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Better history
Better company history timeline
In 2014 Vishal Garg incorporated Better as "Better Holdco, Inc." In an interview, Garg said that he and his wife had a negative experience obtaining a mortgage to buy their own first home, which led directly to the company's formation.
In 2016 the company launched Better Mortgage and secured $30 million in Series A funding.
Better raised Series B funding in the amount of $15 million in 2017 with Kleiner Perkins, Goldman Sachs, and Pine Brook Partners.
The company launched two additional subsidiaries in 2018; Better Real Estate and Better Settlement Services.
The company raised Series D funding of $200 million, led by L Catterton, in 2020.
In April 2021, the company raised an additional $500 million from Japanese investment conglomerate SoftBank, resulting in a $6 billion valuation.
In May 2021, Better announced that it planned to go public via a SPAC merger with Aurora Acquisition Corp.
On December 6, 2021, a video of Garg laying off 900 employees by videoconference and locking out their devices became widely disseminated.
After much criticism, Garg decided to take time off from the company, but returned in January 2022.
On March 8, 2022, the company announced that 3,000 people, or approximately one-third of their employees, were laid off in an effort to streamline their business operations.
In March 2022, news reports surfaced that some Better.com employees started receiving severance pay before Better.com told them they were to be laid off.
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Better competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Allston Trading | 2003 | $6.7M | 137 | - |
| Dynasty | 2016 | $1.9M | 22 | 3 |
| Hawaii.com | - | $1.3M | 30 | 11 |
| CBC Companies Inc | 1948 | $590.0M | 1,400 | - |
| Cal | - | $670,000 | 50 | 59 |
| BBD | 1997 | $49.9M | 1,000 | - |
| The CCR | 1966 | $920,000 | 50 | 24 |
| Gv | 2009 | - | - | 1 |
| CIC | 1859 | $390,000 | 2 | 3 |
| Fdi | - | $370,000 | 7 | 5 |
Better history FAQs
Zippia gives an in-depth look into the details of Better, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Better. The employee data is based on information from people who have self-reported their past or current employments at Better. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Better. The data presented on this page does not represent the view of Better and its employees or that of Zippia.
Better may also be known as or be related to Better, Better Holdco Inc, Better Mortgage, Better Mortgage Corporation and Better Mortgage, Inc.