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Mental health startup BetterUp raises funds at near US$5 billion valuation

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BetterUp said on Friday it had raised US$300 million in a late- stage funding round led by Wellington Management, ICONIQ Growth and Lightspeed Venture Partners, bringing the mental health startup's valuation to nearly US$5 billion. The San Francisco-based company, which hired https://www.reuters.com/artic

BetterUp said on Friday it had raised US$300 million in a late- stage funding round led by Wellington Management, ICONIQ Growth and Lightspeed Venture Partners, bringing the mental health startup's valuation to nearly US$5 billion.

Existing investors including Abu Dhabi sovereign wealth fund Mubadala Investment Company, Salesforce.com Inc's investment arm Salesforce Ventures, Sapphire Ventures and others also participated in the Series E round. The current round follows BetterUp's US$125 million Series D round in February, which valued the company at US$1.7 billion.

 

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