BetterWorks, a US-based enterprise goals platform, has raised $15.5m in a second tranche of series A funding from investors including corporate-backed venture capital firm Formation 8.
Venture Capital firms Kleiner Parkins Caufield & Byers, AME Cloud Ventures and Pejman Mar Ventures also participated in the round, which added to the $8m raised by BetterWorks in 2011 from Redpoint Ventures.
BetterWorks is designed to allow businesses to engage, and cross-functionally align their workforces. Users can set their own goals to track individual or overall workforce progress throughout each quarter.
Following the round, John Doerr and Bing Gordon of Kleiner Perkins will now join BetterWorks’ board of directors.