AdvantageClub.ai secures 4 million US dollars
Marc Nemitz
| 02.12.2024
AdvantageClub.ai drives expansion: $4 million funding for growth in the US, Asia and innovative products
Dubai, December 2, 2024 - AdvantageClub.ai, a leading provider of employee engagement solutions, has raised $4 million in its latest funding round, bringing its total capital raised 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 new funds will be used to further expand the company's presence in the USA and Asia, where AdvantageClub.ai has already achieved success. The company also plans to expand its product range to include innovative tools and features for employee recognition, rewards and retention.
Strategy for global expansion and product innovation
CEO and co-founder Sourabh Deorah said: "This funding will allow us to strengthen our operations in the US and Asia, expand our product portfolio and redefine employee engagement with AI-driven solutions like Adva." COO and co-founder Smiti Bhatt Deorah added: "Our employee-centric approach has made us the first choice for enterprises in Asia - we win 65-70% of new business in this space and are successfully expanding into the US market."
Ganapathy Venugopal, CEO of Axilor Ventures, added: "Companies are looking for scalable, personalized solutions to improve employee engagement and strengthen their employer brand. AdvantageClub.ai offers a platform that is global, flexible and world-class. We are excited to accompany Sourabh and Smiti in their next growth step."
The startup
AdvantageClub.ai offers a global, AI-powered employee engagement and rewards platform that integrates features such as recognition programs, flexible benefits, surveys, communities and more. With over 5 million users in 100+ countries, 1000+ customers and 10,000+ redemption options, the company has a strong international presence. Founded in 2016 by UCLA alumni Sourabh and Smiti Deorah, AdvantageClub.ai combines cutting-edge technologies like AI, data mining and analytics to transform the employee experience.
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