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BetterUp, a San Francisco-based startup that provides personalized coaching services, announced it has raised $125 million in a Series D funding round.
The round was led by the growth-equity firm TCV, with participation from existing investors Crosslink Capital, Lightspeed Venture Partners, and Threshold Ventures.
BetterUp was founded in 2013 with the goal of providing accessible, affordable, and effective coaching services to individuals and organizations. The company’s platform allows users to select coaches and mentors who are matched to their individual needs, and to connect with those coaches via text, audio, or video.
The company has seen significant growth in recent years, and now has more than 500,000 users and 800 coaches in its network.
According to BetterUp CEO Alexi Robichaux, the new funding will be used to expand the company’s offerings and reach, as well as to continue developing its technology platform.
“We’re focused on helping every individual reach their fullest potential,” Robichaux said. “This new funding will enable us to scale our platform and expand our reach to more individuals and organizations around the world.”
BetterUp has raised a total of $255 million since its founding and is now valued at $1.73 billion. The company says it plans to use the new funding to expand its presence in the US, UK, Australia, and Canada, as well as to invest in product innovation.
In addition to its coaching services, BetterUp also provides a range of content and tools, including research-backed assessments, exercises, and activities.
The company has also recently launched a suite of services specifically designed to help organizations create more supportive and engaging cultures.
“We’re thrilled to have the support of TCV and our other investors as we continue to grow and empower individuals and organizations around the world,” Robichaux said.
FAQ
Q: What is BetterUp?
A: BetterUp is a San Francisco-based startup that provides personalized coaching services. The platform allows users to select coaches and mentors who are matched to their individual needs, and to connect with those coaches via text, audio, or video.
Q: How much money has BetterUp raised?
A: BetterUp has raised a total of $255 million since its founding, including a $125 million Series D funding round led by the growth-equity firm TCV.
Q: What does BetterUp offer?
A: BetterUp offers personalized coaching services, as well as a range of content and tools, including research-backed assessments, exercises, and activities. The company has also recently launched a suite of services specifically designed to help organizations create more supportive and engaging cultures.
Q: How will the new funding be used?
A: The new funding will be used to expand the company’s offerings and reach, as well as to continue developing its technology platform. BetterUp plans to use the new funding to expand its presence in the US, UK, Australia, and Canada, as well as to invest in product innovation.
Conclusion
In conclusion, BetterUp is a San Francisco-based startup that provides personalized coaching services, and has recently raised $125 million in a Series D funding round. The new funding will be used to expand the company’s offerings and reach, as well as to continue developing its technology platform. BetterUp offers a range of services, including personalized coaching, as well as content and tools for individuals and organizations. With the new funding, BetterUp aims to expand its presence in the US, UK, Australia, and Canada, as well as to invest in product innovation.
