Betterworks Secures Additional $27M

betterworksBetterworks, a Redwood City, CA-based enterprise HR software for continuous performance management, secured an additional $27m.

This extends its Series B investment to $51m and its total funding to more than $65m. These B rounds were led by existing investors Emergence Capital with Kleiner Perkins and participation from seed investors as well.

The company intends to use the funds to continue product innovation and accelerate sales momentum within enterprise organizations.

Led by CEO Doug Dennerline, Betterworks provides HR software to align, develop and activate workforce for business growth. The company recently launched Program Insights, which give HR teams intuitive visualizations that provide actionable insights into their performance management programs, extended product localization to include more than 20 global languages, introduced Team Goals, which increases visibility of cross-functional team goals and progress. In addition, it introduced an HR Advisory Council, comprising industry leaders including noted HR industry analyst and Betterworks board member Josh Bersin, Erin Flynn of Optimizely, Susan Lovegren of Medallia, Amy Capellanti-Wolf of Symantec and others and launched MOTIVATE, an HR-industry event series featuring regional events scheduled throughout the United States including Silicon Valley and New York City.



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