Bonusly

Employee recognition and rewards platform

Boulder, Colorado, United States

About Bonusly

Bonusly provides a platform for employee recognition and rewards, designed to improve workplace culture and boost employee engagement. The system allows employees to acknowledge each other's contributions through a peer-to-peer recognition process, where they can earn points that can be exchanged for various rewards. This approach not only enhances morale but also encourages a supportive work environment. Unlike many competitors, Bonusly offers detailed analytics and insights that help managers and HR leaders understand employee engagement levels and make informed decisions to enhance productivity and retention. The goal of Bonusly is to create a positive workplace atmosphere where employees feel valued and motivated.

Boulder, ColoradoHeadquarters
2012Year Founded
$30.5MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
51-200Employees

Benefits

Stock Options
Company Equity

Risks

Increased competition from new entrants like WorkAngel and Fringe may dilute market share.
Reliance on third-party integrations poses risks if platforms change policies or face issues.
Rapid growth and funding pressure may lead to operational challenges affecting service quality.

Differentiation

Bonusly offers a peer-to-peer recognition system enhancing workplace culture and engagement.
The platform provides actionable data through powerful people analytics tools for strategic decisions.
Bonusly integrates with popular tools like Microsoft Teams and Zapier for seamless recognition sharing.

Upsides

Bonusly's Series B funding of $18.9M supports platform enhancement and analytics capabilities.
The rise of hybrid work models increases demand for Bonusly's flexible recognition system.
Growing emphasis on mental health boosts relevance of Bonusly's employee happiness solutions.

Funding

Total raised$30.54 M
Latest valuation$94.50 M
StageSERIES_B