Bonusly Raises $18.9M in Series B Financing


Bonusly, a Boulder, CO-based provider of an engaging recognition and rewards platform, raised $18.9M in Series B funding.

The round was led by Ankona Capital, with participation from FirstMark Capital, Access Venture Partners, and Next Frontier Capital.

The company intends to use the funds to enhance its recognition platform, continue to further build out its analytics capabilities, and invest in sales and marketing to further expand go-to-market activities.

Led by Raphael Crawford-Marks, founder and CEO, Bonusly provides engagement software that enables companies to build connections among and between teams, increased collaboration and innovation among their workforce. Additionally, the company provides exclusive insights at the individual, team, and company levels, empowering managers to make informed decisions regarding culture, professional growth, performance management, and employee retention.

The recognition platform captures and analyzes a treasure trove of real-time data on how organizations really work, communicate and connect, informing HR teams and managers so they can make behavior change throughout an employee population. Bonusly’s proprietary graph database enables management to gain a keen understanding of how their company actually functions. With this information, HR and managers can help team members continuously improve, foster collaboration and belonging, and assess behavior changes to predict turnover.