What does Awardco do?
Awardco builds culture and powers modern engagement by offering a comprehensive rewards, recognition, and incentive platform that supports behavior-driven programs and employee performance initiatives.
How much did they raise?
The company raised $165M in Series B funding at a valuation exceeding $1B, with lead investors Sixth Street Growth and Spectrum Equity joining existing investors General Catalyst and Ryan Smith from HXCO.
What are their plans for the money?
Awardco plans to use the funds to broaden its platform with additional employee engagement solutions, leverage AI for deeper employee insights and automation, enhance HRIS and partner integrations, and scale its global infrastructure, including accelerating its expansion in the EMEA market.
What have they achieved so far?
Awardco has already established a strong footprint with over 3,000 organizations using its platform, including major companies like AT&T, Pacific Life, Adobe, and Hertz, and has recently opened a new office in London to bolster its presence in Europe.
