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Awardco Raises $65 Million In Series A Funding To Accelerate The Rewards And Recognition Revolution

PRIVATEOct 28, 2021

Amount Raised

$65 Million

Round Type

Series A

LindonInformation TechnologyCommerce and ShoppingMedia And EntertainmentCommerce And ShoppingHuman Resources

Description

Awardco, the employee rewards and recognition company that builds culture through value-driven recognition, announced today that it raised $65 million in Series A funding to pioneer a new future for rewards, recognition, and compensation. This is the largest Series A funding in HR SaaS history and boosts Awardco's valuation to more than $900 million. The funding was led by General Catalyst and Ryan Smith, Qualtrics co-founder and Utah Jazz majority owner.

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Company Information

Company

Awardco

Location

Lindon, Utah, United States

About

Awardco builds culture, incentivizes behavior, and powers modern engagement through employee recognition and rewards. Trusted by 3,000+ organizations, including Fortune 500 leaders, Awardco offers the world's largest reward network—no hidden fees, no inflated markups. With the flexibility to create recognition, incentive, milestone, and behavior-driven programs, Awardco drives engagement, improves retention, and delivers significant cost efficiencies.

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Related People

1 contact
Verified contactsSteve S., Executive Officer, DirectorSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Awardco raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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