BetterUp IPO

betterup.com

BetterUp was founded in 2013 by Alexi Robichaux and Eddie Medina. CEO Robichaux has stated that he hopes to take the company public through an IPO, but has not disclosed specific plans or timing details. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

BetterUp is a mental health coaching platform that offers businesses the tools to take "a proactive approach to the health and resilience of their employees." The platform uses AI to match users with a coach to help them maximize their psychological performance. BetterUp has acquired the technology and personnel management companies, Mobile and Impraise. BetterUp has raised $600 million in venture capital funding from investors including Wellington Management, ICONIQ, Lightspeed Venture Partners, Threshold Ventures, Salesforce Ventures, Crosslink Capital, and Tenaya Capital. A $300 million Series E round increased the company's valuation to $4.7 billion, which according to the company, makes BetterUp the largest mental health coaching startup in the world.

Founded2013
Total Funding to Date$657.31MM
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BetterUp Ticker Symbol

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BetterUp Stock Price

The stock price for BetterUp will be known as it becomes public. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT).

Major Investors for BetterUp

Sapphire Ventures
Lightspeed Venture Partners
Salesforce Ventures
ICONIQ Growth

BetterUp Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
10/8/2021 Series E $340MM raised $XXX.XX $XXX.XX
2/25/2021 Series D $152.83MM raised $XXX.XX $XXX.XX
6/12/2019 Series C $124.22MM raised $XXX.XX $XXX.XX
3/28/2018 Series B $27MM raised $XXX.XX $XXX.XX
11/16/2016 Series A, Seed, and Seed-1 $13.25MM raised $XXX.XX $XXX.XX
Based on primary financings
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