BetterWorks, a Redwood City, CA-based provider of enterprise goal setting software, closed a $20m Series B funding round.
The round was led by Emergence Capital, with participation from Kleiner Perkins Caufield & Byers, 8VC and all existing shareholders.
BetterWorks intends to use the funds to further develop its operational suite and continue to expand its business.
Led by Kris Duggan, CEO, BetterWorks provides enterprise organizations with software to manage strategic plans, collaborative goals and ongoing performance conversations.
The company has just released performance development and strategic planning modules to its suite and will add 360 degree and peer feedback capabilities focused on individual work as well as contributions to company values over the coming months.
BetterWorks, which has an office in New York City, serves over 200 enterprise customers including AOL, CVS Health, BMW, Schneider Electric, Airbnb and Shutterstock, with users completing nearly 200,000 goals.