Manila, Philippines – Betterteem, an AI-powered HR tech startup based in the Philippines, has recently secured an investment from venture capital firm 1337 Ventures. This strategic move is aimed at fostering innovative startups that create significant industry impact.
The tech startup offers an advanced platform for unstructured data from over 200 enterprise systems, covering compensation, performance reviews, and productivity metrics. Said approach is designed to provide actionable insights with 88% accuracy and 74% precision.
By identifying resignation risks early, it also helps business leaders retain top talent and enhance workplace dynamics.
Moreover, it provides integrated employee assistance programmes for mental health support and flexible benefits functionality, allowing companies to customise offerings and increase employee satisfaction.
Additionally, the company has already secured clients in Thailand, Singapore, South Korea, and the Philippines. Founded by Bo Discarga, it has also recently earned recognition as the regional winner for the Philippines in the Startup World Cup. This gives them the opportunity to compete for $1m in Silicon Valley this October.
Bikesh Lakhmichand, CEO and founding partner at 1337 Ventures, said, “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. We’re thrilled to partner with Bo and his team on this journey.”
Bo Discarga, founder and CEO at Betterteem, also shared, “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.”
Lakhmichand also commented, “At 1337 Ventures, we are dedicated to bridging the gap for early-stage startups and ensuring a steady flow of seed-level investments. By backing promising startups like Betterteem, we aim to build a strong pipeline of successful companies that can attract further funding and scale to new heights.”
Betterteem’s addition to the portfolio is part of 1337 Ventures’ dedication to supporting emerging startups through its Alpha Startups™ and Pitch Tuesday programmes.
