AdvantageClub.ai, a leader in employee engagement solutions, announced it has raised $4 million in its latest funding round, bringing its total funding to $11 million. The funding round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (ex-CTO of Rippling), Bytez Ventures, and existing investors.
The company plans to use the funds to strengthen its presence in the US and Asia, where company has already seen success. And the company will also focus on expanding its product suite in employee recognition, rewards, and engagement, with plans to introduce new tools and features to enhance employee experience.
KEY QUOTES:
“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.”
– 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.”
– COO & Co-founder Smiti Bhatt Deorah
“Companies are in search of good options to improve employee engagement and strengthen their employer brand. AdvantageClub.ai’s personalized, scalable and global platform offers a best-in-class solution to employers who put their employees first. We are excited to continue our partnership with Sourabh and Smiti as they look at their next phase of exciting growth.”
– Ganapathy Venugopal, founder and CEO of Axilor Ventures, the lead investor in this round
