Funding

BetterWorks Raises $20M in Series B

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What does BetterWorks do?

BetterWorks, is an enterprise software for easily managing strategic plans, goals and performance conversations. This company’s software provides the easiest way of setting and managing goals. The company is rooted in OKRs- Objectives and Key Results, used Goal Science insights for helping high performance companied to be aligned, stay focused on the work which matters and ultimately is more successful. The company’s experienced team members come from innovative companies such as Cisco, Apple, Palantir, Box and Salesforce. The company is backed by Formation 8 and Kleiner Perkins Caufield & Byers.

How much BetterWorks was funded?

BetterWorks raised $20M in Series B on March 23, 2016 from 8VC, Emergence Capital Partners and Kleiner Perkins Caufield & Byers.

Previous funding

  • Undisclosed amount on December 2, 2010
  • Undisclosed amount in Series A on September 8, 2011
  • $15M in Series A on September 23, 2014 from John Doerr, AME Cloud Ventures, Bing Gordon, Formation 8, Pejman Mar Ventures and Kleiner Perkins Caufield & Byers

What is next for BetterWorks?

The company plans to use the latest funding raised for further expansion of its business for meeting the pressing needs for one, comprehensive business operating system for enterprise organizations.

More about BetterWorks

The company was founded on October 1, 2013 by Kris Duggan, Paul Reeves and Di Wu. It has its headquarters in Redwood City, California.  The company has an office also in New York city. It is backed by Formation 8, Kleiner Perkins Caufield & Buyers, 8VC and Emergence Capital. The company provides enterprise software for easy management of collaborative goals, strategic plans and ongoing performance conversations.  The company’s Business Operating System is built on operational research and Goal Science insights for helping high performance companies execute more effectively.  It has more than 200 enterprise customers including BMW, AOL, Schneider Electric, CVS Health, Shutterstock and Airbnb.

 

 

 

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