When was BetterWorks founded?

BetterWorks was founded in 2010 and raised its 1st funding round 1 year after it was founded.

Where is BetterWorks located?

BetterWorks is headquartered in Palo Alto, United States. It is registered at Redwood City, California.

Who is the current CEO of BetterWorks?

Doug Dennerline of BetterWorks.

How many employees does BetterWorks have?

As of Apr 30, 2026, the latest employee count at BetterWorks is 222.

Is BetterWorks a funded company?

BetterWorks is a funded company, having raised a total of $132M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 02, 2011.

How much is BetterWorks worth?

The latest valuation of BetterWorks is $***** as of Mar 23, 2016.

When was the latest funding round of BetterWorks?

BetterWorks' latest funding was a $***** Series C round on Nov 06, 2023, with participation from 1 investor.

Where does BetterWorks rank among its competitors?

BetterWorks ranks 2nd amongst 766 active competitors, of which 92 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Centrical, which secured $39M in Jun, 2026.

Who are the top competitors of BetterWorks?

BetterWorks' top competitors include 15Five, Klaar and Confirm. Among them, Centrical secured the most recent funding round in June, 2026.

BetterWorks - 2026 Company Profile, Team, Funding & Competitors

BetterWorks is a series C company based in Palo Alto (United States), founded in 2010 by Di Wu and Paul Reeves. It operates as an Online goal setting, tracking and management. BetterWorks has raised $132M in funding from investors like Emergence Capital, Kleiner Perkins and Redpoint Ventures, with a current valuation of $*****. The company has 766 active competitors, including 92 funded and 41 that have exited. Its top competitors include companies like 15Five, Klaar and Confirm.

Company Details

Cloud-based platform to help employees set and reach business goals. Betterworks has effectively turned Google's famous employee review system into an application that any company can use to set employee goals, measure feedback and run the company effectively. It allows a company to take a "big goal" and break it into parts for every employee, and track how well everyone does.Has a client list of over 200 enterprise customers includes AOL, CVS Health, BMW, Schneider Electric, Airbnb and Shutterstock.

Website: www.betterworks.com/
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Registered Address: Redwood City, California

Key Metrics

Founded Year

2010

Location

Palo Alto, United States

Stage

Series C

Total Funding

$132M in 6 rounds

Latest Funding Round

Series C, Nov 06, 2023, $*****

Post Money Valuation

$***** as on Mar 23, 2016

Investors

Emergence Capital & 12 more

Ranked

2^nd among 766 active competitors

Employee Count

222 as on Apr 30, 2026

Investment & Acquisitions

Rypple & 2 more

Similar Companies

15Five & 610 more

View BetterWorks' full profile

BetterWorks is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BETTERWORKS SYSTEMS, INC. CIN: 463600525 , United States, Active	Dec 26, 999	-	141 (As on Dec 31, 2022)	-
HYPHENMARK INDIA PRIVATE LIMITED CIN: U74999KA2018FTC111896 , India, Active	Apr 04, 2018	$1M - $10M (As on Mar 31, 2025)	-
Qubole, Inc. CIN: 453366468 , United States, Active	Dec 26, 999	$1M - $10M (As on Mar 31, 2017)	28 (As on Dec 31, 2020)	-

BetterWorks has raised a total funding of $132M over 6 rounds. Its first funding round was on Aug 02, 2011. Its latest funding round was a Series C round on Nov 06, 2023 for $*****. 1 investor participated in its latest round. BetterWorks has 12 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of BetterWorks:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 06, 2023	3296133	Series C	3709289	7277589	1779410	8266259
May 19, 2021	5978519	Series C	4730840	7531348	6329317	John Doerr & 2 more
Mar 07, 2019	1388495	Series B	1453296	4102298	Emergence Capital & 1 more	9276645

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View details of BetterWorks's funding rounds and investors

The founders of BetterWorks are Di Wu and Paul Reeves. Doug Dennerline is the CEO of BetterWorks.

Here are the details of BetterWorks' key team members:

Di Wu: Former Co-Founder of BetterWorks.
Paul Reeves: Co-Founder, Head of Customer Success of BetterWorks.
Doug Dennerline: CEO of BetterWorks. They serve on the board of 1 company.
Contact Info: 1 email address

View details of BetterWorks's Founder profiles and Board Members

BetterWorks' employee count trend

BetterWorks has 222 employees as of Apr 26. Here is BetterWorks's employee count trend over the years:

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Top competitors of BetterWorks include 15Five, Klaar and Confirm. Here is the list of Top 10 competitors of BetterWorks, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	15Five 2011, San Francisco (United States), Series C	Provider of a platform for performance management, engagement, and compensation	$98.1M	Matrix, Origin Ventures & 25 others	69/100
2nd	BetterWorks 2010, Palo Alto (United States), Series C	Online goal setting, tracking and management	$132M	Redpoint Ventures, Formation 8 & 11 others	66/100
3rd	Klaar 2021, San Francisco (United States), Series A	Provider of AI-powered conversational platform for performance management and insights	$6.71M	Shastra, Prime Venture Partners & 35 others	65/100
4th	Confirm 2019, San Francisco (United States), Acquired	Cloud-based skill-mapping solution for enterprises	$11.4M	Spero Ventures, Gaingels & 8 others	63/100
5th	Jolt 2012, Lehi (United States), Series B	Provider of operations management software for restaurants and other businesses	$28.8M	Octopus Ventures, Sorenson Capital & 1 others	63/100
6th	Reflektive 2014, San Francisco (United States), Acquired	Employee performance and engagement software	$102M	Lightspeed Venture Partners, Andreessen Horowitz ... & 3 others	62/100
7th	Centrical 2013, New York City (United States), Series D	Gamified employee performance management software	$84M	JVP, Aleph & 11 others	62/100
8th	Arcade 2014, Dallas (United States), Seed	Cloud & gamification-based team productivity management software provider	$6.08M	Stage 2 Capital, ATX Venture Partners & 9 others	59/100
9th	Workhuman 1999, Dublin (Ireland), Late Stage	Provider of a platform for employee recognition and performance management	-	ICG, Lead Edge Capital & 2 others	58/100
10th	Cascade 2018, Sydney (Australia), Series A	Cloud based platform offering software for project management	$40M	Telescope Partners, Five V Capital & 2 others	58/100

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BetterWorks has made 1 investment in Atiim Software and acquired Rypple and Hyphen.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 02, 2026	Acquisition	Rypple	2024	Palo Alto (United States)
Feb 20, 2020	Acquisition	Hyphen	2015	San Francisco (United States)
Jan 09, 2017	Investments	Atiim Software	2014	Boston (United States)