Awardco, a Lindon, UT-based worker rewards, recognition and engagement platform supplier, raised $165m in Sequence B funding at a valuation of over $1 billion.
Sixth Avenue Progress and Spectrum Fairness joined current buyers Basic Catalyst and Ryan Smith, Accomplice at HXCO, within the spherical.
The corporate intends to make use of the funds to broaden its rewards and recognition platform with extra options for worker engagement and efficiency, leverage AI to drive deeper worker insights and automations, improve HRIS and accomplice integrations, and scale its international infrastructure
Led by CEO Steve Sonnenberg, CTO Mike Sonnenberg, and President Tanner Runia, Awardco builds tradition, incentivizes conduct, and powers trendy engagement by worker recognition and rewards. Utilized by 3,000+ organizations, together with AT&T, Pacific Life, Adobe, and Hertz, Awardco affords a big reward community with the flexibleness to create recognition, incentive, milestone, and behavior-driven applications.
Awardco’s new London workplace has accelerated speedy progress throughout the EMEA market.
FinSMEs
22/05/2025
