BetterWorks raises $20 million for its progress-tracking tool

Emergence Capital led a $20 million investment for BetterWorks, the startup announced today.

BetterWorks’ software helps enterprises to manage and track their employees’ progress. Its customers include AOL, Airbnb, and Shutterstock.

The Redwood City, California-based startup said that the funds from this investment will be used to “further develop its operational suite and continue to expand up-market.”

Kleiner Perkins Caufield & Byers and 8VC also participated, alongside all of BetterWorks’ prior investors. BetterWorks has raised at least $35 million, including a $15 million round in 2014.

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