BetterUp Among HCM Top 500

1200 Folsom St

San Francisco, CA, 94103, United States

1 714-468-2335

https://www.betterup.com/

152

BetterUp Strengths, Domain Expertise, and Key Differentiators

BetterUp helps employees flourish via one-to-one coaching, available on demand 24/7, to improve leadership skills like resilience, growth mindset, creativity, and collaboration, and drive new ways of leading and a new level of performance.

By concentrating on the whole person and enabling each worker to be a little bit better, BetterUp transforms entire organizations from the inside out. The company's solution is rapidly being deployed by leading global, multinational organizations. BetterUp tripled growth in 2018 for the second consecutive year and now has more than 100 enterprise customers.

BetterUp Recent Developments

In April 2020 BetterUp launched BetterUp Live, a weekly, live web series featuring best-selling authors, Olympians, psychologists, and entertainers to foster connection, learning, and resilience amid the COVID-19 crisis.

In March 2020 BetterUp introduced two new product innovations - Identify AI and Coaching Clouds - to help organizations deliver more effective, hyper-personalized coaching at scale to any employee at any level in the organization.

BetterUp’s new Identify AI is a proprietary AI that delivers hyper-personalized development recipes based on organizational priorities and individual preferences. Identify AI starts by understanding the strategic priorities of a company. It then accurately and efficiently diagnose the growth and development needs of an organization’s entire employee population by understanding where each person is in their career, their mindsets and behaviors, learning preferences, and their readiness for coaching. Powered by these insights, Identify AI helps organizations determine who the right people are to invest in, and the appropriate dosage and type of coaching needed to best meet their needs. By leveraging integrations with HCM data, Identify AI also precisely locates and flags “peak” coaching opportunities in real-time and delivers customized content and goal setting tools at the right moment, such as when an employee is taking on a big change initiative, when someone is transitioning roles and has increased scope of responsibility, or when a person is moving locations to a new country.

In early 2019, BetterUp launched three new products; Extended Network, extending the coaching bench to a robust, rounded entourage of specialists ready to address issues such as sleep, nutrition, effective communication, peak performance, sales success; On-demand Coaching, coaching available within one hour, 24/7, and BetterUp 360, high-impact awareness-building tool leveraging self-assessment and peer evaluation.

BetterUp Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying BetterUp applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of BetterUp and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified BetterUp customers.

BetterUp Key Cloud and HCM Applications

BetterUp

BetterUp HCM and Cloud HCM Applications Revenues, $M:

Type/Year20182019YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
HCM Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud HCM Applications Revenues, $M Subscribe Subscribe Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

BetterUp Revenue Breakdown by Type:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

BetterUp Total and HCM Applications Revenues by Region:

Region% of Total Revenues2019 Total Revenues, $M2019 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

BetterUp Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

BetterUp Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified BetterUp Customers


No. of BetterUp Customers: 100

No. of BetterUp HCM Applications Customers: 100

No. of BetterUp Cloud HCM Customers: 100

No. of BetterUp Cloud HCM Subscribers: x


BetterUp has more than 100 customers, including 28 of the Fortune 1000. Notable customer wins in 2018 include Airbnb, AppDynamics, Freedom Mortgage, Instacart, and Mars.

BetterUp has worked with tens of thousands of professionals in 58 countries supporting 22 languages for companies including Equinix, Genentech, Symantec, TriNet, Twilio and Workday.

BetterUp Market Opportunities, M&A and Geo Expansions

In June 2019, BetterUp received $103 million in growth financing in Series C. The round was led by Lightspeed Venture Partners with participation from Threshold Ventures (formerly DFJ Venture), Freestyle Capital, Crosslink Capital, Tenaya Capital, and Silicon Valley Bank. This funding is supposed to fuel BetterUp's international expansion, the hiring of new employees and coaches, and the development of new products and services. Just a year earlier, BetterUp managed to collect $26 million in Series B funding.

BetterUp Risks and Challenges

BetterUp may be one of the first digital coaching platforms, but in recent years the market is becoming more and more competitive.

BetterUp Ecosystem, Partners, Resellers and SI

BetterUp is a technology partner with Workday but mainly it does direct sales.

BetterUp Cloud Platform (PaaS) and Infrastructure (IaaS) Details

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  • BetterUp Public Cloud and Infrastructure (IaaS)
  • BetterUp Platform (PaaS)
  • BetterUp Application Delivery
  • BetterUp Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


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