Laurence Capital
150 Caroline Street South, Suite 405, Waterloo, Ontario, N2L 0A5, Canada
Overview
Laurence Capital is a merchant bank that offers growth stage companies with capital and advisory services to develop their businesses. It assists its customers in business development, mergers and acquisitions, financings, and board and executive recruiting strategy development. Laurence Capital was acquired by Achievers in June 2015. Laurence Capital is a Waterloo-based company that was founded by Peter Schwartz.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Banking
- Enterprise Software
- Impact Investing
Investment portfolio
- Achievers
Participated · Series B · May 2009
Achievers, formerly known as I Love Rewards, provides employee rewards services and social software aimed at improving employee engagement. It targets organizations starting around 500 employees up to Fortune 500 companies. Customers include Marriott, Deloitte, 3M and Microsoft. The company reports rapid expansion, with 100+ percent employee growth year‑over‑year and 150 employees in North America. Achievers recently relocated its US headquarters to San Francisco from Toronto along with CEO Razor Suleman. Financially, the company has raised $24.5M in a Series C and has now raised $38M in total. I Love Rewards operates employee rewards, sales incentive and service award programs for corporations, distributing points that employees redeem for brand-name merchandise, experiences, gift cards and virtual awards. Its customer roster includes Microsoft, Marriott, ConAgra and Bell. The company runs programs that allow companies to motivate and recognize employees and sales teams through a catalog-style rewards platform. I Love Rewards says the latest funding will be used to expand its sales and marketing efforts. Financially, the company has raised multiple equity rounds, including a Series A and an extended Series B, and reports no operating metrics in the article. The product focus is on reward catalog curation and program administration for enterprise clients. I Love Rewards operates employee rewards, sales incentive recognition and service award programs for corporations. The company issues rewards as points that employees redeem for brand-name merchandise, experiences, gift cards and virtual awards such as music downloads. Corporate customers include Microsoft, Marriott, ConAgra and Bell. I Love Rewards said the new funding will be used to expand its sales and marketing efforts. The company raised $5.9 million (C$6.9M) in a Series B led by GrandBanks Capital, with prior investors JLA Ventures and Laurence Capital participating. It previously raised $4 million in a Series A in 2008 from JLA Ventures and Laurence Capital.
Team
No current team members are available.