Betterworks Raises More Money with Series B Investment

In a recent Series B investment, Betterworks secured another $27 million to bring its Series B total to $51 million. With additional funding, the company’s grand total reached $65 million. Kleiner Perkins, Emergence Capital, and several other investors contributed. Betterworks plans to use the funds to boost sales and increase innovative developments.

Customers rely on Betterworks for innovation in continuous management programs. The company saw an increase of 100 percent in its key activities for the second year in a row. The new developments helped customers achieve improved agility, performance, alignment, and talent retention.

Betterworks is a preferred software among companies that realize the importance of abandoning annual performance reviews and replacing them with monitoring programs that provide continuous updates. The purpose of the software is to maximize productivity for companies and satisfaction for employees. Its program is designed to be a complete solution for companies that need quarterly results. It incorporates important CFRs that help boost morale and motivation in the workforce. One of the Series B investors affirmed this and added that the entire workforce must focus on what matters most to a company while they also work on their own career development if the company wants to maximize its sustained advantage.

Recently, Betterworks expanded its services into 20 different languages and more countries. Its user engagement increased to an average usage of once every 10 days per user. The company also launched an HR advisory council to offer guidance from industry experts. According to the company’s site, it values passion, customers, people, and accomplishment. Founded in 2013, Betterworks still welcomes feedback from users and the public to improve its products. The company measures its success based on the satisfaction of its customers.

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