Philippines-based AI-powered HR tech startup Betterteem receives investment from 1337 Ventures

Betterteem Technologies, Inc., a Philippine-based business intelligence platform that uses artificial intelligence (AI) to predict and reduce employee resignations while improving workplace satisfaction, has received funding from Malaysia-based venture capital firm 1337 Ventures.

In a statement released on Wednesday, 1337 Ventures said that this strategic investment demonstrates the company’s dedication to assisting creative startups that have a significant impact on their respective sectors.

With the help of Betterteem, an AI-powered business intelligence platform, companies can proactively address problems and eventually prevent interruptions in their operations by tracking employee performance trends, identifying possible resignation indicators, and forecasting resignation intentions.

Since its founding by Bo Discarga, the firm has acquired clients in the Philippines, South Korea, Thailand, and Singapore.

“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 Bo Discarga, Founder and Chief Executive Officer of Betterteem.

With 88 percent accuracy and 74 percent precision, Betterteem’s cutting-edge platform analyzes unstructured data from more than 200 enterprise systems, including productivity metrics, performance reviews, and compensation, to provide actionable insights.

Business executives can retain top talent and enhance workplace dynamics by using the platform to address resignation risks early.

Along with predictive analytics, the company provides flexible benefits functionality and integrated employee assistance programs for mental health support, which help businesses customize their offerings and increase employee satisfaction.

“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,” said Bikesh Lakhmichand, Chief Executive Officer and Founding Partner of 1337 Ventures.

In keeping with the fund’s emphasis on supporting startups from 1337 Ventures’ Alpha StartupsTM and Pitch Tuesday programs, Betterteem’s inclusion in the portfolio demonstrates the company’s dedication to promoting innovation across industries.

“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,” Lakhmichand added.

“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,” Lakhmichand added.