BetterUp Acquires $26 Million

BetterUp, a leadership development platform to connect coaching to sustainable behavior change, raised an additional $26 million in Series B funding. Lightspeed Venture Partners led the round, with existing investors DFJ, Freestyle Capital, and Crosslink Capital participating.

The BetterUp app’s algorithm matches each member with a certified coach who meets with them via video or phone chat for weekly 30-minute sessions. Guided by goals chosen by the user, the coach serves up virtual, bite-sized resources and exercises selected to support the member’s particular needs. Coaches track their progress with in-depth dashboards, giving companies a measurable ROI that is supported by scientific and behavioral research.