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AdvantageClub.ai Raises $4 Million to Expand in US, Asia, and Product Lines
AdvantageClub.ai, a platform specializing in employee engagement solutions, has raised $4 million in a funding round led by Axilor Ventures. This round brings the company's total funding to $11 million. Other investors, including AFG Ventures, Prasanna Sarkar (Co-founder and ex-CTO of Rippling), Bytez Ventures, and existing stakeholders, also participated.
In the past year, AdvantageClub.ai has doubled its revenue and added several new clients. The company will use this capital to expand its AI capabilities, add new products in the employee engagement space, and focus on geographic expansion, particularly in the US and Asia.
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Expansion Plans and New Product Development
AdvantageClub.ai plans to expand into the US and Asia, where demand for employee engagement solutions is increasing. The company will focus on enhancing its wellness programs, which include OPD plans, fitness initiatives, health checkups, and habit-forming social behavior programs. The company also intends to strengthen its offerings in the Rewards and Recognition space.
Sourabh Deorah, CEO and Co-founder of AdvantageClub.ai, said, “This funding will support our efforts to expand in the US, enhance our wellness programs, and continue building our product. We have seen wellness become an important part of our offerings in the past two years, and this investment will help us grow in that area.”
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Focusing on Wellness and Employee Engagement
Smiti Bhatt Deorah, COO and Co-founder, noted, “Our employee-first approach has made us a preferred choice in Asia for employee engagement solutions. We plan to continue delivering a seamless experience for driving retention, productivity, and culture in organizations.”
AdvantageClub.ai is used by over 5 million employees in 104 countries and serves over 1,000 clients. Its offerings include rewards & recognition, wellness programs, sales incentive automation, and flexible benefits.
Axilor Ventures’ Role
Ganapathy Venugopal, Founder and CEO of Axilor Ventures, stated, “AdvantageClub.ai offers a personalized, scalable platform that helps employers improve employee engagement. We look forward to continuing our partnership as the company expands into new regions and product lines.”
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What is AdvantageClub.ai
Founded in 2016 by Sourabh Deorah and Smiti Bhatt Deorah, AdvantageClub.ai is an AI-powered platform offering employee engagement, rewards, and wellness solutions. The platform provides solutions for driving employee retention, happiness, and productivity. The company serves clients globally, including Concentrix, BCG, Tech Mahindra, HCL, Tata Steel, and Air India.
Headquartered in San Francisco, AdvantageClub.ai operates in over 100 countries and works with a wide range of global clients.
Disclaimer: This content is a press release from the company/PR team and may have been creatively edited without altering any facts. The TICE editorial team cannot be held responsible or accountable for any business decisions made based on this report. TICE does not verify or vouch for the accuracy of the facts presented in this article.
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