Betterworks

BetterWorks offers a web-based ‘Perks’ platform that allows SMBs to engage, retain, and reward employees through benefits such as education stipends, gym memberships, yoga classes, catering, laundry services, and car washes. Employees can browse local vendors on their profile pages and place orders for discounted services directly through the site. Founded in 2010 and led by CEO and co-founder Paige Craig, the company currently operates in Los Angeles with near-term plans to launch in San Francisco and New York. BetterWorks plans to use newly raised capital to hire additional staff and further expand product capabilities. The firm also aims to broaden its geographic footprint beyond its initial markets. To date, BetterWorks has secured $10 million in venture funding, including the latest Series A round. No operating metrics such as revenue or user counts were disclosed in the article.