# Fond Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fond-technologies

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.anyperk.com
- Total disclosed funding: $23M
- Latest round: Series A (Sep 28, 2016)
- Investors on record: 12

## About

Fond Technologies, inc. is a US-based company that specializes in providing a rewards and recognition platform aimed at enhancing employee engagement and appreciation within organizations.Fond Technologies, inc. offers a platform that promotes employee recognition, fostering a positive workplace culture. Founded in 2012 in San Francisco, US, the company has completed a total of 6 deals, with the most recent funding round occurring on January 25, 2018. Their Series A funding round raised USD 11.50 mn, bringing the total amount raised to USD 11.50 mn and a current valuation of USD 74.02 mn. The founder, Sunny Tsang, plays a crucial role in guiding the company's strategy.Fond provides a comprehensive rewards and recognition platform designed to foster a culture of appreciation within organizations. Core functionalities include social recognition, service awards, performance analytics, and access to corporate discounts. The platform allows employees to publicly acknowledge their peers, track work anniversaries, and access various perks in entertainment, fitness, and travel. Fond primarily serves mid to large-sized businesses across industries in the US, Canada, and the UK, enhancing employee engagement and recognition.Fond operates on a subscription-based revenue model, offering various service tiers tailored to organizational needs. Clients typically enter into annual contracts, granting access to its rewards and recognition platform. The subscription process allows employees to redeem rewards and recognition, leading to improved engagement metrics and workplace morale. Fond's pricing policy maintains transparency, fostering client trust, though specific pricing details are not disclosed, allowing scalability based on client needs.Fond Technologies plans to utilize recent funding from January 2018 to strengthen its organizational and human resource capabilities. The company is focused on developing new offerings and expanding its market reach, targeting additional sectors within the US and potential international markets. Specific details regarding upcoming product launches or geographic expansions have not been disclosed, but the emphasis remains on enhancing the platform's capabilities to better serve clients.

## Funding rounds

- Series A, Sep 28, 2016, $12M — DCM, ITOCHU Technology Ventures, CyberAgent Capital, Nissay Capital, GMO VenturePartners
- Series A, Mar 18, 2015, $7M — DCM, Andreessen Horowitz, SV Angel, Y Combinator, Digital Garage, Inc., Vayner/RSE
- Seed, Jun 23, 2014, $3M — VTF Capital, FundersClub, Vayner/RSE
- Series A, Jun 6, 2012, $1.4M — Digital Garage, Inc., CyberAgent Capital
- Seed, Mar 27, 2012 — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Digital Garage, Inc. — Series A
- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Series A
- VTF Capital (https://capitalatlas.ai/funds/vtf-capital) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Vayner/RSE (https://capitalatlas.ai/funds/vayner-rse) — Seed, Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- ITOCHU Technology Ventures (https://capitalatlas.ai/funds/itochu-technology-ventures) — Series A
- Nissay Capital (https://capitalatlas.ai/funds/nissay-capital) — Series A
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series A