BetterWorks | Tracxn Evaluate employees fairly by providing data-driven insight into employee performance, reducing bias, and identifying opportunities to groom talent. BetterWorks is funded by Kleiner Perkins (board member John Doerr) and Emergence Capital (board member Jason Green) and has raised $40M in capital. site you are consenting to these choices. Betterworks customers continue to be highly satisfied with the product and the implementation process, a key criteria for enterprises, giving Betterworks a world-class Net Promoter Score (NPS) of +88. It's a hassle-free weekly employee status reports, dashboard and feedback system that both managers and employees love. The worlds most dynamic enterprises rely on Betterworks to accelerate growth by supporting transparent goal-setting, enabling continuous performance, and learning from employee insights. View contact profiles from Betterworks Popular Searches Betterworks Systems Inc BetterWorks BetterWorks Inc Betterwords Inc Betterworx LLC SIC Code 73,738 NAICS Code 54,541 Show More Top Competitors of Betterworks Reflektive Inc 200 $42M 1 Lattice 595 Managers Turn to Computer Games, Aiming for More Efficient Weekdone develops a platform for managers and employees at companies to be productive, communicative and happy. The Company's platform provides check-ins . Using Performance Enablement to Forge a Fairer Employee Deal. These B rounds were led by existing investors Emergence Capital with Kleiner Perkins and participation from seed investors as well. [17], It may require cleanup to comply with Wikipedia's content policies, particularly, Learn how and when to remove these template messages, promotes the subject through exaggeration of unnoteworthy facts, Learn how and when to remove this template message, "Getting Stuff Done: It's a Goal, and a Rating System", "A Smartwatch App That Lets Your Boss Track You Constantly", "Smartwatch app lets bosses track their employee's work goals in realtime", "Business Goals Platform BetterWorks Leaves Stealth With $15.5M Led By KPCB", "BetterWorks raises another $20M to build a 'business operating system' for enterprises", "Goodbye annual review, see ya performance ratings", "6 fresh ways to motivate the Millennials at your company", "BetterWorks and CEO sued by ex-employee for alleged sexually suggestive assault", "BetterWorks faces new sex harassment suit as it settles first one, picks new CEO", "BetterWorks CEO Hit With Latest Silicon Valley Sexual Harassment Suit", "BetterWorks CEO to step down following accusations of assault, sexual harassment", "Harassment suit puts book by John Doerr, BetterWorks CEO on hold", "Here's What Happens to a Startup After a Sexual Harassment Scandal", "John Doerr's playbook: What the legendary VC learned as an intern at Intel, and how that helped Google and others excel", https://en.wikipedia.org/w/index.php?title=Kris_Duggan&oldid=1092581727, This page was last edited on 11 June 2022, at 05:56. easily set, measure, and cross-functionally align goals. BetterWorks acquired 1 company. Industry Software Development & Design Software Betterworks's Social Media Is this data correct? Betterworks recognized this need for change and developed a platform that enables more frequent employee check-ins, resulting in improved performance and morale. New York, NY, May 20, 2021 ---- Betterworks, the leader in strategy execution software for enterprise companies, announced today they have received an additional $61 million from current investors . These products and services are usually sold through license agreements or subscriptions. What is BetterWorks's latest funding round? Weekdone lets managers quickly know what's happening in their teams and give feedback to employees. Get the full list, To view BetterWorkss complete patent history, request access, Youre viewing 5 of 20 executive team members. Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. BetterWorks has 8 investors. Learn how it impacts everything we do, https://www.businesswire.com/news/home/20230608005208/en/. Betterworks is the only technology that connects the strategy alignment demanded by senior leadership with the individual and team-level performance enablement needed by managers and HR. Get the full list, To view BetterWorkss complete acquisitions history, request access, Morningstar Institutional Equity Research. Most enterprise HR teams have an abundance of people data around such factors as performance, engagement, behaviors, and skill development, but the data exists in scattered silos, and integrating them is usually a struggle. He graduated with an MBA in Information Technology from University of California, Irvine. View source version on businesswire.com: https://www.businesswire.com/news/home/20230417005157/en/ NEW YORK MAY 18, 2021 Betterworks, the leader in strategy execution software for enterprise companies, announced today they have received an additional $61 million from current investors. BetterWorks has one revenue