The $9 million investment will fuel growth and continue innovating Bonusly’s fun and easy platform that connects teams
Bonusly, an engaging recognition and rewards platform that connects teams and enriches company culture, announced it has received $9 million in Series A funding led by Access Venture Partners, joined by Next Frontier Capital, Operator Partners, and existing investor FirstMark Capital.
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Bonusly’s recognition and rewards bolster morale and motivation, foster collaboration, and build social links and a greater sense of purpose for teams — all outcomes desperately needed now.
“When everyone in an organization participates in recognition and rewards, people feel a sense of purpose and see that their contributions are valued by their bosses, peers, and others on their teams,” said Raphael Crawford-Marks, co-founder and CEO of Bonusly. “Employee engagement and morale are more important than ever, and this round of investment validates the value of our solution in meeting the pressing people challenges of the current environment and into the future.”
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With organizations becoming more fluid than ever, Bonusly’s platform empowers real-time recognition to highlight accomplishments big and small in a very positive and public way, which fosters stronger cultures and builds great companies.
As employers have had to shift to remote work, tighten budgets, and figure out new ways of doing business, keeping employees engaged is becoming increasingly challenging. Bonusly’s fun and easy solution for rewarding people and enriching workplace cultures is a cost-effective approach that employers desperately need in this crisis.
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