Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #48

BetterUp

Recipient: BETTERUP, INC · UEI DCU2NFMLNL14

About $15 raised for every $1 obligated. 100% of it came through prime contracts.

Capital raised
$632.0M
Federal obligations, FY2020–FY2026
$40.8M
Raised per $1 obligated
15.5×
Latest valuation
$4.7B
Series E, 2021 (stale)

Obligations by fiscal year

$M
0.2 FY20 4.3 FY21 7.2 FY22 9.4 FY23 8.4 FY24 5.2 FY25 6.0 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$40.8M
Other Transactions
$0
Subawards
$0

Cite this: Defense Tech Signals, "Capital vs. Contracts: BetterUp," data as of 2026-11-08, https://data.defensetechsignals.com/c/betterup/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.