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§ Private Profile · 175 Greenwich St 57th Floor New York, NY 10007 United States
Digital-first homeownership platform providing online mortgage lending, real estate, insurance, and title services for homebuyers.
New York-based Better is a digital-first homeownership platform that provides online mortgage lending, real estate agent matching, title services, and homeowners insurance. The company utilizes an automated artificial intelligence system to streamline the residential loan origination process, having funded over $100 billion in total mortgage volume to date. Operating primarily in the United States and the United Kingdom, the platform generates revenue by originating and selling mortgages on the secondary market. Prior to going public on the Nasdaq exchange via a SPAC merger in August 2023, the enterprise secured over $900 million in private funding and reached a peak valuation of $4 billion. Better is backed by a syndicate of prominent institutional investors and corporate financial partners, including SoftBank, Goldman Sachs, American Express, and Ally Financial. The financial technology company was officially founded in 2014 by Vishal Garg.
Better has raised $3.3B across 13 funding rounds.
Key people at Better.
Better was founded in 2016 by Vishal Garg (Founder & CEO) and Viral Shah (Co-Founder).
Better has raised $3.3B in total across 13 funding rounds.
Better Technology Group Limited (Better Tech Group) is a Chinese technology company specializing in turnkey solutions for battery manufacturing, providing comprehensive equipment, lithium batteries, lead-acid batteries, and related services to customers worldwide.[1][2] It serves global markets, particularly in BRICS countries and Belt and Road Initiative nations, operating across nearly 120 countries with one overseas manufacturing facility and two domestic factories, while upholding the mission "Let ‘Made-in-China’ beautify the world."[1][2] The company solves challenges in battery production through customer-centric, high-quality solutions, backed by ISO9001 certification, nearly 100 patents, and membership in the China Industrial Association of Power Sources (CIAPS).[1][2] Its growth is evidenced by steady annual output increases driven by R&D investments and collaborations with top enterprises and universities.[1][2]
Better Tech Group has operated for over a decade, deeply penetrating BRICS and Belt and Road markets as a global battery manufacturing solutions provider.[1][2] Specific founding year and founders are not detailed in available sources, but the company evolved from focused regional expansion to worldwide coverage in 120 countries, emphasizing technological innovation, quality control, and industry-academia partnerships.[1][2] Key milestones include securing ISO9001 approval, nearly 100 CNIPA-authorized patents, authorization for battery manufacturing “4P Service Standards,” and rigorous project management across five phases: Initiating, Planning, Executing, Controlling, and Closing.[1][2]
(Note: Other "Better Technology" entities, like the U.S.-based Better Technology Systems focused on IT/security[3][4][6][8] or a fire pump manufacturer[7], appear unrelated based on distinct operations and domains.)
Better Tech Group rides the global surge in battery demand driven by electric vehicles, renewable energy storage, and consumer electronics, aligning with China's manufacturing dominance and Belt and Road export strategies.[1][2] Its timing capitalizes on BRICS/Belt and Road infrastructure growth, where battery tech is critical for energy transitions, enabling "Made-in-China" products to influence emerging markets.[1][2] Market forces like rising EV adoption and sustainability mandates favor its scalable, patented solutions, while partnerships amplify ecosystem impact through standardized services and innovation transfer.[1][2]
Better Tech Group is positioned for expansion amid accelerating global battery needs, potentially scaling via more overseas facilities and deeper EV/supercapacitor integrations. Trends like solid-state batteries and green manufacturing will shape its path, enhancing its role in exporting Chinese tech prowess. Its influence may evolve by leading standards and R&D consortia, reinforcing the mission to globalize high-quality battery production.[1][2]
Key people at Better.
Better has raised $3.3B across 13 funding rounds. Most recently, it raised $550K Seed in December 2024.
Better was founded in 2016 by Vishal Garg (Founder & CEO) and Viral Shah (Co-Founder).
Better has raised $3.3B in total across 13 funding rounds.
Better's investors include HP Spring Studios, Plus Venture Capital, SoftBank, Aurora Acquisition, Masayoshi Son, Michael Farello, Acrew Capital, Act One Ventures, Alumni Ventures, American Express Ventures, Bain Capital Ventures, Company Capital.