What is Betterworks?
Headquartered in Redwood City, California, and established in 2013, Betterworks provides a sophisticated performance management platform designed to help businesses align, develop, and activate their human capital. By integrating goal-setting frameworks with continuous feedback loops, the company enables organizations to bridge the gap between high-level strategic objectives and individual employee contributions. In an era where remote and hybrid work models have become standard, Betterworks offers the digital infrastructure necessary for maintaining organizational cohesion and driving measurable performance outcomes across diverse teams.
How much funding has Betterworks raised?
Betterworks has raised a total of $108.9M across 6 funding rounds:
Private Equity
$1.6M
Private Equity
$8.4M
Angel/Seed
$2.5M
Series A
$15.5M
Series B
$20M
Unspecified
$61M
Private Equity (2010): $1.6M, investors not publicly disclosed
Private Equity (2011): $8.4M, investors not publicly disclosed
Angel/Seed (2014): $2.5M supported by Kleiner, Perkins, Caufield and Byers
Series A (2014): $15.5M featuring Kleiner Perkins Caufield & Byers and Formation8
Series B (2016): $20M backed by Kleiner, Perkins, Caufield and Byers, AME Cloud Ventures, Ff Venture Capital, 8VC, Emergence Capital Partners, and Pejman Mar Ventures
Unspecified (2021): $61M, investors not publicly disclosed
Key Investors in Betterworks
Kleiner Perkins
A Menlo Park-based venture capital firm that invests in early and growth-stage technology companies, providing operational support from seed through IPO.
AME Cloud Ventures
A venture fund focusing on infrastructure and data-centric companies, providing resources and operational experience to support entrepreneurs.
ff Venture Capital
A leading seed and early-stage venture capital firm based in New York, specializing in emerging industries such as AI, robotics, and enterprise software.
What's next for Betterworks?
With the recent capital injection, Betterworks is well-positioned to accelerate its product roadmap, focusing on deeper integration with existing enterprise workflows and advanced analytics capabilities. The company is expected to leverage this strategic investment to expand its footprint in the global market, targeting organizations that require robust tools to manage complex performance cycles. As the demand for data-driven talent management continues to rise, Betterworks is poised to capitalize on its established market position, potentially exploring new avenues in AI-driven performance insights and automated organizational development to maintain its competitive edge.
See full Betterworks company page
