Better Company Overview
The founder of Better, Vishal Garg, changed how mortgages were made in 2016. He partnered with Avex Funding, another company making prime conforming and jumbo mortgages for more than ten years. The company has funded more than $45 billion in home loans and given more than $25 billion in insurance coverage through its insurance divisions, Better Cover and Better Settlement Services. In addition, better has raised more than $400 million in equity funding since it began.
Better Valuation History
FAQ
Does Better have stock?
Yes, Better and almost all privately held companies issue stock so founders, employees, and investors can participate in equity ownership. However, because Better is privately held, it is more challenging to acquire shares than if the company was publicly traded.
Is Better publicly traded?
Yes, Better is publicly traded. Since this company is no longer private, we encourage investors to refer to its official SEC filings for up-to-date details. The information provided herein is for reference purposes and may be outdated, as we primarily track private companies.
Who owns Better stock?
As a privately held company, Better shares are held by its founders, management, employees, venture capital funds, or other private individuals and institutional investors.
Disclosure rules differ for private and public companies, so it may not always be possible to know the complete ownership (cap table) of a private company like Better.
Can I buy Better stock on UpMarket?
If you would like to buy shares in Better, please provide your information in the form at the top of this page and click the button titled “I want to buy this stock.”
One of our investor relations team members will contact you to discuss Better stock availability. Note: inquiries are non-binding, subject to market availability, and shares may only be purchased by accredited investors that meet all eligibility criteria.
UpMarket has offered many similar companies as Pre-IPO investments, including Airbnb, SpaceX, ByteDance, Plaid, Kraken, Databricks, and others. UpMarket also often has funds available that invest in a portfolio of companies potentially including, Better as well.
What is Better stock price?
The stock price of Better can be calculated by taking the valuation of the company divided by the number of shares outstanding. Because a private company can issue new shares at any time, we do not know the current number of shares outstanding.
For illustrative purposes, however, assuming Better has issued 250 million shares, at the estimated UpMarket valuation of $8.45 billion, each share of Better stock would be worth $33.81.
How do Better pre-IPO trades work?
Pre-IPO trades for Better will typically involve accredited investors purchasing shares from current shareholders through specialized investment platforms like UpMarket. Trades generally occur on the secondary market, meaning Better doesn't issue new shares or receive capital–shares are privately exchanged between two parties.
While investors aim to profit from a potential IPO or acquisition, these investments carry high risks due to limited liquidity and information. Understanding all terms and conditions is crucial, as each transaction can have unique characteristics. Investing in private companies can be extremely risky and may result in significant capital loss.
How do I exit my investment if I invest in Better with UpMarket?
Exiting your investment in Better typically involves one of these scenarios: 1) selling your shares on a secondary market to other interested investors; 2) holding shares until a liquidity event occurs, such as the company going public (IPO) or being acquired.
Investors must know that the timing and availability of these exit options are inherently unpredictable, and there is no guarantee of when or if they will occur.
How can I sell Better shares?
If you own Better shares, you may be able to find a buyer on a pre-IPO marketplace or via an introduction by a registered broker-dealer like UpMarket. It is important to note that the class of shares you own may impact your ability to sell. For example, shares issued to startup employees often have transaction limitations, including lock-up periods and a right of first refusal by the company, which may prevent you from selling your shares freely.
How does UpMarket estimate the valuation of Better?
UpMarket’s valuation estimate for Better is algorithmically generated based on recent primary round financings by Better, market conditions, company popularity, sector performance, and public market comps.
It is important to note that UpMarket’s valuation estimate for Better could be outdated, may not reflect all recent news or market events, and is not intended to inform any investment decision-making. UpMarket’s valuation estimate is not meant to be a warranty or projection of potential financial returns or company performance. Valuations can change rapidly and unexpectedly.
Why choose UpMarket?
UpMarket was founded in 2019 and has helped hundreds of investors access alternative investments. UpMarket is a licensed broker-dealer based in the United States. UpMarket customers have invested over $150 million in pre-IPO companies, hedge funds, private equity, real estate, and other alternatives.
If you are an accredited investor, you can create a free account to access our deal flow and opportunities. There is never any pressure to invest.
UpMarket clients have invested in companies like
Better,
SpaceX, Neuralink, Anthropic, and many others. UpMarket and its leadership have been mentioned in media outlets like Forbes, WealthManagement, Wealth and Finance News, and TechBullion.
Better Management
| Name | Position |
|---|---|
| Vishal Garg | CEO |
| Kevin Ryan | CFO |
| Paula Tuffin | CCO |
