Achievers

Achievers is a software company that specializes in employee engagement and recognition. Their platform is designed to help organizations improve employee productivity and retention by creating a culture of recognition. Achievers was founded in 2002 in Toronto, Canada, by Razor Suleman. Originally called I Love Rewards, the company started as a web-based platform for employee rewards and recognition programs. In 2011, the company rebranded as Achievers and expanded its software to include employee engagement tools. Today, their platform is used by over 1,500 companies globally.

Since its inception, Achievers has raised $146.5 million in funding over five rounds. Their first round of funding was in 2007, where they raised $2 million in a seed round led by VenGrowth Capital Partners. In 2008, they raised another $4 million in a Series A funding round led by GrandBanks Capital. In 2011, Achievers.com raised $24.5 million in a Series B funding round led by Sequoia Capital. In 2015, the company raised $49.5 million in a Series C funding round led by Silicon Valley Bank. Most recently, in 2017, the company raised $66.5 million in a Series D funding round led by Sequoia Capital and was valued at $550 million.

Achievers has made several acquisitions over the years to expand its product offerings and improve its technology. In 2012, the company acquired technology start-up, Choice™, to enhance its social recognition platform. Choice™ was a social recognition platform that allowed employees to recognize and reward their peers. The acquisition allowed Achievers to integrate Choice™’s technology into its existing platform and improve its social recognition capabilities. In 2015, Achievers acquired the UK-based employee engagement company, OneKudos. OneKudos was a software-as-a-service (SaaS) platform that allowed companies to measure employee engagement and satisfaction. The acquisition helped Achievers expand its presence in the UK market and strengthen its analytics capabilities.