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New Deal


Announced

Completed

Glade Brook Capital Partners led a $125m Series C round in Betterfly.

Financials

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Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Chile

Single Bidder

Private

Minority

Acquisition

Venture Capital

Friendly

fintech

Completed

Private Equity

fitness

health care

Online and Social Platforms

Cross Border

Synopsis

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Glade Brook Capital Partners, a global growth equity firm investing in emerging leaders in the internet and software sectors, led a $125m Series C round in Betterfly, a purpose-driven collective wellbeing platform that converts healthy activities into charitable donations, with participation from Greycroft Partners, Lightrock LLP, QED Investors, and DST Global Investment Partners. “We’re building a product that doesn’t exist anywhere,” he said. “That’s why we have so much momentum and speed, not just in LatAm but globally. The new markets would add to existing operations in Chile and Brazil, where Betterfly has increased revenue 20-fold in 2021. It also grew the number of companies that offer Betterfly services by 60 fold last year to over 2,500," Eduardo Della Maggiora, Betterfly Founder and Chief Executive Officer.

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