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Awardco raises $165 million Series B

Axios Pro Exclusive ContentIllustration: Shoshana Gordon/AxiosAwardco announced Tuesday it has raised a $165 million Series B, valuing the employee rewards platform at more than $1 billion.Why it matters: It's another HR software business that's been able to raise money in an otherwise uncertain market.Rippling raised $450 million earlier this month, bringing the HR-software company's valuation to almost $17 billion.Zoom in: Sixth Street and Spectrum Equity joined General Catalyst and Ryan Smith...

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