Funding round
BetterUp Series A
BetterUp, which works in AI-Powered human transformation solutions in Austin, raised $13M in a Series A round announced on 16 Nov 2016, led by dfj. 3 firms took part. It is BetterUp's first venture round on record.
$13M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
BetterUp did not disclose a valuation in this round. It is BetterUp's first venture round on record, 3 years after it was founded in 2013. It is 2.3% of the $567M BetterUp has raised in the venture rounds on record. BetterUp raised again 16 months later: a Series B round of $26M in Mar 2018, at $125M post-money.
BetterUp's funding rounds
BetterUp has 5 venture rounds on record. This one is highlighted.
- Series A this round 16 Nov 2016, led by dfj $13M
- Series B 28 Mar 2018, led by Lightspeed Venture Partners $26M$125M post-money
- Series C 12 Jun 2019, led by Lightspeed Venture Partners $103M
- Series D 1 Mar 2021, led by ICONIQ Growth $125M$1.73B post-money
- Series E 8 Oct 2021, led by Wellington Management, ICONIQ Growth and Lightspeed Venture Partners $300M$4.70B post-money
Investors
Who put money in
dfj led the round with 2 other firms.
Lead investor
- backs 52 venture-backed companies new investor
Also in the round
- SV Angel backs 293 venture-backed companies new investor
- backs 63 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Guild Professional & Management Training | 16 Sep 2016 | $8.5M | not disclosed | Redpoint Ventures |
| Professional & Management Training | 12 Jan 2017 | $5.2M | not disclosed | Owl Ventures |
| Professional & Management Training | 1 Jul 2016 | $7.2M | not disclosed | not named |
| Professional & Management Training | 22 Apr 2016 | undisclosed | not disclosed | not named |
| Professional & Management Training | 12 Sep 2017 | $3.5M | not disclosed | Arthur Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did BetterUp raise in its Series A round?
BetterUp raised $13M in its Series A round, announced in Nov 2016.
Who led BetterUp's Series A round?
dfj led it, with SV Angel and Freestyle VC.
What was BetterUp's valuation at the Series A round?
It was not disclosed.
Did BetterUp raise again after this round?
Yes: a Series B round in Mar 2018 of $26M at $125M post-money.