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.