UV50 Startups to Watch: No. 5 Awardco

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Founded 2014 City Orem Employees 15 Industry Software/recognition Website Awardco.com Founders Steve Sonnenberg, 36; Mike Sonnenberg, 38; Tanner Runia, 28 The Company A technology-based platform focused on employee recognition and making it more affordable for companies to extend incentives and recognition to employees.

YOUNG + HUNGRY 

An old school industry needed a new-school spin. Enter Awardco. Its employee recognition platform is cutting edge and simple for companies to use. Awardco has clients in 54 countries and supports 40 different languages. In 2016, it finalized a partnership with Amazon, and Awardco now streams 680 million products from Amazon, 50,000 hotel choices from Priceline, and $20 million worth of ticket events directly on the its platform.

SCRAPPY 

“You know you’re a startup if your favorite day of the week is Monday and your wardrobe is 50 percent company T-shirts,” Sonnenberg says.

JUST YOU WAIT — GOALS

1. Process $1 billion through Amazon Business.

2. Establish a European office to continue global expansion efforts.

3. Give all employees at Awardco a big raise.

WORK! WORK!

“Pay attention to finances. You can’t always go off your gut.”


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