How Much Did Kudos Raise? Funding & Key Investors

Date August 22, 2025
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Kudos

COMPANY INFO

Kudos is a private company founded in 2010 by Ole Vidar Hestaas. It has approximately 90 employees and operates in the Business/Productivity Software industry, providing an employee recognition platform that offers workforce and performance management, people analytics, and integrations to improve employee culture and engagement. The company's website is www.kudos.com.

How Much Did Kudos Raise? Funding & Rounds and Investors

Kudos is a private company founded in 2010 by Ole Vidar Hestaas, specializing in Business/Productivity Software. With approximately 90 employees and a headquarters in Calgary, Alberta, Canada, Kudos offers a leading employee recognition platform focused on workforce and performance management, people analytics, and integrations for organizational culture and engagement enhancement.

As a prominent player in the employee engagement sector, Kudos funding history demonstrates a strategic approach to growth and innovation. The company has raised a total of $15.8 million across two main funding rounds, leveraging both equity investment and strategic debt. Noteworthy milestones include the successful closure of a $2.5 million Series A round led by Mobeus Equity Partners and the acquisition of growth capital through conventional debt, reflecting a balanced and measured funding strategy. Kudos investors represent a diverse mix of venture capital and strategic partners, underpinning the company’s robust expansion and product development trajectory.

Funding Rounds

Conventional Debt - Undisclosed - Jul 13, 2020

This round provided Kudos with additional financing through conventional debt. The funds were likely used for operating capital, supporting ongoing product development, expanding sales efforts, and sustaining business continuity during a period of global economic uncertainty.

Series A - $2.5M - Nov 30, 2018

The Series A round marked a significant early-stage investment for Kudos, supporting market expansion, enhancement of the employee recognition platform, and acceleration of go-to-market strategies.

Key Investors

Precursor Ventures

Precursor Ventures is a seed-stage venture capital firm that invests in promising early-stage companies. As a key part of Kudos' investor group, Precursor Ventures has supported Kudos' vision and growth ambitions in employee engagement technology.

The Mini Fund

The Mini Fund is a micro-VC fund known for backing innovative startups. Their investment in Kudos funding rounds provided essential capital for scaling operations and strategic product initiatives.

Brian Kelly

Brian Kelly is an angel investor who participated in Kudos investment activity, bringing both capital and strategic advice to the company's growth journey.

Chingona Ventures

Chingona Ventures is a venture capital firm focused on investing in underrepresented founders. As a Kudos investor, they have contributed to expanding the company’s diversity and technological outreach.

Canadian Business Growth Fund

This growth-oriented fund supports ambitious Canadian businesses. The Canadian Business Growth Fund's investment in Kudos venture capital rounds underscores strong local support for the company’s mission.

Faad Network

Faad Network is an angel investment platform backing early-stage startups. Their involvement in Kudos investment contributed to the company’s fundraising momentum.

Western Economic Diversification Canada

This government agency provides financial support to high-potential Canadian companies. Their backing was instrumental in bolstering Kudos’ operations and expansion in key markets.

C100

C100 is a community of Canadian technology leaders, entrepreneurs, and investors based in Silicon Valley, which played a role in facilitating connections and investment for Kudos.

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