Awardco raises $165 million in a Series B funding round, surpassing a $1 billion valuation, backed by Sixth Street Growth and Spectrum Equity.

Awardco announced today a $165 million Series B round of funding with a valuation that eclipses $1 billion, further solidifying its leadership and innovation in the employee rewards and recognition space. This investment will broaden its platform with additional solutions for employee engagement and performance. Awardco has grown to over six million users across 163 countries and offers more than 300 million reward options. The company aims to leverage AI to enhance employee insights and integrate partner solutions.