Online Editor, Small Businees
Jon's Feed
Sep 28, 2011
Sep 28, 2011
Sep 28, 2011
Sep 28, 2011
Sep 28, 2011

Employee reward site raises $24.5 millon from Sequoia

By Jon Cook

(Reuters) – Prominent Silicon Valley venture capital firm Sequoia Capital is wading into the near $50-billion employee rewards market with its $24.5 million Series C round of financing of online San Francisco-based company Achievers.

The announcement on Wednesday by the venture capital heavyweight signals a heightened interest in the space that Sequoia partner Alfred Lin said is “highly fragmented” and lacks a dominant player.

Sep 28, 2011
via Entrepreneurial

Employee rewards site raises $24 million from Sequoia Capital

Photo

Prominent Silicon Valley venture capital firm Sequoia Capital is wading into the near $50-billion employee rewards market with its $24.5 million Series C round of financing of online San Francisco-based company Achievers.

The announcement on Wednesday by the venture capital heavyweight signals a heightened interest in the space that Sequoia partner Alfred Lin said is “highly fragmented” and lacks a dominant player.

Sep 27, 2011
Sep 27, 2011
Sep 27, 2011
Sep 27, 2011
    • About Jon

      "Jon Cook is a new media veteran, having worked online since 1996. Jon has specialized in startups, having cut his teeth as an editor/reporter at Canoe.ca for 12 years; contributing to its growth as one of Canada's premier online news destinations. Before coming to Reuters Jon helped launch the GlobeandMail.com's small business section - The Business Incubator - producing stories, podcasts and video interviews that illustrated the intense challenges facing today's entrepreneurs. Jon is a hybrid journalist who has been regularly published online, as well as in newspapers across the country and has appeared on television, including the CBC. ..."
    • More from Jon

    • Contact Jon

    • Follow Jon