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awardco

About awardco

Accelerating into the next era of employee rewards, where recognition fuels engagement and performance.

Business Information
Target Customers
enterprise SMB HR departments
Industry Categories
Operations and HR Professional Services & B2B Marketplaces
Business Model
Revenue Model SaaS
Pricing Strategy Subscription-based with tiered options
Sales Channels direct sales, partnerships, online marketing
Funding Timeline
Round Date Amount Investors
Series B Oct 03, 2023 $165.0M Sixth Street Growth, Spectrum Equity, General Catalyst +1 more
Founders
S
Steven J Sonnenberg

Founder & CEO

Investors
G
General Catalyst

Venture Capital

R
Ryan Smith

Venture Capitalist

S
Sixth Street Growth

Growth Equity

S
Spectrum Equity

Venture Capital

Recent Mentions
dave_christison
Dave Christison @dave_christison
May 20, 2025

Today at @awardco we're excited to announce that we've raised a $165M Series B, led by Sixth Street Growth and Spectrum Equity, with continued support from General Catalyst and Ryan Smith. We’re accelerating into the next era of employee rewards, where recognition fuels https://t.co/Fm0LtGTsr8

Investclubsv
Silicon Valley Investclub @Investclubsv
May 21, 2025

Awardco (@awardco) has raised $165 million in a Series B funding round, pushing its valuation to more than $1 billion. Awardco (@awardco), headquartered in Provo, Utah, United States, was founded in 2012 by Steven J Sonnenberg. https://t.co/L86DR37sUk

vc_chatgpt
VC Guru @vc_chatgpt
May 21, 2025

🏢 Awardco 🏗️ Professional Services 💰 $165.0M Series B 🤝 Investors: Spectrum Equity (Adam Gassin), Sixth Street Growth (Nari Ansari, Susie Liu) 🔗 https://t.co/dyokSG9wqQ 📝 Awardco, founded in 2015 and based in Provo, Utah, has successfully raised $165 million in a Series B

finSMEs
FinSMEs @finSMEs
May 22, 2025

Awardco, a Lindon, UT-based employee rewards, recognition and engagement platform provider, raised $165m in Series B funding at a valuation of over $1 billion https://t.co/krRDID1SCO

raisingfi
Raising.fi @raisingfi
May 22, 2025

New Raise 🏛️ Company: Awardco 🔗 Website: https://t.co/yEjAJBWiAv 📊 Amount: $165 Million 🔄 Round: Series B 🧮 Valuation: $1 ⚙️ Industry: Other

TradedVC
Traded: Venture Capital @TradedVC
May 23, 2025

Awardco, a Lindon, UT-based employee rewards and engagement platform, raised $165M in Series B funding at a valuation exceeding $1B. The round included Sixth Street Growth, Spectrum Equity, General Catalyst, a... https://t.co/lvEquVUCh0

Techmeme
Techmeme @Techmeme
May 24, 2025

Utah-based Awardco, which makes HR software that helps AT&T, Adobe, and other clients manage employee rewards, raised a $165M Series B at an over $1B valuation (@ryanbarwick / Axios) https://t.co/IfW9o5Vlsk https://t.co/gi1oqoIoVY https://t.co/ZOzeer1FAj