Betterfly - About the company
Betterfly is a series C company based in Santiago (Chile), founded in 2018 by Eduardo Della Maggiora and Cristobal Della Maggiora. It operates as a Platform offering employee health and well being solutions. Betterfly has raised $202M in funding from investors like QED Investors, DST Global and Glade Brook Capital, with a current valuation of $1B. The company has 837 active competitors, including 206 funded and 117 that have exited. Its top competitors include companies like Accolade, Hinge Health and Practo.
Sectors and market segments that Betterfly operate in
Betterfly serves in the HealthTech market segments.The primary business model of Betterfly is:Company Details
Platform offering employee health and well being solutions. It provides a solutions to reward excellent behavior with life insurance and real time employee reporting to HR for employee perks, business wellness, and social responsibility initiatives. It also offers features such as telemedicine, charitable contributions, life and disability insurance, platforms for investments and savings, legal advice, fitness and meditation applications, financial and wellness education, and more.
- Website
- betterfly.com/en/
- Social
- Email ID
- *****@gobetterfly.cl
Key Metrics
Founded Year
2018
Location
Santiago, Chile
Stage
Series C
Total Funding
$202M in 5 rounds
Latest Funding Round
Post Money Valuation
$1B as on Feb 02, 2022
Investors
Ranked
82nd among 837 active competitors
Employee Count
33 as on Feb 28, 2026
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Betterfly's funding and investors
Betterfly has raised a total funding of $202M over 5 rounds. Its first funding round was on 2018. Its latest funding round was a Series C round on Feb 01, 2022 for $125M. 6 investors participated in its latest round. Betterfly has 21 institutional investors.
Here is the list of recent funding rounds of Betterfly:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 01, 2022 | $125M | Series C | $1B | - | ||
Jun 16, 2021 | $60M | Series B | $1B | - | ||
Dec 30, 2020 | $9M | Series A | - | - | - |
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Betterfly's founders and board of directors
Founder? Claim ProfileThe founders of Betterfly are Eduardo Della Maggiora and Cristobal Della Maggiora. Eduardo Della Maggiora is the CEO of Betterfly.
Here are the details of Betterfly's key team members:
- Eduardo Della Maggiora: Co-Founder & CEO of Betterfly and founder of 2 other companies, Betterfly and Burn to Give. They are also an angel investor in 2 startups.Contact Info: 2 email addresses
- Cristobal Della Maggiora: Co-Founder of Betterfly. They are also an angel investor in 1 startup.
View details of Betterfly's Founder profiles and Board Members
Betterfly's employee count trend
Betterfly has 33 employees as of Feb 26. Here is Betterfly's employee count trend over the years:
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Betterfly's Competitors and alternates
Top competitors of Betterfly include Accolade, Hinge Health and Practo. Here is the list of Top 10 competitors of Betterfly, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Accolade 2007, Plymouth Meeting (United States), Acquired | Cloud-based platform for employee health benefits | $228M | 84/100 | |
2nd |  Hinge Health 2015, San Francisco (United States), Public | Provider of virtual physical therapy and digital pain care solutions | $854M | 82/100 | |
3rd | Online platform for booking doctor appointments and consulting healthcare professionals | $228M | 78/100 | ||
4th | Provider of employee health benefits platform offering health and wellness programs | $27M | 77/100 | ||
5th |  Castlight 2008, San Francisco (United States), Acquired | Cloud-based healthcare information on providers and pricing for enterprises | $181M | 77/100 | |
6th |  Sword Health 2015, New York (United States), Series E | Provider of AI-powered digital physical therapy and pelvic health solutions | $450M | 75/100 | |
7th |  HealthEquity 2002, Draper (United States), Public | Employee benefits management platform for individuals and businesses | $15.3M | 75/100 | |
8th |  Wellhub 2012, New York City (United States), Series F | Cloud based corporate wellness program for employee health, productivity, and retention | $85M | 74/100 | |
9th | Cigna 1792, Philadelphia (United States), Public | Provider of health insurance, dental plans and medicare coverage | - | 74/100 | |
10th | Bswift 1996, Chicago (United States), Acquired | Provider of benefits administration solutions for enterprises | $51M | 74/100 | |
82nd | Platform offering employee health and well being solutions | $202M | 52/100 |
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Betterfly's Investments and acquisitions
Betterfly has not made any investments yet. Betterfly has made 5 acquisitions.Here is the list of latest three $acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 10, 2022 | Acquisition | 2019 | Sao Caetano do Sul (Brazil) | |
Jul 11, 2022 | Acquisition | 2015 | Alicante (Spain) | |
Sep 22, 2021 | Acquisition | 2015 | Sao Paulo (Brazil) |
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News related to Betterfly
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Betterfly buys Brazilian startup SeuVale to expand corporate benefits offerFusoes & Aquisicoes•Nov 10, 2022•Betterfly, SeuVale
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Cuatrecasas advises Betterfly on the acquisition of FlexohIberian Lawyer•Oct 05, 2022•Flexoh, Betterfly, Cuatrecasas
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Former football star and founder of Decolar invest in crypto startup and boost venture capital in ALFusoes & Aquisicoes•Sep 19, 2022•Despegar, Alaya Capital Partners, Betterfly, Grupo Supervielle and 1 other
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Unicorn of healthy habits, Chilean startup Betterfly announces acquisition and arrives in EuropeFusoes & Aquisicoes•Jul 12, 2022•Betterfly, Flexoh
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Combining life insurance and wellness, Chile's Betterfly raises a $60 million Series BLABS•Feb 01, 2022•Betterfly, Betterfly, Glade Brook Capital, Greycroft and 5 others
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