If we can prevent just a single mid- to director-level professional from burning out and leaving his or her company, we’ve more than matched our customer’s investment in BetterUp for an entire year.
If we really want to invest in our people, we need to make some big changes, now. Turns out, there is a better way to invest in your team. It genuinely inspires your employees and radically improves performance. It reinvents how personalized professional development can be done in a mobile, video, and cloud connected world.
BetterUp is that way. BetterUp brings unprecedented access to real live coaches into the hands of every employee. And today, I am excited to announce that we’ve raised an additional $26M in Series B financing, bringing our total to $39M raised, to accelerate our mission of helping professionals live with greater clarity, purpose, and passion. Will Kohler and Lightspeed Ventures led the round with existing investors DFJ, Freestyle Capital, and Crosslink Capital participating.
I’m incredibly thankful to my fantastic co-founder, Eddie Medina, and our amazing team for all the hard work, dedication, and passion that helped bring us here today. We’re also grateful to our beloved customers, who endlessly inspire us with the profound care they pour into crafting transformational development experiences that enable their people to bring their whole selves to work.
The combination of passionate customers, human experts, cloud-connected mobile video, science, and lots of love from BetterUppers has powered Betterup to become one of the fastest growing companies in the corporate training market. In our wildest dreams, we never imagined we’d be changing people’s lives—and not just their work lives—at companies as well known as Genentech and LinkedIn.
On average, our customers see improvement of nine percent in resilience, a 14 percent increase in productivity, and jump 20 percentiles (compared to a national average) in teamwork and collaboration. On top of that, BetterUp customers see unprecedented reductions in causes of turnover, with average decreases in stress of 15 percent and burnout of 10 percent. Companies like Genentech and Logitech have embraced BetterUp as a way to provide transformational change that accelerates employee performance and boosts retention. In fact, with the help of BetterUp, Logitech employees cut their risk of burnout in half!
To put this in perspective, if we can prevent just a single mid- to director-level professional from burning out and leaving his or her company, we’ve more than matched our customer’s investment in BetterUp for an entire year.
As BetterUp customer and Senior Director of Learning & Development at Logitech, Jessica Amortegui, puts it, “Of all the initiatives and workshops I have done in my career, I have never seen an impact like the one created with BetterUp. It’s been phenomenal to experience.”
