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BetterUp, a career and life coaching platform for employees, raises $103 million

San Francisco-based career coaching startup BetterUp has raised $103 million in a series C round of funding led by Lightspeed Venture Partners, with participation from Threshold Ventures, Crosslink Capital, Tenaya Capital, Freestyle Capital, and Silicon Valley Bank.

Launched in 2016, BetterUp is a mobile-first platform that connects workers with certified coaches who work with individuals on a one-to-one basis either via phone, text, or video chat. The BetterUp platform, which operates on subscription-based SaaS model, also provides employers with analytics to track progress across areas such as leadership efficacy, productivity, and happiness.

The company expanded beyond its core one-to-one coaching platform last year with a bunch of new products, including a service it calls Extended Network —  this includes all manner of specialists, covering effective communications, how to improve sleep, nutrition, and more.