PerkSpot, a Chicago, IL-based HR technology company, received $50M in first outside funding.
Susquehanna Growth Equity made the investment.
The company intends to use the funds to recruit talent and expand its offerings.
Founded in 2006 by Chris Hill, Executive Chairman, and led by Jace Mouse, CEO, PerkSpot provides a private marketplace that allows employees to save money on a variety of goods and services. Offered as a benefit through employers, employees can save an average of $2,300 each year on purchases with exclusive discounts on brands such as Apple, Samsung, AMC Theatres, and Target.
Over the past two years, the company expanded its offering to integrate employers’ rewards and recognition programs, has grown to over 750 clients and nearly tripled its revenue.