Employee engagement platform provider Kudos has secured a $10 million minority equity investment from the Canadian Business Growth Fund (CBGF).
Headquartered in Calgary and founded in 2010, Kudos’ technology enables organizations to boost employee engagement using its peer-to-peer recognition software, which quantifies productivity within the company. Employers are able to send recognitions to their workers through Kudos’ rewards-focused programs.
According to Kudos, the financing furthers positions the startup for global expansion and it expects to double its workforce to 120 employees across Canada by the end of 2022.
Kudos is taking a bold position in the HR and work technology market through their proprietary Performance Recognition™ approach that puts recognition first and creates lasting organizational performance and culture changes.
Other rewards-focused vendors only generate short-term behavioral changes. In contrast, Kudos continues to invest in technology to better understand employee behaviours, identify performance at all levels, and promote positive workplace culture.
Kudos was named Remote Tech Breakthrough Award’s “Best Employee Recognition Solution of the Year” and chosen as one of three finalists for the ‘Resilient Business Leader Award’ for Calgary’s Resilient Business Awards in 2020.
Check out Kudos’ open roles here.