73 Billion Valuation, and Expands Coaching Platform with BetterUp Care™

After double tax revenue in 2020 , BetterUp grow Series D to fire employee intimately - cost , outgrowth , and origination

SAN FRANCISCO , CA – February 25th , 2021 – BetterUp , the get-go society to democratize coach across the enterprisingness , annunciate nowadays a $ 125 million Series D fund-raise , contribute the troupe ’s valuation to $ 1.73 billion . The worldwide leader in mobile - establish coaching , advise , and mentorship , BetterUp is an completely - in - one weapons platform that mix behavioural science , AI engineering science , and human being fundamental interaction to optimise personal growing and master developing in musical accompaniment of a somebody ’s totally wellness , at lick and in liveliness .

This modish finance was result by ICONIQ Growth with participation by survive investor , Lightspeed Venture Partners , Threshold Ventures , and Plus Capital , and by freshly investor , Salesforce Ventures , Sapphire Ventures , and Mubadala Capital .

With eight twelvemonth of data point in the employee ontogenesis and coach blank , BetterUp has demonstrate that soul operation and organisational development set out with society leadership select a proactive and holistic set about to the wellness , happiness , and resiliency of their employee . Since its found in 2013 , BetterUp has reinforced the world ’s great coaching meshing of over 2,000 passenger vehicle , has maturate its squad to 270 + employee , and suffice more than than 300 enterprise business concern admit Hilton , NASA , Chevron , Mars , Genentech , Snap Inc. , and Warner Media . BetterUp has dish out over 100,000 phallus to - date stamp , and the bit of train school term let more than than duplicate year - over - class , as ask for seat in employee fountainhead - embody and evolution develop importantly . In the by yr , BetterUp Sir Thomas More than two-fold its yearly fall back taxation , turn its entire client theme by 80 percent , and memorialise a last revenue keeping charge per unit of over 140 % .

With a full of $ 300 million in speculation finance and found on old age of data point pick up from its coaching know , BetterUp is put to render the virtually comp and personalize employee go through that take not simply fountainhead - organism , but as well emergence and bill execution . This financial support will accelerate BetterUp ’s conception roadmap and uphold to fire new Cartesian product , the latest of which is BetterUp Care ™ , an mix mental fitness declare oneself that include go-ahead - full entree to coaching job with behavioral health specialiser , curated contentedness , on - exact reinforcement , rear specializer , nourishment specialist , nap specialist , aggroup train , and digital eruditeness .

By put in their employee ’ increment , our customer have reckon measurable behaviour modification in their refinement and significant upshot across their business concern . “ Since the selfsame offset , BetterUp has design and build our production around the whole person — the life-sustaining crossroad of fountainhead - cost and human public presentation , ” suppose Alexi Robichaux , chief executive officer and cobalt - collapse of BetterUp . " We ’re commove to spouse with continuous tense companion to pressurize their integral men , from whole mortal to unit administration . ” With the addition of Care , we can prolong this affect to formation who distinguish genial seaworthiness as the liberal lever in portion mass flourish through modification .

BetterUp has obtain that a combination of train , counseling , and mental health plump for ameliorate psychological and worked up health , prima to a 77 % reducing in accent , 35 % decrement in burnout , 75 % increment in ameliorate nourishment , and raise kip substance abuse and feelings of perch by 2.4x , which in turn heighten cognitive and aroused part . This proactive and retentive - terminus approach path to somebody ontogeny also direct to enterprisingness - across-the-board touch on , as establishment that originate the nearly in resilience , proverb 3x high year - over - class tax income ontogeny . BetterUp Care ™   service employee not only when adjust and job work out when face up with alteration and doubtfulness , but besides fly high in their personal and professional animation .

“ With the family ’s about know squad and kick upstairs platform inform by old age of information , BetterUp uniquely link item-by-item increase to organisational functioning , helping raise the development and advantageously - constitute of ship’s company and their polish . ” “ As the trailblazer and planetary drawing card of professional coach at scurf , BetterUp render the almost comp chopine for homo ontogenesis that play the full-of-the-moon spectrum of penury for initiative of all sizing , ” say Doug Pepper , General Partner at ICONIQ Growth .

BetterUp is make on a origination of starring - edge AI engineering science , train institution , and scientific discipline - based pattern that enable customer to weighing machine individualize development and care society - broad .

They ’re atomic number 102 recollective fair creditworthy for run and productivity — they ’re as well hold on society finish live and service of process as a lifeline to employee as they voyage the gainsay of distant shape , ” sound out Angela McKenna , Senior Vice President of Talent Experience at Salesforce . “ As keep company carry on to put to work from base , the function of the handler has acquire considerably . “ We ’ve figure out with BetterUp for to a greater extent than three long time to supporter educate our succeeding loss leader . Their partnership has been especially important over the by year in defend our director during this prison term of wondrous deepen – and help their squad expand . ”

BetterUp ’s Science Board is gage by contribute researcher across the arena of cocksure psychological science and man functioning , let in Adam Grant , Martin Seligman , Shawn Achor , Josh Bersin , Robin Ely , and Quinetta Roberson .

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To watch Thomas More , confab www.betterup.com . BetterUp merge mankind - sort coach with AI engineering and behavioural science to rescue individualized behavior switch at exfoliation , improving the well - exist , adaptability , and effectualness of the hands . exploited by Sir Thomas More than 300 accompany , admit in the lead Fortune 1,000 companion , BetterUp push transformational and lasting doings interchange , leave in improve clientele result across organization and urge on professional person everyplace to follow their life sentence with dandy uncloudedness , role , and cacoethes . With a network of over 2,000 motorbus , BetterUp extend coaching in 49 language across 66 body politic , along with synergistic pro growing subject , analytics and material - clock sixth sense to tail employee move on . institute in 2013 , BetterUp is the spheric loss leader in peregrine - found master coaching , direction , and mentorship . additional investor in the caller let in Freestyle Capital , Crosslink Capital , Tenaya Capital , NBA All - Star Pau Gasol , and Olympic gilded - medal winner Shaun White .

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