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Top 10 Employee Recognition Software Companies Under $1M Revenue (November 2026)

As of November 2026, Latka tracks 21 employee recognition software companies under $1M in annual revenue. They have combined revenues of $10.6M and employ 115 people. They have raised $800K and serve 1.5K customers combined.

Every company below sells employee recognition software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Employee Recognition Software Companies do

Employee recognition software is a category of tools designed to help organizations acknowledge and reward their employees for their contributions and achievements. These platforms facilitate the creation and implementation of recognition programs, encouraging a culture of appreciation within the workplace. The primary use cases include motivating employees, improving engagement levels, and reinforcing company values through consistent recognition practices. Typical features of employee recognition software include real-time feedback mechanisms, milestone celebrations, peer-to-peer recognition capabilities, and analytics to measure the impact of recognition initiatives. These tools are commonly utilized by HR professionals, team managers, and organizational leaders who seek to enhance employee morale and create a positive work environment. By streamlining the recognition process, these platforms help organizations to build stronger relationships among employees and foster a sense of belonging.

Companies
21
Revenue
$10.6M
Funding
$800K
Employees
115

Filters

Sorting: Highest -> Lowest

Filters

Top Employee Recognition Software Companies Under $1M Revenue

Showing 10 of 21 companies ranked by annual revenue.

1Tradler logo
Tradler

Barcelona, Catalonia, Spain

Tradler is the employee engagement platform that assists companies in rewarding and recognizing their team members for the work they do.

Revenue
$898.4K
Year founded
2017
Team size
23
2GuavaHR logo
GuavaHR

United States

GuavaHR mobilizes non-desk teams by providing the information, inspiration, and insights employees need to exceed expectations and stay connected at work. Organizations with deskless or frontline employees use GuavaHR to increase productivity through better communications, faster feedback, and actionable workforce insights. GuavaHR is a digital communications platform for improving workforce performance. We help to solve communication, wellness, engagement and organizational culture-related challenges in companies with large diversification in employee age, geographic location or IT skills. Those challenges are addressed through the functionality listed below: COMMUNICATION Modern communication platform that allows everyone in the company to send and receive information. - Channels for primary and secondary information shared by both the board and the employees - Newsfeed to gather an overview of all company-related information - Forwarding important information to computer, smartphone and cell phone users - Use of filters to reduce the noise and targeting each message correctly - Multilingual communication enabled and simplified ENGAGEMENT Easy recognition and involvement independent from geographic locations or used devices. - A single platform over devices and occupations - Recognition of employees and teams to raise motivation - Subcultures to engage different people with common interests HEALTH AND WELLNESS A modern company supports its employees'​ physical and mental health. - Weekly boosts to support the development of habits - Short practical articles to educate and raise employee awareness ORGANIZATIONAL CULTURE Company branding through modern, engaging and positive internal culture. - Anonymous feedback from employee to employer - General company information to create a clear image and - help employees follow company values

Revenue
$880K
Year founded
2019
Team size
8
3Qarrot logo
Qarrot

Montreal, Quebec, Canada

Qarrot is a cloud-based employee recognition and rewards platform founded in 2018 by Aaron Carr, who spent 15 years in the customer loyalty industry before launching the company. The platform operates on a subscription model priced at $3 per user per month, supplemented by a 3% take rate on digital gift card rewards purchased through the platform. As of August 2021, Qarrot reported approximately 100 customer logos, monthly subscription revenue of $23,000, and total net platform revenue of roughly $40,000 per month, placing the company near a $480,000 annualized run rate. The company raised a single pre-seed SAFE round of less than $300,000 Canadian in 2018 at a $2,000,000 valuation cap, and has operated in a largely bootstrapped fashion since. Carr retains approximately 65% equity on a fully diluted basis. The team consists of six people, including four software engineers, and serves customers primarily in the 50 to 200 employee range, with one anchor enterprise customer operating 3,000 locations in the United States. Qarrot reported net dollar retention of 109% as of 2021, driven by natural seat expansion as customers hire more employees, with upgrade and expansion revenue running at 20 to 25% over the prior 12 months. Annual gross churn improved from 16% in 2020 to approximately 10% in 2021. Rewards GMV through the platform was projected to reach $3.5 million for full-year 2021, of which $1.5 million had been recognized through the end of July 2021.

Revenue
$859.5K
Customers
100
Year founded
2018
Funding
$300K
Team size
7
4Teamphoria logo
Teamphoria

Mount Pleasant, South Carolina, United States

Developer of employee recognition software designed to generate energy and increase company revenue. The company's software uses surveys, pulse tracking, recognition and awards to measure company culture and morale in real-time and lets its users create free custom tools and management roles to make communication easier and more effective, saving time and increasing productivity, enabling employers to help their employees feel valued and recognized for their accomplishments, thereby motivating them to work better and generate higher profits.

Revenue
$773.7K
Year founded
2014
Team size
7
5HiThrive logo
HiThrive

New York, New York, United States

HiThrive is a recognition and rewards platform for thriving employees. It offers a fully integrated employee recognition system with features like Slack integration and easy-to-use interface.

