Awardco raises $165 million in a Series B funding round, surpassing a $1 billion valuation, backed by Sixth Street Growth and Spectrum Equity.
Awardco raises $165 million in a Series B funding round, surpassing a $1 billion valuation, backed by Sixth Street Growth and Spectrum Equity.
05/20/25, 11:35 AM
Location
lindonMoney raised
$165 million
Industry
human resources
Round Type
series b
Investors
Ryan Smith, General Catalyst, Spectrum Equity, Sixth Street Growth
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.
Company Info
Location
lindon, utah, united states
Additional Info
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.