When was Bettermode founded?

Bettermode was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Bettermode located?

Bettermode is headquartered in Toronto, Canada.

Who is the current CEO of Bettermode?

Mo Malayeri of Bettermode. They have also founded 1 company.

How many employees does Bettermode have?

As of Dec 31, 2022, the latest employee count at Bettermode is 1.

Is Bettermode a funded company?

Bettermode is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 2020.

When was the latest funding round of Bettermode?

Bettermode's latest funding was a $***** Seed round on Nov 2020, with participation from 5 investors.

Where does Bettermode rank among its competitors?

Bettermode ranks 1st amongst 9 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Marketbase, which secured $125K in Jan, 2021.

Who are the top competitors of Bettermode?

Bettermode's top competitors include EdgeMaker, Crowdstack and Marketbase. Among them, Marketbase secured the most recent funding round in January, 2021.

Bettermode - 2026 Company Profile, Team, Funding & Competitors

Bettermode is a seed company based in Toronto (Canada), founded in 2018 by Soheil Alavi and Mo Malayeri. It operates as a SaaS based community engagement platform. Bettermode has raised $7.5M in funding from Bessemer Venture Partners and CRV. The company has 9 active competitors, including 2 that are funded. Its top competitors include companies like EdgeMaker, Crowdstack and Marketbase.

Company Details

SaaS based community engagement platform. It is a customer community platform that helps businesses streamline the customer experience, build customer relationships, and improve retention. It helps businesses streamline the customer experience and build stronger customer communities. It offers features such as premade templates for building communities, customizable icons, an expansive megamenu, diverse sub-menu styles, and innovative header layouts.

Website: bettermode.com
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Key Metrics

Founded Year

2018

Location

Toronto, Canada

Stage

Seed

Total Funding

$7.5M in 1 round

Latest Funding Round

Seed, Nov 2020, $*****

Investors

Bessemer Venture Partners & 8 more

Ranked

1^st among 9 active competitors

Employee Count

1 as on Dec 31, 2022

Similar Companies

EdgeMaker & 10 more

View Bettermode's full profile

Bettermode is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BETTERMODE US INC CIN: 852963850 , United States, Active	Dec 31, 1999	-	1 (As on Dec 31, 2022)	-

Bettermode has raised a total funding of $7.5M over 1 round. Its latest funding round was a Seed round on Nov 2020 for $*****. 5 investors participated in its latest round. Bettermode has 8 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Bettermode:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 2020	9630446	Seed	5632977	1400081	3081866	8015139

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View details of Bettermode's funding rounds and investors

The founders of Bettermode are Soheil Alavi and Mo Malayeri. Mo Malayeri is the CEO of Bettermode.

Here are the details of Bettermode's key team members:

Soheil Alavi: CPO / Co-founder of Bettermode and founder of 1 other company.
Mo Malayeri: CEO and Co-founder of Bettermode.

View details of Bettermode's Founder profiles and Board Members

Bettermode's employee count trend

Bettermode has 1 employees as of Dec 22. Here is Bettermode's employee count trend over the years:

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Top competitors of Bettermode include EdgeMaker, Crowdstack and Marketbase. Here is the list of Top 10 competitors of Bettermode, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bettermode 2018, Toronto (Canada), Seed	SaaS based community engagement platform	$7.5M	Inovia Capital, Golden Ventures & 7 others	34/100
2nd	EdgeMaker 2023, Singapore (Singapore), Unfunded	AI based community engagement platform	-	-	30/100
3rd	Crowdstack 1998, Charleston (United States), Unfunded	SaaS based platform offering community engagement solutions	-	-	25/100
4th	Marketbase 2020, Portland (United States), Seed	Provider of marketplace platform that has been shut down permanently	$125K	Y Combinator, Astir Ventures & 1 others	24/100
5th	Metype 2017, Bengaluru (India), Unfunded	Metype - User Engagement Tool & Comment System for Websites	-	-	24/100
6th	Commenze 2019, Canada, Unfunded	Customized comment section provider for website	-	-	24/100
7th	Customer Contact & CXForum 1981, Vilvoorde (Belgium), Unfunded	Community-driven platform providing customer engagement solutions	-	-	18/100
8th	Cusdis 2021, Unfunded	Open source based comment system for enterprises	-	-	16/100
9th	MySayToday 2022, Toronto (Canada), Unfunded	It offers online engagement tools for client interaction and research	-	-	16/100
10th	Five Across 2003, Los Altos (United States), Acqui-Hired	Community management platform for websites	-	Granite Ventures	16/100