BetterUp, a San Francisco CA-based virtual professional coaching and Mental fitness platform, raised $300M 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.
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™.
The funding will also accelerate BetterUp’s international growth, having most recently opened new offices in Munich, London, and Amsterdam, along with recent strategic acquisitions of advanced people experience platforms Motive and Impraise, announced last month.
FinSMEs
12/10/2021