BetterUp Triples Revenue Growth as Fortune 1000 Firms Seek New Ways to Drive Employee Performance and Flourishing

BetterUp’s personalized leadership development platform disrupts
learning and development industry; provides measurable behavior change

SAN FRANCISCO–(BUSINESS WIRE)–BetterUp, the company that pioneered mobile coaching to help all workers
live their lives with more clarity, purpose and passion, announced
record year-over-year demand for its offerings, tripling growth in 2018
for the second consecutive year, and now 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.

This record demand for BetterUp coaching is fueled by companies’ growing
commitment to investing in all professionals, not just executives, in
order to create a more skilled, stable and resilient workforce. Research
shows that high stress and burnout levels reduce employee engagement and
productivity. BetterUp members see an average 24 percent reduction in
stress, a 19 percent reduction in burnout and a 15 percent improvement
in focus. With one partner organization, those with BetterUp coaching
saw up to 63% increase in their intention to stay with the organization,
and an overall 11% increase in their organizational NPS. BetterUp
members who engage in at least three months of coaching see an average
of 26% greater effectiveness on the job.

“Our partners are investing in their people to enable them, and
collectively their organizations, to reach new heights,” says Alexi
Robichaux, BetterUp CEO. “Our bottom-up approach enables our customers
to give their professionals access to development programs once reserved
for executives. We are exceptionally pleased to be on the leading edge
of what will undoubtedly be a new era of human flourishing.”

Equinix, a global interconnection and data center company, started
offering BetterUp to employees in late 2017. Since deploying the
platform, Equinix employees using BetterUp have seen a 24% reduction in
stress levels, a 25% improvement in focus, a 15% reduction of burnout,
and a 14% improvement in resilience.

“BetterUp’s mobile platform enables us to provide customized and
personalized development to our employees with the efficiency and scale
not possible before,” said Michelle Johns, Senior Manager of Talent
Management at Equinix. “We’ve retained and accelerated the trajectories
of key talent through BetterUp coaching and have also been able to show
that Equinix truly cares about our people.”

Along with its core one-to-one coaching, BetterUp last year expanded its
platform to offer on-demand coaching and an extended network of experts
to address such issues as public speaking, sleep and nutrition. BetterUp
is also funding $20 million in behavioral research through BetterUp
Labs
as part of its commitment to the whole person, encompassing a
holistic and aspirational vision for human flourishing in every domain
of life.

About BetterUp

Founded in 2013, BetterUp is a mobile-based leadership development
platform used by Fortune 500 companies. With a holistic,
science-backed methodology, BetterUp develops new behaviors and mindsets
that enable high performance amid constant and accelerating change.
Through on-demand, virtual coaching sessions, users practice and
reinforce new behaviors and skills. Individual growth is measured and
tracked. With a diverse range of customers, including Genentech,
Logitech and Workday, BetterUp inspires employees to build the skills to
thrive personally and professionally. To learn more, visit www.betterup.co

Contacts

for BetterUp
Chad Torbin, 415-548-6536
Chad@speakeasystrategies.com