I Love Rewards Raises $1.6 Million Extended Series B
I Love Rewards is an online employee rewards and recognition website that offers sales incentives. Some of their clients include Marriott, Bell, ConAgra, and Microsoft. The company has announced $1.6 million in extended Series B funding from Ontario Venture Capital Fund.
The $1.8 million is an addition to the earlier Series B round in May by GrandBanks Capital, JLA Ventures, and Laurence Capital. The total Series B round of funding was $7.7 million including the extended round. Between the Series A and Series B rounds, I Love Reward has raised $13.6 million.
I Love Rewards has grown about 187% in gross billings and a 253% growht in their customer base.
[via TopNews.us]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry