What is Betterworks?
Established in 2013 and headquartered in Redwood City, California, Betterworks provides a sophisticated performance management platform designed to help businesses align, develop, and activate their workforce potential. By integrating goal-setting frameworks with continuous feedback loops, the company enables enterprises to bridge the gap between high-level strategy and daily execution. As the modern workplace shifts toward more agile and transparent management structures, Betterworks has positioned itself as an essential tool for organizations seeking to improve employee engagement and operational efficiency through data-driven insights.
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 Pejman Mar Ventures, AME Cloud Ventures, Ff Venture Capital, Kleiner, Perkins, Caufield and Byers, 8VC, and Emergence Capital Partners
Unspecified (2021): $61M, investors not publicly disclosed
Key Investors in Betterworks
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Park-based venture capital firm that invests in early and growth-stage technology companies, providing operational support from seed through IPO.
Formation8
Formation 8 is a venture capital firm that supports entrepreneurs in building market-leading smart enterprise and energy technology companies with global scale.
Pejman Mar Ventures
Pejman Mar Ventures is an early-stage seed fund based in Palo Alto that works closely with founders to navigate obstacles and create pivoting strategies.
What's next for Betterworks?
The recent strategic financing marks a critical inflection point for Betterworks as it transitions into a more mature phase of enterprise-level operations. With the backing of top-tier venture capital firms, the company is well-positioned to accelerate its product roadmap, likely focusing on deeper AI-driven analytics and expanded integrations within the broader HR technology ecosystem. As the firm continues to scale, the focus will remain on maintaining its market-leading position by helping global enterprises navigate the complexities of hybrid work environments and evolving talent management requirements.
See full Betterworks company page
