BetterUp

BetterUp

Digital coaching for leadership and employee development

About BetterUp

Simplify's Rating
Why BetterUp is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Consulting

Company Size

1,001-5,000

Company Stage

Series E

Total Funding

$563.2M

Headquarters

San Francisco, California

Founded

2013

Overview

BetterUp provides professional coaching and personal development services primarily for businesses. Its main product is a digital platform that connects employees, managers, and executives with expert coaches. These coaches help individuals enhance their leadership skills, manage stress, and develop resilience and self-compassion. The platform uses insights and analytics to customize coaching programs to meet the specific needs of each organization, ensuring that users see measurable improvements in their performance and well-being. Unlike many competitors, BetterUp focuses on a subscription model, allowing companies to provide ongoing access to coaching resources for their employees. The goal of BetterUp is to significantly improve individual and team performance while fostering a healthier work environment.

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Simplify's Take

What believers are saying

  • Growing demand for virtual coaching aligns with BetterUp's core offerings and expertise.
  • Partnerships with thought leaders like Brené Brown enhance brand credibility and reach.
  • Integration with Workday boosts BetterUp's platform appeal and organizational outcomes.

What critics are saying

  • Loss of key personnel may impact BetterUp's consumer strategy and operations.
  • Return-to-office trends could reduce demand for BetterUp's remote coaching services.
  • Rapid expansion may challenge BetterUp's ability to maintain culture and efficiency.

What makes BetterUp unique

  • BetterUp is the inventor of virtual coaching, leading in mental health and coaching.
  • It offers the largest network of over 3,000 coaches in 46 languages.
  • BetterUp integrates AI-driven analytics for personalized and effective coaching experiences.

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Funding

Total Funding

$563.2M

Above

Industry Average

Funded Over

6 Rounds

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$250M
Reddit
$300M
BetterUp
$1250M
Epic Games
$1500M
Airbnb

Benefits

Medical, dental, & vision benefits

Flexible Time Off

Paid parental leave

Unlimited coaching

Wellness programs

Education & learning stipend

Volunteer days

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
BambuUp
Jan 14th, 2025
Nayya bolsters leadership bench: George Michaels joins as Chief Revenue Officer and Rabia Qari joins as Chief Consumer Officer

Rabia joined Nayya from BetterUp, where she was the General Manager of BetterUp's Direct-to-Consumer business.

BetterUp
Dec 6th, 2024
BetterUp Expands Partnership with Workday to Help Managers Act on Employee Feedback and Drive Measurable Results

First-of-its-kind integration with Workday Peakon Employee Voice will help drive organizational success AUSTIN, Texas - Today BetterUp(R), the human transformation company and inventor of virtual coaching, announced an expanded integration with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money.

Yahoo Finance
Nov 20th, 2024
Employees Are Spending The Equivalent Of A Month’S Groceries On The Return-To-Office–And Growing More Resentful Than Ever, Survey Finds

Despite the benefits of remote work for employees, many organizations are abandoning it in favor of returning to the office full-time–or part-time in a hybrid model. A 2024 survey from BetterUp shows that the number of primarily remote roles has been cut in half–and one out of four organizations cite improved connection and culture as the business rationale behind mandated office returns.However, our research found that returning to an office often is a major disruption to one’s routine, foundational work, and overall life experience. We surveyed 1,400 full-time U.S. employees who were mandated to return to in-office work and found that they had higher burnout, stress, and turnover intentions. They also had lower trust in their organization, engagement, and productivity levels. Our results indicate that if the return-to-office transition is not handled with a high level of humanity, sensitivity, and empathy, workplace culture suffers, and the workforce's sense of belonging plummets.We also found that RTO results in pressure on employees’ flexibility, time, and even bank accounts

Inc.
Nov 14th, 2024
Eduardo Medina on Scaling With Purpose, Building a Resilient Culture, and Preparing for an AI Future

During the pandemic, when companies heavily invested in employee wellness solutions, BetterUp rapidly expanded its largely remote workforce, raised a $125 million Series D round, and reached a valuation of $4.7 billion.

HR Executive
Jul 26th, 2024
How online coaching became a 'game changer' for John Muir Health

Among the solutions, John Muir Health's HR team partnered with the online coaching platform BetterUp to provide a range of coaching opportunities to build resilience in employees and development for leaders.

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