AdvantageClub.ai, a leading provider of employee engagement solutions, has secured $4 million in its latest funding round, bringing its total funding to $11 million. The round was led by Axilor Ventures, with participation from AFG Ventures, Prasanna Sarkar (former CTO of Rippling), Bytez Ventures, and existing investors.
The company plans to use the funds to accelerate its expansion into the US and Asia, where it has already experienced significant success. Additionally, AdvantageClub.ai will focus on enhancing its product offerings in employee recognition, rewards, and engagement, with new tools and features designed to improve the overall employee experience.
Sourabh Deorah, CEO & Co-founder of AdvantageClub.ai, shared his enthusiasm about the investment, stating, “This funding will enable us to further strengthen our presence in the US and Asia, expand our product suite, and continue to develop AI-driven solutions like Adva to engage employees in innovative ways.” COO & Co-founder Smiti Bhatt Deorah added, “Our employee-first approach has positioned us as the top choice for organizations. We win 65-70% of new recognition deals in Asia and have successfully expanded into the US.”
Ganapathy Venugopal, founder and CEO of Axilor Ventures, expressed confidence in AdvantageClub.ai’s future, stating, “Companies are increasingly looking for effective ways to improve employee engagement and enhance their employer brand. AdvantageClub.ai’s personalized, scalable, and global platform offers a best-in-class solution for employers who prioritize their employees. We are excited to continue our partnership with Sourabh and Smiti as they embark on their next phase of growth.”
