Employee engagement platform AdvantageClub.ai has secured USD4 million in its latest funding round, bringing its total funding to USD11 million. The round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (former CTO of Rippling), Bytez Ventures, and existing investors.
The company plans to use the funding to expand its presence in its key markets, the US and Asia. It will also invest in expanding its product line, adding features for employee recognition, rewards, and engagement. This includes plans to introduce new tools and features designed to enhance the employee experience.
“This funding will help us double down on the US and Asia, expand our product suite, and continue building AI-driven solutions like Adva to engage employees in new ways,” shared Sourabh Deorah, CEO & Co-founder of AdvantageClub.ai.
“Our employee-first approach has made us the top choice for organizations, we win 65-70% of new recognition deals in Asia and have expanded successfully into the US,” added Smiti Bhatt Deorah, COO & Co-founder of AdvantageClub.ai.
Founded in 2016, AdvantageClub.ai boasts a large and diverse user base, with over 5 million users spread across 100+ countries. The company serves 1000+ clients and offers a wide selection of 10,000+ redemption options.
To learn more about the company, visit https://www.advantageclub.ai.
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