stream: the subscription fee it charges for access to its platform. Betterworks Adds $61 Million in Funding The BetterWorks board of investors and advisors is comprised of luminaries in the HR & Operational industries, including John Doerr, Chairman of KPCB, Bing Gordon, General Partner & Chief Product . "We believe that HR leaders have the power to impact employee experience and drive business results through employee engagement. It was founded in 2011 and is based in San Francisco, California. We also use third-party cookies that help us analyze and understand how you use this website. Betterworks customers continue to be highly satisfied with the product and the implementation process, a key criteria for enterprises, giving Betterworks a world-class Net Promoter Score (NPS) of +88. Betterworks is the only technology that connects the strategy alignment demanded by senior leadership with the individual and team-level performance enablement needed by managers and HR. Investment Banking. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Hear the latest thinking from industry experts and HR innovators on the Betterworks blog. [1] The company is currently known as Cisco WebEx, and provides a host of virtual, on-demand collaboration software including web conferencing and videoconferencing. BetterWorks's valuation in March 2016 was $100M. [8][9] Duggan resigned as CEO of BetterWorks in July 2017 following allegations of sexual misconduct and battery by an ex-employee. All rights reserved. To date, Betterworks has raised a total of $126 million. Copyright Business Wire 2023 Betterworks Named "Best Comprehensive Solution" for Talent Management Unlike monolithic legacy HR technology, Betterworks lightweight and enterprise-ready SaaS solutions for check-ins, feedback, employee engagement, and recognition are built to scale for businesses of all sizes. Ensure that your company and products are accurately represented on our platform. [10], On July 11, 2017, Beatrice Kim, a former employee of BetterWorks, filed a civil lawsuit in Superior Court in San Francisco against the company, Duggan, and two other employees accusing them of sexual harassment and discrimination. Fed Meeting Preview: Will Powell Unveil a Rate-Hike Pause or a Skip? A Restaurant in Wales Is Crowned Best in the UK. CB Insights Intelligence Analysts have mentioned BetterWorks in 2 CB Insights research briefs, most recently on Dec 20, 2021. BetterWorks's deal structure is available for 2 funding rounds, including their Series B from March 23, 2016. Sign up for a free trial to see BetterWorks's valuations in September 2014 and more. Betterworks - Overview, News & Competitors | ZoomInfo.com Discover the latest research, insights and ideas that help companies transform their HR strategies and processes. sustainability. It was specifically highlighted as being the comprehensive solution that solves the core challenges of businesses in the enterprise market and in high-growth companies. Provide specific products and services to you, such as portfolio management or data aggregation. These added funds will provide us the talent and tools to fuel our growth. said CEO of Betterworks, Doug Dennerline. He was also an adjunct faculty member for Singularity University. Conversations were essential to goal achievement, and we saw how the strongest manager and employee relationships led to not only the deepest engagement but the best outcomes. Copyright 2023 CB Information Services, Inc. All rights reserved. CBI websites generally use certain cookies to enable better interactions with our sites and services. BetterWorks BetterWorks Overview Update this profile Founded 2010 Status Private Employees 250 Latest Deal Type Series B2 Latest Deal Amount $30M Investors 24 General Information Description Developer of human resource software designed to align and activate the workforce for business growth. Betterworks Total Financing exceeds $65M with extended Betterworks closes the loop between people, strategy, and results, enabling organizations to align even their most sprawling, dynamic teams. About Betterworks Using Performance Enablement to Forge a Fairer Employee Deal, Join us as we transform performance management together. Its products are designed to help mid-market customers with goal objectives and key results (OKR) management, performance reviews, employee feedback, and manager-employee conversations. Get the full list, Youre viewing 5 of 12 board members. The company was founded in 2015 and is based in San Francisco, California. Unlike monolithic legacy HR technology, Betterworks lightweight and enterprise-ready SaaS solutions for check-ins, feedback, employee engagement, and recognition are built to scale for businesses of all sizes. