BetterUp was founded in 2013 by Alexi Robichaux and Eddie Medina. BetterUp has not officially endorsed a plan to participate in an IPO.
BetterUp is a mental health coaching platform for businesses and their employees. Per Forge data, BetterUp has raised a total of $569.8 million in funding over 7 rounds. Their latest funding was raised on Oct 8, 2021, from a Series E round. Key investors include ICONIQ Growth, Wellington Management, Lightspeed Venture Partners, and Threshold.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/08/2021 | Series E | $340MM | $xx.xx | $4.75B | Wellington Management, ICONIQ Growth, Lightspeed Venture Partners, Salesforce Ventures, Mubadala Investment Company, Sapphire Ventures, Morningside Group, SV Angel, PLUS Capital | |
Price per Share
$xx.xx
Shares Outstanding
58,929,963
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Wellington Management, ICONIQ Growth, Lightspeed Venture Partners, Salesforce Ventures, Mubadala Investment Company, Sapphire Ventures, Morningside Group, SV Angel, PLUS Capital
|
||||||
02/25/2021 | Series D | $152.83MM | $xx.xx | $1.73B | ICONIQ, Lightspeed Venture Partners, Threshold Ventures, Plus Capital, Salesforce Ventures, Sapphire Ventures, Mubadala Capital | |
Price per Share
$xx.xx
Shares Outstanding
66,080,396
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ICONIQ, Lightspeed Venture Partners, Threshold Ventures, Plus Capital, Salesforce Ventures, Sapphire Ventures, Mubadala Capital
|
||||||
06/12/2019 | Series C | $124.22MM | $xx.xx | $704.35MM | Lightspeed Venture Partners, Freestyle Capital, Crosslink Capital, Draper Fisher Jurvetson Management, Threshold Ventures, Tenaya Capital, Silicon Valley Bank | |
Price per Share
$xx.xx
Shares Outstanding
114,726,752
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lightspeed Venture Partners, Freestyle Capital, Crosslink Capital, Draper Fisher Jurvetson Management, Threshold Ventures, Tenaya Capital, Silicon Valley Bank
|
||||||
03/28/2018 | Series B | $27MM | $xx.xx | $121.47MM | Lightspeed Venture Partners, Freestyle Capital, Crosslink Capital, Draper Fisher Jurvetson Management | |
Price per Share
$xx.xx
Shares Outstanding
110,595,800
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lightspeed Venture Partners, Freestyle Capital, Crosslink Capital, Draper Fisher Jurvetson Management
|
||||||
11/16/2016 | Series Seed-1 | $859,982 | $xx.xx | $34.64MM | Draper Fisher Jurvetson, Crosslink Capital, SV Angel, Freestyle Capital, Vista Venture Partners, Social Capital | |
Price per Share
$xx.xx
Shares Outstanding
27,405,440
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Draper Fisher Jurvetson, Crosslink Capital, SV Angel, Freestyle Capital, Vista Venture Partners, Social Capital
|
||||||
11/16/2016 | Series Seed | $2.3MM | $xx.xx | $34.64MM | Draper Fisher Jurvetson, Crosslink Capital, SV Angel, Freestyle Capital, Vista Venture Partners, Social Capital | |
Price per Share
$xx.xx
Shares Outstanding
58,635,740
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Draper Fisher Jurvetson, Crosslink Capital, SV Angel, Freestyle Capital, Vista Venture Partners, Social Capital
|
||||||
11/16/2016 | Series A | $10.09MM | $xx.xx | $34.64MM | Draper Fisher Jurvetson, Crosslink Capital, SV Angel, Freestyle Capital, Vista Venture Partners, Social Capital | |
Price per Share
$xx.xx
Shares Outstanding
96,763,320
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Draper Fisher Jurvetson, Crosslink Capital, SV Angel, Freestyle Capital, Vista Venture Partners, Social Capital
|