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 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. 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. With this information, HR and managers can help team members continuously improve, foster collaboration and belonging, and assess behavior changes to predict turnover.