BetterUp Raises $300M in Series E
BetterUp has successfully raised $300M in a Series E at a $4.7B valuation led by ICONIQ Growth, Lightspeed Venture Partners.
Company Overview
BetterUp is a HealthTech company headquartered in San Francisco, CA, founded in 2013 with 700+ employees.
Professional coaching and mental fitness platform
Fundraising Details
- Amount Raised: $300M
- Round Type: Series E
- Valuation: $4.7B
- Date: 2021-10-05
- Investors: ICONIQ Growth, Lightspeed Venture Partners
About BetterUp
Professional coaching and mental fitness platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2013
- Team Size: 700+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in BetterUp's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. BetterUp's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $4.7B valuation marks an important milestone for BetterUp, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, BetterUp is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-10-05. For more information about BetterUp, visit their headquarters at San Francisco, CA.
