BetterUp, a San Francisco, CA-based coaching enterprise company, raised $125m in Series D funding.
The round, which brought the valuation to $1.73 billion, was led by ICONIQ Growth with participation from existing investors Lightspeed Venture Partners, Threshold Ventures, and Plus Capital, and by new investors, Salesforce Ventures, Sapphire Ventures, and Mubadala Capital.
Led by Alexi Robichaux, CEO and co-founder, BetterUp is an all-in-one platform that combines behavioral science, AI technology, and human interaction to optimize personal growth and professional development in support of a person’s whole health, at work and in life.
Since its founding in 2013, BetterUp has built a coaching network of over 2,000 coaches, has grown its team to 270+ employees, and serves more than 300 enterprise businesses including Hilton, NASA, Chevron, Mars, Genentech, Snap Inc., and Warner Media.
This funding will accelerate BetterUp’s innovation roadmap and continue to fuel new products, the latest of which is BetterUp Care™, an integrated mental fitness offering that includes enterprise-wide access to coaching with behavioral health specialists, curated content, on-demand support, parenting specialists, nutrition specialists, sleep specialists, group coaching, and digital learning.