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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 at a $1 billion valuation, signaling investor conviction.
- The 2025 product release added AI scoring, badges, and global marketplace improvements.
- London expansion and 3,000-plus organizations support international growth, especially EMEA and deskless sectors.
What critics are saying
- Workhuman frames Awardco as transactional and weaker in insights, pressuring enterprise renewals in 2026.
- Awardco's differentiation depends heavily on Amazon Business; any partner terms change would damage economics.
- A future slowdown in retention or funding access would expose a crowded, substitution-prone rewards market.
What makes Awardco unique
- Amazon Business integration gives Awardco zero-markup rewards, global fulfillment, and one-to-one point economics.
- External Recognition in 2024 lets customers, patients, and partners praise employees through QR codes.
- Awardco 2.0 and mobile apps extend recognition to frontline workers across 163 countries.
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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
↑ 1%2 year growth
↑ 1%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 12 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 12 Jobs on Simplify!
Find jobs on Simplify and start your career today