SAN FRANCISCO – (BUSINESS WIRE) – BetterUp, the inventor of virtual coaching and the first to democratize professional coaching throughout the company, announced today that it is taking root in Europe with two new offices in Munich and London.
Scalable services that support employee well-being and development and increase mental capacity for individuals have seen an increase in global demand over the past year. This demand has recently been demonstrated by expert-reviewed research, while its ability to improve the strength and psychological well-being of AI-enabled coaches while alleviating mental health threats. Although BetterUp’s offering is already available in 46 languages and in more than 90 countries, this official introduction to Europe will strengthen the company’s size as the world’s most comprehensive and personalized employee experience. BetterUp is appointing a number of scientists, engineers, account managers, marketers and operations professionals related to the region’s behavior to accelerate product innovation tailored to the European market. The company’s total European number is expected to reach 150 next year, including delegations in France, the Benelux and Sweden.
“This is the start of the next chapter in BetterUp’s next growth, and we’re not slowing it down,” said Alexi Robichaux, CEO and founder of BetterUp. “Although we have been doing business in Europe since 2016, we are committed to a new level of investment by establishing offices in Munich and London for our customers, buses and communities. We are able to better support business partners and their teams, unlock individual capacity and achieve maximum performance we will help them “.
This commitment to global expansion comes from exceeding $ 100 million in revenue each year. BetterUp has more than doubled its revenue this year, recorded a net income retention rate of more than 170 percent, grown its entire customer base by more than 80 percent and more than doubled its coaching sessions year-over-year. The ongoing push follows other major milestones and announcements this year, including a $ 125 million D-Series increase, a $ 1.73 billion valuation and major leadership groups such as Prince Harry, Duke of Sussex, the company’s chief impact officer.
In the last year alone, BetterUp’s international membership has risen 151 percent, further demonstrating the global demand to strengthen the mental health of employees. Today, international business represents 25 percent of BetterUpe’s members, and Allianz, Hilton, Snap Inc. are joining the platform. and through global partners in Mars companies. BetterUp currently works with more than 370 organizations, more than 40 of which are headquartered in Europe. Among the new partners in the region is bp, and this month staff will join in to help the mental health and well-being of the company’s teams.
BetterUp’s expanded footprint will accelerate the development and commercialization of customized content that businesses create for each particular market, based on their coaching experiences and more than eight years of work in the space. The BetterUp experience, which now consists of one-on-one coaching, counseling, mentoring, group sessions, and interactive content – is made up of a team of world-leading PhDs and scientists and science advisors including Adam Grant, Martin Seligman, Shawn Achor. , Josh Bersin, Robin Ely and Quinetta Roberson. The Spontaneous Platform provides access to specialists in leadership, diversity, inclusion and belonging, sleep, nutrition, parenting and many other areas – to optimize and accelerate personal growth and professional development for a person’s overall health, work and life.
Founded in 2013, BetterUp is an inventor and world leader in virtual professional coaching, consulting and mentoring. BetterUp combines global training with AI technology and behavioral science to scale customized behavioral changes, improving employee well-being, adaptability, and efficiency. With the world’s largest network of more than 2,500 coaches, BetterUp offers coaching in 46 languages in 90 languages, interactive content for professional development, analytics and real-time monitoring of staff progress. Used by more than 370 companies, including Fortune 1,000’s leading companies, BetterUp encourages transformative and sustainable behavior change, achieving better business results among organizations, and inspires professionals everywhere to pursue their lives with greater clarity, purpose and passion. Investors include ICONIQ Growth, Lightspeed Venture Partners, Threshold Ventures, Plus Capital, Salesforce Ventures, Sapphire Ventures, Mubadala Capital, Freestyle Capital, Crosslink Capital, Tenaya Capital, NBA All-Star Pau Gasol and Olympic gold medalist Shaun White. To learn more, visit www.betterup.com.