HR Software Betterworks Adds $27 Million in Extended Series B
Betterworks®, a leading enterprise HR software startup, secured an additional $27 million, extending the company’s Series B investment to $51 million and its total funding to more than $65 million. These B rounds were led by existing investors Emergence Capital with Kleiner Perkins and participation from seed investors as well.
According to the company, enterprise sales of its Continuous Performance Management® software and professional services continue to be strong, as organizations recognize the need to quickly move beyond the outdated annual performance review and adopt the data backed, continuous approach to performance management pioneered by Betterworks.
The company plans to use the funds to maintain its pace of product innovation and to capitalize on accelerated sales momentum within enterprise organizations.