BetterUp Raises $125M to Expand Coaching Platform

BetterUp, the first company to democratize coaching across the enterprise, announced today a $125 million Series D fundraise, bringing the company’s valuation to $1.73 billion. This latest financing was led by ICONIQ Growth with participation by existing investors, Lightspeed Venture Partners, Threshold Ventures, and Plus Capital, and by new investors, Salesforce Ventures, Sapphire Ventures, and Mubadala Capital.

“Since the very beginning, BetterUp has designed and built our products around the whole person — the vital intersection of well-being and human performance,” said Alexi Robichaux, CEO and co-founder of BetterUp. “By investing in their employees’ growth, our customers have seen measurable behavior change in their cultures and significant outcomes across their businesses. With the addition of Care, we can extend this impact to organizations who recognize mental fitness as the biggest lever in helping people thrive through change. We’re excited to partner with progressive companies to supercharge their entire workforce, from whole person to whole organization.”

This funding will accelerate BetterUp’s innovation roadmap and continue to fuel new products, the latest of which is BetterUp Care™, an integrated mental fitness offering that includes enterprise-wide access to coaching with behavioral health specialists, curated content, on-demand support, parenting specialists, nutrition specialists, sleep specialists, group coaching, and digital learning.

Announcement: BetterUp Raises $125M to Expand Coaching Platform