BetterWorks, enterprise software for easy management of strategic plans, objectives and performance conversations, today announced the closing of the $20 million Series B investment round, led by Emergency Capital. Kleiner Perkins Caufield & Byers, 8VC and all existing shareholders will also participate. BetterWorks will use funding to further expand its business to meet the urgent need for a single, comprehensive business operating system for enterprise organizations.
‘At Emergence Capital, we have invested in Salesforce, Yammer, Box, Veeva and SuccessFactors, and while evaluating the human capital management landscape, we have become convinced that BetterWorks is set to become one of the next iconic venture companies,’ said Jason Green, Founder and General Partner of Emergence Capital. ‘We believe that the combination of its product vision, a framework of passionate business customers and a talented team will enable BetterWorks to break away from the competition in the field of employee engagement and emerging performance development. ”
The company’s growing list of more than 200 business customers includes AOL, CVS Health, BMW, Schneider Electric, Airbnb and Shutterstock. AOL has deployed BetterWorks to its 6,000 employees around the world to drive more frequent company-wide targets. ‘BetterWorks has driven AOL’s company-wide transition to agile performance development through frequent target setting and manager check-ins,’ said Terri Zandhuis, Chief People’s Officer of AOL.
‘As we move from a stagnant annual cadence to an agile goal setting process, we’re ultimately creating a more open and transparent work culture for our team,’ said Bill Pence, AOL CTO. ‘We believe that BetterWorks is a critical component of a new, modern enterprise software stack, as businesses replace spreadsheets and PowerPoints with a better way to manage and achieve business objectives. ”
Earlier this March, BetterWorks announced two new product modules, becoming the first to combine planning, strategic execution and human development across a single comprehensive platform. BetterWorks will use the funding to further develop its business suite and continue to expand the market as companies seek agile solutions to boost their workforce.
‘In a tightened economy, maximizing your team’s collective capabilities is a critical mission,’ said Kris Duggan, CEO of BetterWorks. ‘Business leaders in today’s climate are asked to do more with less, and our solution is ready to help companies align, coordinate resources and help their people to perform at the highest level, while enabling employees to find purpose and meaning at work. ”
To date, users of BetterWorks have achieved almost 200,000 goals. Visit www for more information on BetterWorks BestWorks Come on,
On BetterWorks
BetterWorks provides enterprise software for easy management of strategic plans, collaborative objectives and ongoing performance conversations. Its Business Operating System is based on Goal Science insights and operational research to help high-performance companies operate more effectively. The company is headquartered in Redwood City, CA, with offices in New York City, and is supported by Kleiner Perkins Caufield & Byers, Emergence Capital and 8VC. BetterWorks has an experienced team of innovative companies such as Amazon, Box, Google, LinkedIn, Palantir, Salesforce and Yammer. Visit www to learn more about BetterWorks. BestWorks Come on,
About the Emergency Capital
Emergence Capital (@emergencecap), based in San Mateo, California. , is the leading venture capital firm focused on early and fast-growing enterprise cloud companies. Its mission is to invest in cloud visionaries that are building the most important business applications. Investments of the firm include market leaders such as Salesforce Com (CRM), SuccessFactors (SFSF), Veeva Systems (VEEV), Yammer (acquired by Microsoft) and Box (BOX) More information on Emergency Capital can be found at http://www Emcap: Emcap Come on,
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