Revenue
$772.8K
Customers
1K
Year founded
2018
Team size
5
6Guud Job logo
Guud Job

Madrid, Comunidad de Madrid, Spain

We boost companies’ growth through continuos Feedback and Recognition from the voice of the customer and colleagues At Guudjob we help improve business and differentiate them from their people. We achieve this by increasing motivation and performance of their employees. We combine our award-winning technology and methodology to create a real culture of direct recognition and continuous feedback from the voice of customers and employees. Something that we have shown that impacts on the improvement of productivity and reduce turnover in companies. Awarded as best Spain Platform in 2015 and among the 10 best apps in the world at the Mobile World Congress of BCN 2016, recently our solutions have been awarded as the most innovative solutions in customer experience by the DEC Association. With Guudjob you can motivate your staff from: EMPLOYEE VOICE Review: Direct evaluation of customer to employees Objective: Differentiate and create a unique customer experience from your employees. Increase sales through cross-selling and customer loyalty. Increase staff motivation, increase interaction with the customer and humanize the experience. EMPLOYEE VOICE Recognition: Internal recognition among colleagues Objective: Improve Engagement. Align values ​to behaviors and let your employees play with your corporate values. Break silos with a culture of ongoing recognition. Performance: Gamified and continuos Performance Appraisal Objective: Improve performance continuously, detect hidden talent, establish personalized training sessions and reward Top Employees Internal Audit: Internal quality service audit Objective: Achieve operational excellence, meet the protocols of individual services or locations, align behavior and measure quality standards Gift Back: Continuous peer feedback Objective: to detect routes of constant improvement. Identify talent and insights for personalized training.

Revenue
$770K
Year founded
2015
Team size
7
7Karmabot logo
Karmabot

Auckland 1071, New Zealand

Karmabot is a bootstrapped people-culture platform that integrates with Slack and Microsoft Teams, helping remote organizations recognize employees, automate one-on-ones, and distribute rewards. The company was founded in 2016 by Stas Kulesh and David Travis and operates out of New Zealand as a side project alongside Kulesh's design and development studio, Slidea. As of August 2021, Karmabot served 350 paying teams at roughly $100 per month each, generating approximately $35,000 in monthly recurring revenue. The business is fully bootstrapped, carries no outside capital, and reported $25,000 in profit on that $35,000 top line in its most recent month. The company grew from 240 paying customers and $17,000 in monthly revenue a year prior, driven primarily by word-of-mouth and listings on the Slack and Microsoft Teams app marketplaces. Kulesh and Travis each hold a 50 percent equity stake and declined an acquisition offer in the range of $500,000 to $1,000,000 received the month before the interview.

Revenue
$750.6K
Customers
350
Year founded
2016
Team size
5
8Gratifi logo
Gratifi

Pune, Maharashtra, India

Gratifi is a one-stop, SaaS solution for employee, customer and channel partner engagement. Built for today’s data-driven leaders, it has helped some of the world’s leading brands structure their total rewards, incentive and loyalty programs in a measurable way. With the robust technical backing of one of India’s largest IT services firms- Cybage Software and an industry agnostic user base of 2M+, Gratifi delivers a compelling proposition for organizations of all sizes. We’re uniquely positioned to add value through: • Complete platform flexibility to adapt to a company’s values • Global rewards catalog and last-mile delivery • Own warehouse and logistics system to ensure in-house redemption • Open API architecture for seamless platform integration with existing systems • High platform adoption rates thanks to gamification modules • Stringent adherence to data security standards With a presence in 17 countries, Gratifi aims to continuously innovate to help organizations create a culture of inclusion, motivation and appreciation. To know more about our Employee Engagement solution, click here- https://www.gratifi.com/employee-engagement/ To know more about our Sales and Channel Partner Incentives solution, click here- https://www.gratifi.com/sales-incentive-channel-partner-management/ To know more about our Customer Loyalty solution, click here- https://www.gratifi.com/customer-loyalty/ www.gratifi.com

Revenue
$660K
Year founded
1995
Team size
6
9DeTask Co logo
DeTask Co

St. Petersburg, Florida, United States

Our mission is to enable leaders to build a culture that values employees and customers, especially in remote teams. DeTask does this by offering an infrastructure that connects on any existing solution where employees earn points and rewards, helping companies create a more supportive and understanding work environment.

Revenue
$550K
Team size
5
10Lucky Carrot logo
Lucky Carrot

Yerevan, Yerevan, Armenia

Founded in 2019, Lucky Carrot is a Peer Recognition and Employee Engagement platform that helps teams to stay connected and engaged especially in this remote reality. We build a culture of peer recognition, bring visibility to employee concerns, achievements and interactions, and provide insights to detect disengagement. • Peer Recognition: enables employees to recognize each other and make hard work and daily small and big achievements visible. • Rewards: gives opportunity to redeem received recognitions (carrots) into gift cards or donations. • Engagement Survey: reveals employees’ real problems and concerns that may stay invisible. • Goal Management: enables to set goals and create aligned, and motivated teams. • People Analytics: gives detailed insights into employee interactions and helps to make data-driven decisions.

Revenue
$440K
Year founded
2019
Team size
4

Frequently asked questions about Employee Recognition Software Companies Under $1M Revenue

How many employee recognition software companies under $1M in annual revenue are there?

Latka tracks 21 employee recognition software companies under $1M in annual revenue. Together they generate $10.6M in annual revenue and employ 115 people.

Which employee recognition software company under $1M in annual revenue is the largest?

Tradler is the largest, with $898.4K in annual revenue, founded in 2017.

How much revenue does a typical employee recognition software company under $1M in annual revenue make?

The average employee recognition software company in this list makes $506K a year, across 21 companies with reported revenue. They serve 1.5K customers combined.

Who are the leading Employee Recognition software vendors under $1M in annual revenue?

Ranked by annual revenue, the leaders are Tradler, GuavaHR, Qarrot, Teamphoria and HiThrive.

How much funding have employee recognition software companies under $1M in annual revenue raised?

The 21 employee recognition software companies under $1M in annual revenue tracked here have raised $800K in disclosed funding between them.

Related HR Software categories

Inclusion Criteria

- Must provide mechanisms for recognizing employee achievements in real time. - Should include features for peer-to-peer recognition and feedback. - Must offer organizational tools to track and monitor recognition activities. - Should incorporate analytics to measure the effectiveness of recognition initiatives. - Not just a communication tool; must also enable structured recognition programs.