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 2023 PitchBook. According to the The State of People Analytics 2022-23 report , only 29% of HR professionals believed their organization is good at making positive changes based on people analytics. As per Lighthouse Research & Advisory, the HR technology industry currently boasts over 5,000 providers. These cookies track visitors across websites and collect information to provide customized ads. Dashboards provide coherent insights for HR to deliver on the right talent initiatives, such as investing in the most valuable performance-building activities and knowing how to refocus employee training efforts. BetterWorks's products include Betterworks Continuous Performance Enablement and 4 more. The company offers a cloud-based platform for employees to provide weekly feedback about progress for CEOs and other managers. Company profile page for Betterworks Inc including stock price, company news, press releases, executives, board members, and contact information . Recognizing that the process of goal setting and traditional performance management no longer work, and that large enterprises are adapting to leading remote and hybrid workforces, Betterworks offers the OKR solution that companies are looking for next. our story. For more information, visit http://www.betterworks.com. The solution also presents the insights in the form of a visual data story that follows a narrative structure starting with the business question and presenting the answer in the form of a dashboard. Betterworks is backed by Kleiner Perkins, Emergence Capital, and John Doerr. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. financial calendar. It was founded in 2011 and is based in San Francisco, California. As businesses deal with the current economic uncertainty, the good ones know that the thing to focus on is remaining relevant by preparing for the long term. Today, Betterworks encompasses the practices that not only drive outcomes and performance, but help people feel connected to their work, their company, their managers, and their colleagues something we call performance enablement. NEW YORK (PRWEB) May 18, 2021 Betterworks, the leader in strategy execution software for enterprise companies, announced today they have received an additional $61 million from current investors. This recognition underscores Betterworks' commitment to providing a holistic, end-to-end performance enablement platform that drives higher productivity and better bottom-line performance for organizations. This site is protected by reCAPTCHA and the Google NEW YORK MAY 18, 2021 Betterworks, the leader in strategy execution software for enterprise companies, announced today they have received an additional $61 million from current investors. The Company offers integrated software solutions that replaces outdated annual review processes with powerful continuous performance management programs to help organizations to ensure everyone is working on what matters most and are having the crucial conversations. CBI websites generally use certain cookies to enable better interactions with. Since its inception in 2013, Betterworks has been at the forefront of modernizing performance management for enterprises. Developer of human resource software designed to align and activate the workforce for business growth. Betterworks continues to lead the objectives and key results (OKRs) and performance management marketplace, continuously improving their technology suite through innovative product development as well as acquisitions including their acquisition of Hyphen, a pioneer in the field of employee engagement now called Betterworks Engage. The company, which has raised a total of $126m to date . The company charges customers $15 per user per month, providing volume discounts as the number of users increases. Whether managing a small team or an entire organization, Fellow is a lightweight app for professionals that gives tools and smart suggestions. HR will now be able to focus on understanding the enablers of top performance, productivity, and engagement in employees. However, you may visit "Cookie Settings" to provide a controlled consent. [4][5] During Duggans tenure, BetterWorks raised $15.5M from a group of investors in 2014[6] and another $20M in Series B funding in 2016. Perspectives and expertise by and for learning leaders. Display screen with graphical user interface, Monitoring individual and aggregate progress of multiple team members, Chief Customer and People Officer & Chief Operating Officer, To view BetterWorkss complete valuation and funding history, request access, To view BetterWorkss complete cap table history, request access, Youre viewing 2 of 73 competitors. Our services. Betterworks's revenue is $6.3 Million - Learn more about Betterworks's revenue by exploring their annual revenue, historical revenue, quarterly revenue, and revenue per employee. Betterworks is backed by Kleiner Perkins and Emergence Capital. Actionable insights provide clarity around steps to take to inspire and retain the talent base. Betterworks is backed by Kleiner Perkins, Emergence Capital, and John Doerr.
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