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Achievers Adds Series C Venture Capital Round

Thursday, September 29, 2011 5:31:00 AM PDT | VentureDeal Staff

   Cambridge, Massachusetts  --  Employee rewards company Achievers has received $24.5 million in its third round of institutional venture capital financing.

Achievers has developed an employee rewards and social recognition application that businesses use to provide performance-based incentives.

Sequoia Capital led the round, which included previous investors JLA Ventures, GrandBanks Capital and the Ontario Venture Capital Fund.

The company said it would use the financing to scale its operations.

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