Pulse2 Technology and Social Media News » Laurence Capital http://pulse2.com Sun, 27 May 2012 16:32:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 I Love Rewards Raises $1.6 Million Extended Series B http://pulse2.com/2009/06/19/i-love-rewards-raises-16-million-extended-series-b/ http://pulse2.com/2009/06/19/i-love-rewards-raises-16-million-extended-series-b/#comments Fri, 19 Jun 2009 16:43:58 +0000 Amit Chowdhry http://pulse2.com/?p=16783 Continue reading →]]> iloverewards-logo

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]

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