Better was founded in 2016 by Vishal Garg and is headquartered in New York, NY. The company is reportedly planning to go public in August 2023 after its proposal to combine with Aurora Acquisition Corp., a special-purpose acquisition company (SPAC) was approved by shareholders. The merger could bring at least $500M in new capital from SoftBank, with the potential for another $200M if Novator utilizes its $100M option, which SoftBank would have to match.

Better is a digital homeownership company with services including mortgage, real estate and homeowners’ insurance, aiming to make “homeownership simpler, faster – and most importantly, more accessible to all Americans.” Since its founding through mid 2021, Better has funded over $45B in home loans and raised over $400M in equity capital. In 2018, Better patterned with Ally Bank to build Ally powered by Better, and in 2021, Better acquired Trussle, a UK online mortgage banker. Better’s current valuation is $7.7B.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Register for Details

For more details on financing and valuation for Better, register or login.

Please provide a valid email address.

By registering, you agree to Forge’s Terms of Use. Already registered? Log in

Learn more about Better

Forge green plus iconForge green minus icon

What is Better's IPO price?

Better's IPO price is $0.578 as of 1/18/24.
Forge green plus iconForge green minus icon

What is Better's funding to date?

Better has raised $415.15MM to date.
Forge green plus iconForge green minus icon

When was Better founded?

Better was founded in 2016.

Who are Better's major investors?

Citi
L Catterton
Goldman Sachs
9Yards Capital
Activant Capital
IA Ventures
Moderne Ventures

Better Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
11/11/2020 Series D, D-1, D-2, D-3, D-4 and D-5 $197.55MM raised $XXX.XX $XXX.XX
8/19/2019 Series C, C-1, C-2, C-3, C-4, C-5, C-6 and C-7 $161.38MM raised $XXX.XX $XXX.XX
2/9/2017 Series B and B-1 $26.01MM raised $XXX.XX $XXX.XX
5/31/2016 Series A and A-1 $30.2MM raised $XXX.XX $XXX.XX
Based on primary financings
Powered by Forge Data
Updated on: Nov 15, 2023

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.