Merit Incentives has successfully raised $28 million in its Series B funding round. The round was supported by prominent investors, including Alistithmar Capital, Stride Ventures, Tech Invest Com, and Oryx Fund.
Merit develops innovative solutions for companies to enhance communication and engagement with customers and employees, contributing to improved productivity and efficiency within the workplace.
Earlier, in May 2024, Merit announced the closure of a $12 million Pre-Series B funding round, led by Alistithmar Capital.
Tech Invest Com and Oryx Fund had also participated in the company’s previous investment rounds.
Founded in 2016 by Julie Barbier-Leblanc and Trishan Padayachee, Merit Incentives launched its operations with the aim of providing innovative solutions for businesses.
