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Overview
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About Awardco
Industries
Enterprise Software
Company Size
501-1,000
Company Stage
Series B
Total Funding
$235M
Headquarters
Lindon, Utah
Founded
2015
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Simplify's Take
What believers are saying
- Awardco raised $165 million on May 20, 2025, funding global expansion and AI.
- Awardco released a native mobile app on December 2, 2025, improving daily usage.
- Revolut integration on June 24, 2026 strengthens local-currency rewards for multinational customers.
What critics are saying
- Workhuman’s April 28, 2026 frontline launch attacks Awardco’s deskless and customer-facing wedge.
- Mimecast documented a multi-month Awardco impersonation phishing campaign through August 2025, damaging trust.
- Bonusly and Workhuman commoditize recognition software, squeezing pricing before Awardco recovers $165 million.
What makes Awardco unique
- Awardco’s Amazon Business partnership still gives unmatched rewards depth and zero-markup catalogs.
- On January 13, 2026, Awardco launched Engage, unifying surveys, insights, and recognition.
- External Recognition lets customers, patients, and partners reward employees without logins.
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Funding
Total Funding
$235M
Above
Industry Average
Funded Over
3 Rounds
General CatalystIndustry standards
Benefits
Unlimited Paid Time Off
401(k) Company Match
Gym Membership
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 2%Awardco, a Utah-based employee recognition platform, achieved a valuation over $1 billion after raising $165 million in a Series B funding round. The platform, used by companies like AT&T and Crumbl Cookies, allows employees to earn points with a one-to-one dollar value for recognition, which can be redeemed for products and experiences. Awardco plans to enhance its platform with AI-driven insights and expand its global infrastructure.
Awardco, a leading employee-rewards platform, has raised $165 million in a Series B funding round led by Sixth Street Growth and Spectrum Equity.
Awardco has raised $165 million in a Series B funding round, surpassing a $1 billion valuation. The investment, led by Sixth Street Growth and Spectrum Equity, will enhance Awardco's employee rewards and recognition platform, expand its global infrastructure, and integrate AI for deeper insights. The company, with over six million users in 163 countries, aims to transform workplace culture and engagement. Awardco's new London office is driving growth in the EMEA market.
/PRNewswire/ -- Awardco announced today a $165 million Series B round of funding with a valuation that eclipses $1 billion, further solidifying its leadership...
AdvantageClub competes with platforms like Vantage Circle, Bonusly, Awardco, Workhuman, Reward Gateway, and Achievers.
Awardco is Hiring for 9 Jobs on Simplify!
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About Awardco
Industries
Enterprise Software
Company Size
501-1,000
Company Stage
Series B
Total Funding
$235M
Headquarters
Lindon, Utah
Founded
2015
Awardco is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today