YouEarnedIt, an Austin, Texas-based real-time employee-to-employee recognition and engagement software platform, raised $1.5m in seed funding.
Backers included WPP; Capital Factory; and entrepreneurs who also are YouEarnedIt customers.
The company intends to use the funds for additional product development and service expansion.
Led by Autumn Manning, CEO, YouEarnedIt provides an employee engagement platform that facilitates real-time, employee-to-employee recognition and enables custom rewards. Through a social-media based platform, supervisors and colleagues are able to recognize employees for their accomplishments and contributions by awarding points that can be redeemed for rewards, such as digital gift cards, cool products, executive coaching, days off, charitable contributions in their community or any other custom reward that the company chooses.
Currently, it has more than 115 customer companies.