Betterteem CTO Rey Leonard Dumasig and CEO and founder Bo Discarga (R)
Malaysia-based venture capital firm 1337 Ventures has announced a strategic investment in Betterteem Technologies, an AI-powered HRtech startup headquartered in the Philippines.
“At Betterteem, our mission is to equip business leaders with data-driven insights to navigate the complexities of talent management and retention. Partnering with 1337 Ventures marks a pivotal moment for us, providing the resources and expertise needed to enhance our technology and expand our impact,” said founder and CEO Bo Discarga.
Founded in 2021 by Discarga and Rey Leonard Dumasig (CTO), Betterteem is a predictive workplace app focused on the overall employee journey. It uses machine learning to predict churn, provides on-demand mental health support, and is a digital community platform to influence their experience positively. Betterteem does this by sifting through volumes of data coming in and out of the app after its daily use by employees.
In simple words, Betterteem amalgamates the features of several HR apps like Slack, Microsoft Teams, HRIS, SharePoint, and Intranet. This allows the app to collect usage data and create predictive analytics of a team member’s experience. It alerts people leaders/HR executives about their experience and attrition possibility using its predictive analytics.
Also Read: Betterteem is Slack, Microsoft Teams, SharePoint, Intranet all rolled into one
The firm has clients across Thailand, Singapore, South Korea, and the Philippines.
Beyond its predictive analytics capabilities, Betterteem also offers integrated employee assistance programmes aimed at supporting mental health alongside flexible benefits functionality. This allows companies to personalise their offerings and enhance employee satisfaction levels.
Bikesh Lakhmichand, CEO and Founding Partner of 1337 Ventures, commented: “Betterteem addresses one of the most critical pain points in business with a unique blend of predictive analytics and mental health support. Their innovative approach has already gained traction across multiple countries, and we believe they are well-positioned to make a global impact.”
In 2022, Betterteem secured an undisclosed sum in funding from Techstars, Crestone Venture Capital, 1337 Ventures (Malaysia), and Suresh Thiru (ex-CEO of JobStreet). Previously, the firm raised undisclosed funding from local angel fund Buko Ventures and IdeaSpace.
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