Achievers (formerly I Love Rewards) raises $24.5 Million led by Sequoia Capital

by Rob Lewis | Business

Achievers (formerly I Love Rewards) announced today that it has secured $24.5 million in a Series C financing, led by Sequoia Capital with existing investors, JLA Ventures, GrandBanks Capital and the Ontario Venture Capital Fund (Managed by NorthLeaf Capital).

The financing will also see Achievers move their North American headquarters from Toronto to San Francisco.

“We are thrilled to add Sequoia Capital as a business partner” said Razor Suleman, Founder and CEO of Achievers.  “Sequoia shares our belief that great companies are built by great people; people that are focused on customer happiness.  With this round of financing, we will be able to scale our culture, partner with more customers and execute on our mission which is to change the way the world works.”

Achievers plans to accelerate its sales and marketing initiatives as well as further develop its award-winning product in order to continue innovating the 100 year old employee rewards and recognition industry.

The company, formerly known as I Love Rewards, has now raised about $48 million in total funding since it was founded in 1995.

Toronto, Ontario, Canada

At Achievers, our mission is to Change the Way the World Works. Your employees are your company’s greatest asset; when you empower them to succeed, your business reaps the benefits. We believe in building a culture of recognition where performance, not presence, is rewarded. A culture of recognition not only inspires your employees to achieve and grow, it drives results for your organization.... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

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